1 week Ago By Defense World Staff
Sei Investments Co. reduced its stake in shares of StoneCo Ltd. ( NASDAQ:STNE – Free Report ) by 59.
3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,159 shares of the company’s stock after selling 46,803 shares during the quarter. Sei Investments Co.
’s holdings in StoneCo were worth $256,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors also recently made changes to their positions in STNE. State Street Corp boosted its holdings in shares of StoneCo by 51.
0% in 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. SPX Gestao de Recursos Ltda raised its position in StoneCo by 3,248.
6% in the 4th quarter. SPX Gestao de Recursos Ltda now owns 1,813,588 shares of the company’s stock valued at $14,454,000 after purchasing an additional 1,759,429 shares during the last quarter. Geode Capital Management LLC boosted 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 worth $58,302,000 after purchasing an additional 1,374,788 shares in the last quarter. JPMorgan Chase & Co.
grew its holdings in shares of StoneCo by 327.4% during the third quarter. JPMorgan Chase & Co.
now owns 1,580,679 shares of the company’s stock worth $17,798,000 after purchasing an additional 1,210,817 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of StoneCo during the fourth quarter worth $2,521,000. 73.
19% of the stock is owned by institutional investors. Wall Street Analyst Weigh In Several research analysts recently issued reports on STNE shares. JPMorgan Chase & Co.
reduced their price target on shares of StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th.
Wells Fargo & Company raised shares of StoneCo from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, March 19th. The Goldman Sachs Group reduced their target price on shares of StoneCo from $16.00 to $14.
00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Barclays raised their price target on shares of StoneCo from $10.00 to $12.
00 and gave the company an “equal weight” rating in a report on Friday, March 21st. Finally, Citigroup reaffirmed a “neutral” rating and set a $9.00 price objective (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 issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.
50. StoneCo Price Performance Shares of STNE stock opened at $11.53 on Friday.
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 Ltd. has a 52-week low of $7.
72 and a 52-week high of $17.09. The firm’s 50 day moving average price is $10.
12 and its two-hundred day moving average price is $9.86. The stock has a market cap of $3.
56 billion, a PE ratio of 9.01, a PEG ratio of 0.41 and a beta of 2.
05. 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, topping analysts’ consensus estimates of $0.32 by $0.07.
The firm had revenue of $582.20 million for the quarter, compared to analysts’ expectations of $3.59 billion.
StoneCo had a return on equity of 13.92% and a net margin of 16.02%.
As a group, analysts forecast that StoneCo Ltd. will post 1.16 EPS for the current 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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