StoneCo Ltd. (NASDAQ:STNE) Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. grew its position in StoneCo Ltd. (NASDAQ:STNEFree Report) by 63.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 88,182 shares of the company’s stock after acquiring an additional 34,239 shares during the period. Oppenheimer & Co. Inc.’s holdings in StoneCo were worth $1,590,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of STNE. McGlone Suttner Wealth Management Inc. acquired a new position in shares of StoneCo in the fourth quarter worth about $26,000. USA Financial Formulas purchased a new stake in shares of StoneCo during the fourth quarter worth about $26,000. Headlands Technologies LLC purchased a new stake in shares of StoneCo during the fourth quarter worth about $56,000. Tucker Asset Management LLC purchased a new stake in shares of StoneCo during the third quarter worth about $60,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in shares of StoneCo during the third quarter worth about $101,000. Institutional investors and hedge funds own 73.19% of the company’s stock.

StoneCo Stock Performance

NASDAQ:STNE opened at $13.24 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 0.34 and a beta of 2.37. The company’s 50-day moving average is $15.47 and its two-hundred day moving average is $16.43. StoneCo Ltd. has a 1-year low of $9.34 and a 1-year high of $19.46.

StoneCo (NASDAQ:STNEGet Free Report) last posted its earnings results on Monday, May 13th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. The company had revenue of $623.12 million for the quarter, compared to analyst estimates of $633.35 million. StoneCo had a net margin of 14.08% and a return on equity of 12.35%. Analysts forecast that StoneCo Ltd. will post 1.45 EPS for the current year.

Wall Street Analysts Forecast Growth

STNE has been the subject of a number of research reports. Susquehanna cut their target price 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. Barclays cut their target price on shares of StoneCo from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Monday, May 20th. JPMorgan Chase & Co. raised shares of StoneCo from a “neutral” rating to an “overweight” rating and set a $20.00 target price for the company in a research note on Thursday. Finally, Citigroup boosted their target price on shares of StoneCo from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.60.

Check Out Our Latest Report on StoneCo

About StoneCo

(Free Report)

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.

See Also

Institutional Ownership by Quarter for StoneCo (NASDAQ:STNE)

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