1 week Ago By Defense World Staff
JPMorgan Chase & Co. increased its holdings in shares of StoneCo Ltd. ( NASDAQ:STNE – Free Report ) by 7.
3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,696,729 shares of the company’s stock after purchasing an additional 116,050 shares during the period. JPMorgan Chase & Co.
owned 0.55% of StoneCo worth $13,523,000 as of its most recent SEC filing. Other hedge funds and other institutional investors also recently bought and sold shares of the company.
Mitsubishi UFJ Trust & Banking Corp increased its stake in StoneCo by 3.9% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 86,750 shares of the company’s stock valued at $691,000 after buying an additional 3,296 shares during the period.
Prudential Financial Inc. lifted its position in StoneCo by 17.7% in the fourth quarter.
Prudential Financial Inc. now owns 23,220 shares of the company’s stock valued at $185,000 after purchasing an additional 3,500 shares during the period. LPL Financial LLC boosted its holdings in StoneCo by 15.
8% in the 4th quarter. LPL Financial LLC now owns 87,015 shares of the company’s stock valued at $694,000 after purchasing an additional 11,871 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of StoneCo during the 4th quarter worth approximately $405,000.
Finally, Truffle Hound Capital LLC acquired a new stake in shares of StoneCo in the 4th quarter valued at approximately $996,000. 73.19% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets Several research firms have issued reports on STNE. Citigroup reiterated a “neutral” rating and issued a $9.00 price objective (down previously from $19.
00) on shares of StoneCo in a research report on Thursday, January 16th. Morgan Stanley upped their target price on shares of StoneCo from $5.70 to $6.
00 and gave the stock an “underweight” rating in a research report on Friday, March 21st. Barclays lifted their price target on shares of StoneCo from $10.00 to $12.
00 and gave the company an “equal weight” rating in a research report on Friday, March 21st. Wells Fargo & Company raised StoneCo from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, March 19th. Finally, The Goldman Sachs Group cut their price target on StoneCo from $16.
00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock.
Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.50.
StoneCo Stock Up 5.0 % Shares of STNE opened at $11.53 on Friday.
The firm has a market cap of $3.56 billion, a PE ratio of 9.01, a price-to-earnings-growth 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.
The company’s fifty day moving average is $10.12 and its two-hundred day moving average is $9.86.
StoneCo Ltd. has a fifty-two week low of $7.72 and a fifty-two week high of $17.
09. StoneCo ( NASDAQ:STNE – Get Free Report ) last announced 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 company had revenue of $582.20 million during the quarter, compared to analyst estimates of $3.59 billion.
StoneCo had a return on equity of 13.92% and a net margin of 16.02%.
Analysts forecast that StoneCo Ltd. will post 1.16 earnings per share for the current year.
About 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.
Featured Stories Five stocks we like better than StoneCo What is a Secondary Public Offering? What Investors Need to Know Robinhood Strategies Could Be a Game-Changer for Young Investors 3 Home Improvement Stocks that Can Upgrade Your Portfolio Are These 3 Retail Stocks Oversold or Really in Trouble? Investing In Preferred Stock vs. Common Stock IONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead 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 .
.
