6 hours Ago By ABMN Staff
StoneCo ( NASDAQ:STNE – Free Report ) had its target price reduced by Barclays from $13.00 to $12.00 in a report issued on Monday morning, Benzinga reports.
They currently have an equal weight rating on the stock. Other research analysts have also recently issued research reports about the stock. Cantor Fitzgerald upgraded shares of StoneCo to a “strong-buy” rating in a research report on Thursday, October 3rd.
Morgan Stanley reaffirmed an “underweight” rating and set a $7.00 price objective (down from $16.50) on shares of StoneCo in a report on Thursday, September 5th.
UBS Group raised their price objective on shares of StoneCo from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, August 29th.
Finally, Susquehanna lowered their price target on shares of StoneCo from $22.00 to $19.00 and set a “positive” rating for the company in a research report on Wednesday, November 13th.
One analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, StoneCo presently has an average rating of “Moderate Buy” and an average price target of $16.
89. View Our Latest Stock Report on STNE StoneCo Trading Down 1.8 % Hedge Funds Weigh In On StoneCo A number of institutional investors and hedge funds have recently modified their holdings of STNE.
Invst LLC grew its stake in StoneCo by 43.1% during the 3rd quarter. Invst LLC now owns 32,759 shares of the company’s stock valued at $369,000 after purchasing an additional 9,867 shares during the last quarter.
Geode Capital Management LLC raised its stake in StoneCo by 36.0% in the third quarter. Geode Capital Management LLC now owns 5,190,344 shares of the company’s stock valued at $58,302,000 after buying an additional 1,374,788 shares in the last quarter.
Barclays PLC increased its position in shares of StoneCo by 170.8% during the third quarter. Barclays PLC now owns 440,682 shares of the company’s stock worth $4,962,000 after purchasing an additional 277,963 shares in the last quarter.
Public Employees Retirement System of Ohio purchased a new stake in StoneCo in the 3rd quarter valued at approximately $211,000. Finally, Nomura Asset Management Co. Ltd.
boosted its stake in shares of StoneCo by 1,658.8% during the 3rd quarter. Nomura Asset Management Co.
Ltd. now owns 29,900 shares of the company’s stock worth $337,000 after acquiring an additional 28,200 shares in the last quarter. Hedge funds and other institutional investors own 73.
19% of the company’s stock. About StoneCo ( Get Free Report ) StoneCo Ltd. provides financial technology and software solutions to merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil.
It distributes its solutions, principally through proprietary Stone Hubs, which offer hyper-local sales and services; and sells solutions to brick-and-mortar and digital merchants through sales team. Recommended Stories Receive News & Ratings for StoneCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for StoneCo and related companies with MarketBeat.com's FREE daily email newsletter .
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