WINTON GROUP Ltd raised its stake in StoneCo Ltd. (NASDAQ:STNE – Free Report) by 37.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 213,143 shares of the company’s stock after purchasing an additional 58,443 shares during the quarter. WINTON GROUP Ltd’s holdings in StoneCo were worth $3,152,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. raised its stake in shares of StoneCo by 11,473.3% in the fourth quarter. Blue Trust Inc. now owns 1,736 shares of the company’s stock worth $26,000 after purchasing an additional 1,721 shares during the last quarter. Torren Management LLC purchased a new stake in shares of StoneCo in the fourth quarter worth approximately $35,000. Advisory Services Network LLC purchased a new stake in shares of StoneCo in the third quarter worth approximately $37,000. Concord Wealth Partners purchased a new stake in shares of StoneCo in the third quarter worth approximately $60,000. Finally, Assetmark Inc. raised its stake in shares of StoneCo by 773.6% in the third quarter. Assetmark Inc. now owns 3,608 shares of the company’s stock worth $68,000 after purchasing an additional 3,195 shares during the last quarter. 73.19% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
STNE has been the subject of several analyst reports. UBS Group lowered their price objective on StoneCo from $19.50 to $19.00 and set a “buy” rating for the company in a research note on Wednesday, March 11th. Zacks Research raised StoneCo from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. JPMorgan Chase & Co. lowered their price objective on StoneCo from $20.00 to $16.50 and set an “overweight” rating for the company in a research note on Wednesday, May 27th. BTIG Research reduced their target price on StoneCo from $22.00 to $15.00 and set a “buy” rating for the company in a report on Friday, May 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of StoneCo in a report on Tuesday, June 2nd. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.58.
StoneCo Stock Performance
STNE stock opened at $10.40 on Monday. The firm has a market cap of $2.59 billion, a PE ratio of 4.16, a P/E/G ratio of 0.19 and a beta of 1.73. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.57. The business has a 50 day moving average of $12.39 and a 200-day moving average of $14.33. StoneCo Ltd. has a 12-month low of $9.45 and a 12-month high of $19.95.
StoneCo (NASDAQ:STNE – Get Free Report) last released its earnings results on Wednesday, May 13th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. The company had revenue of $141.16 million during the quarter, compared to analyst estimates of $675.11 million. StoneCo had a return on equity of 21.05% and a net margin of 23.82%. As a group, sell-side analysts expect that StoneCo Ltd. will post 2.31 earnings per share for the current year.
StoneCo Dividend Announcement
The firm also recently announced a special dividend, which was paid on Monday, May 4th. Stockholders of record on Friday, April 24th were issued a $2.53 dividend. The ex-dividend date of this dividend was Friday, April 24th.
StoneCo Profile
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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