StoneCo Ltd. (NASDAQ:STNE) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. increased its position in shares of StoneCo Ltd. (NASDAQ:STNE) by 17.5% in the third quarter, HoldingsChannel.com reports. The firm owned 2,672,681 shares of the company’s stock after acquiring an additional 397,101 shares during the quarter. Vanguard Group Inc.’s holdings in StoneCo were worth $28,518,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. 1832 Asset Management L.P. acquired a new position in StoneCo in the fourth quarter valued at $25,000. Quarry LP purchased a new position in StoneCo during the second quarter worth about $38,000. Tucker Asset Management LLC purchased a new position in StoneCo during the third quarter worth about $60,000. Belpointe Asset Management LLC increased its holdings in StoneCo by 28.8% in the first quarter. Belpointe Asset Management LLC now owns 6,700 shares of the company’s stock valued at $64,000 after buying an additional 1,500 shares in the last quarter. Finally, Captrust Financial Advisors increased its holdings in StoneCo by 281.5% in the first quarter. Captrust Financial Advisors now owns 6,268 shares of the company’s stock valued at $73,000 after buying an additional 4,625 shares in the last quarter. Institutional investors and hedge funds own 73.19% of the company’s stock.

Wall Street Analyst Weigh In

STNE has been the topic of several research reports. UBS Group lowered shares of StoneCo from a “buy” rating to a “neutral” rating and increased their price target for the company from $18.00 to $21.00 in a research report on Thursday, February 1st. Citigroup boosted their price objective on shares of StoneCo from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Barclays upped their price target on shares of StoneCo from $14.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 16th. Finally, The Goldman Sachs Group raised shares of StoneCo from a “neutral” rating to a “buy” rating and upped their price target for the stock from $12.00 to $21.00 in a research report on Monday, January 22nd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.80.

StoneCo Stock Performance

Shares of STNE stock opened at $16.12 on Friday. StoneCo Ltd. has a 12 month low of $9.34 and a 12 month high of $19.46. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market capitalization of $5.07 billion, a P/E ratio of 15.96 and a beta of 2.34. The company’s fifty day moving average price is $16.90 and its two-hundred day moving average price is $15.16.

StoneCo (NASDAQ:STNE) last issued its quarterly earnings data on Monday, March 18th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. StoneCo had a net margin of 13.35% and a return on equity of 11.23%. The firm had revenue of $655.87 million for the quarter, compared to analyst estimates of $468.47 million. On average, research analysts anticipate that StoneCo Ltd. will post 1.3 earnings per share for the current fiscal year.

About StoneCo

StoneCo Ltd. provides financial technology and software 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 sells solutions to brick-and-mortar and digital merchants through sales team.