Signaturefd LLC Purchases 2,235 Shares of StoneCo Ltd. (NASDAQ:STNE)

Signaturefd LLC boosted its position in StoneCo Ltd. (NASDAQ:STNE) by 45.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,149 shares of the company’s stock after acquiring an additional 2,235 shares during the quarter. Signaturefd LLC’s holdings in StoneCo were worth $129,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Federated Hermes Inc. lifted its holdings in shares of StoneCo by 4.8% during the fourth quarter. Federated Hermes Inc. now owns 2,766,712 shares of the company’s stock worth $49,884,000 after buying an additional 125,668 shares during the last quarter. Daiwa Securities Group Inc. acquired a new position in StoneCo during the 4th quarter valued at $233,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in StoneCo by 5.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 652,063 shares of the company’s stock valued at $11,757,000 after purchasing an additional 31,450 shares during the period. AlphaMark Advisors LLC grew its position in StoneCo by 24.6% in the 4th quarter. AlphaMark Advisors LLC now owns 24,036 shares of the company’s stock worth $433,000 after purchasing an additional 4,746 shares during the last quarter. Finally, Weybosset Research & Management LLC bought a new position in shares of StoneCo during the 4th quarter worth about $214,000. Institutional investors own 73.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on STNE. Barclays reduced their target price on shares of StoneCo from $18.00 to $17.00 and set an “equal weight” rating for the company in a research note on Monday. UBS Group lowered StoneCo from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $18.00 to $21.00 in a report on Thursday, February 1st. Citigroup upped their target price on StoneCo from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. The Goldman Sachs Group upgraded shares of StoneCo from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $12.00 to $21.00 in a research note on Monday, January 22nd. Finally, Susquehanna dropped their price objective on shares of StoneCo from $23.00 to $22.00 and set a “positive” rating for the company in a research note on Friday, April 19th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, StoneCo has a consensus rating of “Moderate Buy” and an average target price of $19.00.

StoneCo Stock Down 1.0 %

STNE opened at $16.19 on Tuesday. The firm has a market cap of $5.09 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 0.60 and a beta of 2.34. The firm’s 50-day simple moving average is $16.50 and its 200-day simple moving average is $15.65. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.27 and a current ratio of 1.27. StoneCo Ltd. has a twelve month low of $9.34 and a twelve month high of $19.46.

StoneCo (NASDAQ:STNE) last released its quarterly earnings results on Monday, March 18th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. StoneCo had a return on equity of 11.23% and a net margin of 13.35%. The firm had revenue of $655.87 million during the quarter, compared to analysts’ expectations of $468.47 million. Equities research analysts anticipate that StoneCo Ltd. will post 1.27 EPS 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.