Creative Planning Boosts Holdings in StoneCo Ltd. (NASDAQ:STNE)

Creative Planning raised its stake in shares of StoneCo Ltd. (NASDAQ:STNE) by 224.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,321 shares of the company’s stock after buying an additional 45,218 shares during the quarter. Creative Planning’s holdings in StoneCo were worth $736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of STNE. Marshall Wace LLP boosted its stake in StoneCo by 204.1% during the second quarter. Marshall Wace LLP now owns 7,741,662 shares of the company’s stock valued at $92,823,000 after buying an additional 5,195,787 shares during the last quarter. Hsbc Holdings PLC raised its holdings in shares of StoneCo by 2,445.5% in the second quarter. Hsbc Holdings PLC now owns 2,287,353 shares of the company’s stock worth $27,151,000 after buying an additional 2,197,495 shares during the period. Lord Abbett & CO. LLC purchased a new stake in shares of StoneCo in the first quarter worth approximately $33,139,000. American Century Companies Inc. purchased a new stake in shares of StoneCo in the second quarter worth approximately $23,483,000. Finally, Fourth Sail Capital LP purchased a new position in StoneCo during the 2nd quarter worth $21,323,000. Institutional investors own 73.19% of the company’s stock.

StoneCo Stock Down 0.2 %

StoneCo stock opened at $11.08 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 9.01, a PEG ratio of 0.39 and a beta of 2.29. StoneCo Ltd. has a 1-year low of $9.96 and a 1-year high of $19.46. The business has a fifty day moving average price of $11.65 and a 200-day moving average price of $13.05.

StoneCo (NASDAQ:STNE) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.04). The business had revenue of $615.13 million during the quarter, compared to analyst estimates of $590.74 million. StoneCo had a return on equity of 13.21% and a net margin of 15.27%. Equities research analysts forecast that StoneCo Ltd. will post 1.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on STNE. Morgan Stanley restated an “underweight” rating and set a $7.00 price objective (down from $16.50) on shares of StoneCo in a report on Thursday, September 5th. UBS Group raised their price objective on StoneCo from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Barclays reduced their price objective on StoneCo from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. Finally, Cantor Fitzgerald upgraded StoneCo to a “strong-buy” rating in a report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, StoneCo has a consensus rating of “Moderate Buy” and an average target price of $17.70.

StoneCo Company Profile

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.