Quadrature Capital Ltd purchased a new stake in shares of StoneCo Ltd (NASDAQ:STNE) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 27,922 shares of the company’s stock, valued at approximately $1,083,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of STNE. First Trust Advisors LP bought a new stake in StoneCo during the first quarter valued at $366,000. Amundi Pioneer Asset Management Inc. bought a new stake in StoneCo during the first quarter valued at $411,000. Raymond James Financial Services Advisors Inc. boosted its position in StoneCo by 115.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 14,123 shares of the company’s stock valued at $307,000 after acquiring an additional 7,573 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in StoneCo by 35.8% during the first quarter. Envestnet Asset Management Inc. now owns 29,293 shares of the company’s stock valued at $638,000 after acquiring an additional 7,721 shares during the last quarter. Finally, BlackRock Inc. boosted its position in StoneCo by 39.6% during the first quarter. BlackRock Inc. now owns 1,918,848 shares of the company’s stock valued at $41,772,000 after acquiring an additional 544,188 shares during the last quarter. 49.56% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have commented on the stock. Evercore ISI raised shares of StoneCo from an “in-line” rating to an “outperform” rating in a research report on Thursday, August 13th. Bradesco Corretora cut shares of StoneCo from a “neutral” rating to an “underperform” rating and set a $42.00 price objective on the stock. in a research report on Wednesday, August 12th. Guggenheim increased their price objective on shares of StoneCo from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Citigroup began coverage on shares of StoneCo in a research report on Friday, August 14th. They set a “buy” rating and a $58.00 price objective on the stock. Finally, Zacks Investment Research cut shares of StoneCo from a “hold” rating to a “sell” rating in a research report on Friday, August 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. StoneCo currently has an average rating of “Hold” and an average target price of $45.82.
Shares of STNE stock traded down $0.28 during trading hours on Friday, hitting $50.00. 5,779,700 shares of the company were exchanged, compared to its average volume of 4,127,380. The firm has a fifty day simple moving average of $47.70 and a 200 day simple moving average of $35.75. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $13.87 billion, a price-to-earnings ratio of 80.65 and a beta of 2.35. StoneCo Ltd has a 52-week low of $17.72 and a 52-week high of $55.00.
StoneCo (NASDAQ:STNE) last issued its earnings results on Wednesday, August 12th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.10. StoneCo had a net margin of 26.52% and a return on equity of 12.30%. Sell-side analysts anticipate that StoneCo Ltd will post 0.53 EPS for the current year.
StoneCo Ltd. engages in the provision of financial technology solutions. It caters to merchants and partners that conduct electronic commerce across in-store, online, and mobile channels. It offers cloud-based technology platform, electronic payments, and automation of business processes at the point-of-sale.
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