New York State Common Retirement Fund Has $2.10 Million Stake in StoneCo Ltd. (NASDAQ:STNE)

New York State Common Retirement Fund increased its holdings in shares of StoneCo Ltd. (NASDAQ:STNE) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 116,700 shares of the company’s stock after purchasing an additional 1,826 shares during the period. New York State Common Retirement Fund’s holdings in StoneCo were worth $2,104,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Diversified Trust Co raised its holdings in StoneCo by 3.3% during the fourth quarter. Diversified Trust Co now owns 35,547 shares of the company’s stock worth $641,000 after buying an additional 1,151 shares during the last quarter. McGlone Suttner Wealth Management Inc. bought a new position in StoneCo in the 4th quarter valued at about $26,000. Amalgamated Bank boosted its stake in StoneCo by 4.3% during the 3rd quarter. Amalgamated Bank now owns 39,124 shares of the company’s stock valued at $417,000 after purchasing an additional 1,621 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in StoneCo by 3.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 53,943 shares of the company’s stock worth $576,000 after purchasing an additional 1,821 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of StoneCo by 45.5% in the fourth quarter. Signaturefd LLC now owns 7,149 shares of the company’s stock valued at $129,000 after purchasing an additional 2,235 shares in the last quarter. 73.19% of the stock is currently owned by institutional investors.

StoneCo Stock Up 0.6 %

Shares of StoneCo stock opened at $16.97 on Thursday. StoneCo Ltd. has a 12-month low of $9.34 and a 12-month high of $19.46. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.25. The company’s fifty day simple moving average is $16.44 and its two-hundred day simple moving average is $15.92. The company has a market cap of $5.33 billion, a P/E ratio of 16.80, a PEG ratio of 0.62 and a beta of 2.39.

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 the consensus estimate of $0.32 by $0.04. StoneCo had a return on equity of 11.23% and a net margin of 13.35%. The company had revenue of $655.87 million for the quarter, compared to analyst estimates of $468.47 million. Research analysts anticipate that StoneCo Ltd. will post 1.27 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on STNE shares. Barclays cut their price objective on shares of StoneCo from $18.00 to $17.00 and set an “equal weight” rating on the stock in a report on Monday, April 29th. Susquehanna reduced their price objective on shares of StoneCo from $23.00 to $22.00 and set a “positive” rating for the company in a research report on Friday, April 19th. UBS Group cut shares of StoneCo from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $18.00 to $21.00 in a research report on Thursday, February 1st. Citigroup increased their price target on StoneCo from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Finally, The Goldman Sachs Group raised StoneCo from a “neutral” rating to a “buy” rating and boosted their price objective 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 seven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

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.