6 days Ago By ABMN Staff
Geode Capital Management LLC grew its stake in StoneCo Ltd. ( NASDAQ:STNE – Free Report ) by 4.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission.
The fund owned 5,419,797 shares of the company’s stock after acquiring an additional 229,453 shares during the quarter. Geode Capital Management LLC owned about 1.75% of StoneCo worth $43,120,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the stock. Jones Financial Companies Lllp increased its position in StoneCo by 254.7% during the fourth quarter.
Jones Financial Companies Lllp now owns 4,256 shares of the company’s stock worth $34,000 after purchasing an additional 3,056 shares during the last quarter. Newbridge Financial Services Group Inc. grew its stake in shares of StoneCo by 166.
7% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company’s stock valued at $51,000 after buying an additional 4,000 shares during the period.
SBI Securities Co. Ltd. purchased a new stake in shares of StoneCo in the 4th quarter valued at approximately $56,000.
Skandinaviska Enskilda Banken AB publ increased its holdings in shares of StoneCo by 31.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 7,500 shares of the company’s stock worth $59,000 after buying an additional 1,800 shares during the last quarter.
Finally, KBC Group NV purchased a new stake in shares of StoneCo during the 4th quarter valued at approximately $73,000. Hedge funds and other institutional investors own 73.19% of the company’s stock.
Analyst Ratings Changes STNE has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their price objective on StoneCo from $21.
00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. The Goldman Sachs Group lowered their price target on StoneCo from $16.
00 to $14.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Wells Fargo & Company upgraded shares of StoneCo from an “equal weight” rating to an “overweight” rating in a report on Wednesday, March 19th.
Citigroup reaffirmed a “neutral” rating and set a $9.00 target price (down previously from $19.00) on shares of StoneCo in a research note on Thursday, January 16th.
Finally, Morgan Stanley boosted their price target on shares of StoneCo from $5.70 to $6.00 and gave the company an “underweight” rating in a research note on Friday, March 21st.
One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $14.50.
StoneCo Trading Up 2.0 % NASDAQ STNE opened at $11.76 on Tuesday.
StoneCo Ltd. has a one year low of $7.72 and a one year high of $17.
09. The firm has a 50 day simple moving average of $10.17 and a 200-day simple moving average of $9.
86. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 9.
19, a PEG ratio of 0.41 and a beta of 2.05.
The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.42 and a current ratio of 1.
42. StoneCo ( NASDAQ:STNE – Get Free Report ) last posted its quarterly earnings results on Tuesday, March 18th. The company reported $0.
39 EPS for the quarter, topping the consensus estimate of $0.32 by $0.07.
The business had revenue of $582.20 million during the quarter, compared to the consensus estimate of $3.59 billion.
StoneCo had a net margin of 16.02% and a return on equity of 13.92%.
Equities research analysts anticipate that StoneCo Ltd. will post 1.16 EPS for the current fiscal year.
StoneCo Company Profile ( 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.
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