Prospera Financial Services Inc Buys 10,806 Shares of StoneCo Ltd. (NASDAQ:STNE)

Prospera Financial Services Inc boosted its stake in StoneCo Ltd. (NASDAQ:STNEGet Rating) by 45.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,593 shares of the company’s stock after acquiring an additional 10,806 shares during the period. Prospera Financial Services Inc’s holdings in StoneCo were worth $266,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of StoneCo by 2.3% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,578,416 shares of the company’s stock worth $73,754,000 after buying an additional 213,825 shares in the last quarter. Nikko Asset Management Americas Inc. boosted its holdings in shares of StoneCo by 2.3% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 9,578,416 shares of the company’s stock worth $72,317,000 after buying an additional 213,825 shares in the last quarter. Blackstone Inc. bought a new position in shares of StoneCo during the 1st quarter worth approximately $51,661,000. MFN Partners Management LP boosted its holdings in shares of StoneCo by 100.0% during the 1st quarter. MFN Partners Management LP now owns 4,000,000 shares of the company’s stock worth $46,800,000 after buying an additional 2,000,000 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of StoneCo by 951.6% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,788,600 shares of the company’s stock worth $44,327,000 after buying an additional 3,428,320 shares in the last quarter. 59.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on STNE shares. Wells Fargo & Company increased their price target on StoneCo from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 4th. The Goldman Sachs Group cut StoneCo from a “neutral” rating to a “sell” rating and cut their price target for the stock from $9.80 to $7.80 in a report on Tuesday, September 6th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $16.77.

StoneCo Price Performance

Shares of STNE opened at $11.05 on Friday. The stock has a market cap of $3.45 billion, a P/E ratio of -6.31 and a beta of 2.15. The business’s fifty day moving average is $10.15 and its 200 day moving average is $9.66. StoneCo Ltd. has a 12-month low of $6.81 and a 12-month high of $31.99. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.19.

StoneCo (NASDAQ:STNEGet Rating) last released its quarterly earnings results on Thursday, August 18th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.20 billion. StoneCo had a negative return on equity of 7.68% and a negative net margin of 36.63%. StoneCo’s quarterly revenue was up 275.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 EPS. Sell-side analysts anticipate that StoneCo Ltd. will post 0.18 earnings per share for the current fiscal year.

About StoneCo

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StoneCo Ltd. provides financial technology 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 technology and solutions to digital merchants through sales and technical personnel and software vendors, as well as sells solutions to brick-and-mortar and digital merchants through sales team.

See Also

Institutional Ownership by Quarter for StoneCo (NASDAQ:STNE)

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