1 week Ago By Defense World Staff
Prudential Financial Inc. increased its stake in shares of StoneCo Ltd. (NASDAQ:STNE – Free Report) by 17.
7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,220 shares of the company’s stock after acquiring an additional 3,500 shares during the quarter. Prudential Financial Inc.
’s holdings in StoneCo were worth $185,000 at the end of the most recent quarter. Several other hedge funds have also bought and sold shares of STNE. FMR LLC boosted its stake in StoneCo by 466.
4% during the third quarter. FMR LLC now owns 64,492 shares of the company’s stock valued at $726,000 after buying an additional 53,106 shares during the last quarter. State Street Corp raised its holdings in shares of StoneCo by 51.
0% during the 3rd quarter. State Street Corp now owns 7,972,037 shares of the company’s stock worth $89,765,000 after acquiring an additional 2,692,558 shares in the last quarter. XTX Topco Ltd bought a new position in shares of StoneCo during the 3rd quarter valued at approximately $167,000.
Nomura Asset Management Co. Ltd. grew its holdings in shares of StoneCo by 1,658.
8% in the third quarter. Nomura Asset Management Co. Ltd.
now owns 29,900 shares of the company’s stock valued at $337,000 after purchasing an additional 28,200 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in StoneCo in the third quarter worth $211,000. Hedge funds and other institutional investors own 73.
19% of the company’s stock. StoneCo Price PerformanceSTNE opened at $11.53 on Friday.
The business has a fifty day moving average of $10.12 and a 200 day moving average of $9.86.
The stock has a market cap of $3.56 billion, a P/E ratio of 9.01, a PEG ratio of 0.
41 and a beta of 2.05. The company has a quick ratio of 1.
42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47.
StoneCo Ltd. has a 52-week low of $7.72 and a 52-week high of $17.
09. StoneCo (NASDAQ:STNE – Get Free Report) last issued its earnings results on Tuesday, March 18th. The company reported $0.
39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07.
The firm had revenue of $582.20 million during the quarter, compared to analyst estimates of $3.59 billion.
StoneCo had a net margin of 16.02% and a return on equity of 13.92%.
As a group, sell-side analysts anticipate that StoneCo Ltd. will post 1.16 EPS for the current year.
Wall Street Analysts Forecast GrowthSTNE has been the subject of several research reports. Wells Fargo & Company upgraded shares of StoneCo from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, March 19th. Morgan Stanley increased their price target on shares of StoneCo from $5.
70 to $6.00 and gave the company an “underweight” rating in a report on Friday, March 21st. Barclays lifted their price target on StoneCo from $10.
00 to $12.00 and gave the stock an “equal weight” rating in a research report on Friday, March 21st. JPMorgan Chase & Co.
decreased their price objective on StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th.
Finally, Citigroup reiterated a “neutral” rating and issued a $9.00 target price (down previously from $19.00) on shares of StoneCo in a report on Thursday, January 16th.
One analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.50.
Check Out Our Latest Analysis on StoneCoAbout StoneCo (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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