Creative Planning Grows Stake in StoneCo Ltd. $STNE

Creative Planning lifted its stake in StoneCo Ltd. (NASDAQ:STNE) by 5.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,816 shares of the company’s stock after buying an additional 6,154 shares during the period. Creative Planning’s holdings in StoneCo were worth $1,906,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of STNE. CWM LLC lifted its position in StoneCo by 327.4% during the 1st quarter. CWM LLC now owns 3,154 shares of the company’s stock worth $33,000 after acquiring an additional 2,416 shares in the last quarter. Avantax Advisory Services Inc. grew its position in StoneCo by 5.2% in the first quarter. Avantax Advisory Services Inc. now owns 77,562 shares of the company’s stock valued at $813,000 after acquiring an additional 3,850 shares in the last quarter. XTX Topco Ltd raised its stake in shares of StoneCo by 93.5% during the first quarter. XTX Topco Ltd now owns 162,380 shares of the company’s stock valued at $1,702,000 after purchasing an additional 78,481 shares during the period. Jefferies Financial Group Inc. purchased a new position in shares of StoneCo in the first quarter valued at $128,000. Finally, PNC Financial Services Group Inc. grew its holdings in StoneCo by 18.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,473 shares of the company’s stock valued at $89,000 after purchasing an additional 1,317 shares in the last quarter. Institutional investors and hedge funds own 73.19% of the company’s stock.

StoneCo Stock Performance

STNE stock opened at $15.93 on Thursday. The stock’s 50 day simple moving average is $17.86 and its 200 day simple moving average is $15.93. StoneCo Ltd. has a 12-month low of $7.72 and a 12-month high of $19.95. The firm has a market cap of $4.56 billion, a P/E ratio of -29.50, a P/E/G ratio of 0.30 and a beta of 2.01. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.72.

StoneCo (NASDAQ:STNE) last released its earnings results on Thursday, November 6th. The company reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. The firm had revenue of $669.49 million during the quarter, compared to analyst estimates of $669.81 million. StoneCo had a negative net margin of 7.28% and a positive return on equity of 20.18%. As a group, equities research analysts predict that StoneCo Ltd. will post 1.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of StoneCo from a “buy” rating to a “hold” rating in a research note on Monday, October 27th. Bank of America raised their target price on StoneCo from $15.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, September 9th. UBS Group boosted their price target on StoneCo from $15.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Zacks Research upgraded StoneCo to a “strong-buy” rating in a report on Tuesday, August 12th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of StoneCo in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.21.

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.