National Pension Service purchased a new position in StoneCo Ltd. (NASDAQ:STNE – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 64,424 shares of the company’s stock, valued at approximately $953,000.
Several other institutional investors also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its stake in StoneCo by 22.4% in the 4th quarter. Farther Finance Advisors LLC now owns 4,699 shares of the company’s stock worth $69,000 after buying an additional 860 shares during the period. Xponance Inc. increased its stake in StoneCo by 4.9% in the 3rd quarter. Xponance Inc. now owns 19,834 shares of the company’s stock worth $375,000 after buying an additional 925 shares during the period. First Trust Advisors LP increased its stake in StoneCo by 10.0% in the 2nd quarter. First Trust Advisors LP now owns 13,995 shares of the company’s stock worth $224,000 after buying an additional 1,273 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in StoneCo by 12.3% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 13,540 shares of the company’s stock worth $256,000 after buying an additional 1,478 shares during the period. Finally, Alta Wealth Advisors LLC increased its stake in StoneCo by 2.0% in the 4th quarter. Alta Wealth Advisors LLC now owns 87,960 shares of the company’s stock worth $1,301,000 after buying an additional 1,702 shares during the period. Hedge funds and other institutional investors own 73.19% of the company’s stock.
StoneCo Stock Up 2.1%
NASDAQ:STNE opened at $11.69 on Tuesday. The stock has a market capitalization of $2.91 billion, a P/E ratio of 4.68, a P/E/G ratio of 0.21 and a beta of 1.73. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.33 and a current ratio of 1.33. The company’s 50-day simple moving average is $12.64 and its 200-day simple moving average is $14.50. StoneCo Ltd. has a fifty-two week low of $9.45 and a fifty-two week high of $19.95.
StoneCo Announces Dividend
The firm also recently declared a special dividend, which was paid on Monday, May 4th. Shareholders of record on Friday, April 24th were given a dividend of $2.53 per share. The ex-dividend date of this dividend was Friday, April 24th.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on STNE shares. UBS Group dropped their target price on shares of StoneCo from $19.50 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, March 11th. Zacks Research upgraded shares of StoneCo from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 3rd. Citigroup cut shares of StoneCo from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $18.00 to $11.00 in a report on Friday, May 15th. Weiss Ratings upgraded shares of StoneCo from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, March 5th. Finally, BTIG Research dropped their target price on shares of StoneCo from $22.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.58.
Read Our Latest Stock Report on STNE
About StoneCo
StoneCo Ltd., commonly known as Stone, is a Brazilian financial technology company that provides integrated digital payment solutions and related financial services to merchants. Through its cloud-based platform, Stone enables businesses of all sizes to accept a variety of payment methods, including point-of-sale (POS) terminals, mobile card readers and e-commerce gateways. In addition to payment acceptance, the company offers value-added services such as working capital loans, digital banking products and automated billing tools designed to help merchants manage cash flow and streamline operations.
Since its founding in 2012 by André Street and Eduardo Pontes, Stone has focused on serving over half a million merchants across Brazil’s retail, restaurant and services sectors.
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