Arden Trust Co increased its holdings in StoneCo Ltd (NASDAQ:STNE) by 25.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,921 shares of the company’s stock after acquiring an additional 3,000 shares during the quarter. Arden Trust Co’s holdings in StoneCo were worth $789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Capital Research Global Investors grew its stake in shares of StoneCo by 36.9% in the 1st quarter. Capital Research Global Investors now owns 21,411,779 shares of the company’s stock worth $466,147,000 after buying an additional 5,773,640 shares during the last quarter. Clearbridge Investments LLC grew its stake in shares of StoneCo by 19.4% in the first quarter. Clearbridge Investments LLC now owns 2,321,553 shares of the company’s stock worth $50,540,000 after acquiring an additional 376,862 shares during the last quarter. 1832 Asset Management L.P. grew its stake in shares of StoneCo by 119.3% in the first quarter. 1832 Asset Management L.P. now owns 2,002,200 shares of the company’s stock worth $47,379,000 after acquiring an additional 1,089,000 shares during the last quarter. Bamco Inc. NY increased its holdings in shares of StoneCo by 48.5% during the second quarter. Bamco Inc. NY now owns 1,929,937 shares of the company’s stock valued at $74,804,000 after acquiring an additional 630,210 shares in the last quarter. Finally, Coronation Fund Managers Ltd. raised its position in shares of StoneCo by 103.6% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 1,338,496 shares of the company’s stock worth $51,880,000 after purchasing an additional 681,056 shares during the last quarter. Institutional investors own 49.56% of the company’s stock.
A number of analysts have weighed in on STNE shares. BidaskClub upgraded shares of StoneCo from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 18th. Goldman Sachs Group raised their price target on shares of StoneCo from $32.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, July 27th. They noted that the move was a valuation call. Citigroup assumed coverage on shares of StoneCo in a report on Friday, August 14th. They issued a “buy” rating and a $58.00 price objective for the company. UBS Group lowered StoneCo from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $46.00 to $54.00 in a report on Wednesday, August 26th. Finally, Bradesco Corretora cut StoneCo from a “neutral” rating to an “underperform” rating and set a $42.00 price target for the company. in a research note on Wednesday, August 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. StoneCo presently has a consensus rating of “Buy” and an average price target of $45.82.
STNE stock opened at $57.90 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.57 and a quick ratio of 1.57. StoneCo Ltd has a 1 year low of $17.72 and a 1 year high of $59.89. The company has a market cap of $16.06 billion, a P/E ratio of 93.39 and a beta of 2.35. The stock’s fifty day moving average price is $53.11 and its 200-day moving average price is $39.51.
StoneCo (NASDAQ:STNE) last announced its earnings results on Wednesday, August 12th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.10. StoneCo had a return on equity of 12.30% and a net margin of 26.52%. The business had revenue of $124.39 million for the quarter, compared to analysts’ expectations of $97.86 million. As a group, analysts expect that StoneCo Ltd will post 0.53 earnings per share 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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