StoneCo Ltd. (NASDAQ:STNE) Stock Position Increased by Invesco Ltd.

Invesco Ltd. boosted its position in shares of StoneCo Ltd. (NASDAQ:STNE) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 212,256 shares of the company’s stock after buying an additional 8,006 shares during the quarter. Invesco Ltd. owned 0.07% of StoneCo worth $1,692,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of STNE. Geode Capital Management LLC lifted its holdings in StoneCo by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 5,419,797 shares of the company’s stock valued at $43,120,000 after acquiring an additional 229,453 shares during the last quarter. Norges Bank acquired a new stake in StoneCo during the fourth quarter valued at approximately $22,642,000. SPX Gestao de Recursos Ltda boosted its holdings in StoneCo by 3,248.6% during the fourth quarter. SPX Gestao de Recursos Ltda now owns 1,813,588 shares of the company’s stock worth $14,454,000 after buying an additional 1,759,429 shares in the last quarter. JPMorgan Chase & Co. grew its position in StoneCo by 7.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,696,729 shares of the company’s stock worth $13,523,000 after buying an additional 116,050 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of StoneCo by 5.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 987,298 shares of the company’s stock valued at $7,869,000 after buying an additional 47,841 shares in the last quarter. Institutional investors own 73.19% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on STNE. Wells Fargo & Company upgraded StoneCo from an “equal weight” rating to an “overweight” rating in a report on Wednesday, March 19th. Citigroup raised StoneCo from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $9.00 to $15.00 in a research note on Tuesday, April 22nd. Morgan Stanley upped their price objective on shares of StoneCo from $5.70 to $6.00 and gave the company an “underweight” rating in a research note on Friday, March 21st. Barclays boosted their price target on shares of StoneCo from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Wednesday, April 23rd. Finally, The Goldman Sachs Group decreased their price objective on shares of StoneCo from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $15.38.

StoneCo Stock Down 1.1 %

STNE stock opened at $14.08 on Wednesday. The company has a 50 day moving average of $10.89 and a two-hundred day moving average of $10.00. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47. StoneCo Ltd. has a 12-month low of $7.72 and a 12-month high of $17.09. The company has a market cap of $4.35 billion, a price-to-earnings ratio of 11.00, a PEG ratio of 0.41 and a beta of 2.05.

StoneCo (NASDAQ:STNE) last released its quarterly earnings data on Tuesday, March 18th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. The firm had revenue of $582.20 million during the quarter, compared to analysts’ expectations of $3.59 billion. On average, equities analysts anticipate that StoneCo Ltd. will post 1.16 earnings per share for the current fiscal year.

StoneCo 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.