JPMorgan Chase & Co. Has $3.51 Million Stock Holdings in StoneCo Ltd. $STNE

JPMorgan Chase & Co. decreased its stake in StoneCo Ltd. (NASDAQ:STNE) by 26.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 185,727 shares of the company’s stock after selling 66,786 shares during the quarter. JPMorgan Chase & Co. owned 0.06% of StoneCo worth $3,512,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Advisory Services Network LLC acquired a new position in StoneCo in the 3rd quarter worth approximately $37,000. USA Financial Formulas acquired a new stake in StoneCo during the 3rd quarter valued at $55,000. TD Waterhouse Canada Inc. purchased a new stake in shares of StoneCo in the third quarter valued at $55,000. Richardson Financial Services Inc. lifted its holdings in shares of StoneCo by 64.2% in the third quarter. Richardson Financial Services Inc. now owns 2,943 shares of the company’s stock valued at $56,000 after purchasing an additional 1,151 shares in the last quarter. Finally, Concord Wealth Partners acquired a new stake in shares of StoneCo in the third quarter worth $60,000. Hedge funds and other institutional investors own 73.19% of the company’s stock.

StoneCo Stock Performance

Shares of STNE opened at $13.95 on Friday. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 9.12, a price-to-earnings-growth ratio of 0.31 and a beta of 1.89. The company’s fifty day moving average is $15.47 and its 200-day moving average is $16.20. The company has a quick ratio of 1.43, a current ratio of 1.37 and a debt-to-equity ratio of 0.81. StoneCo Ltd. has a 12 month low of $9.83 and a 12 month high of $19.95.

StoneCo (NASDAQ:STNE) last issued its quarterly earnings data on Monday, March 2nd. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $675.42 million during the quarter, compared to analysts’ expectations of $704.26 million. StoneCo had a net margin of 15.38% and a return on equity of 21.55%. Equities analysts expect that StoneCo Ltd. will post 1.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Santander lowered StoneCo from an “outperform” rating to a “neutral” rating in a research report on Thursday, January 29th. Weiss Ratings upgraded StoneCo from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, March 5th. The Goldman Sachs Group lowered their target price on StoneCo from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, January 27th. Zacks Research upgraded StoneCo from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 3rd. Finally, BTIG Research restated a “buy” rating and set a $22.00 price target on shares of StoneCo in a report on Tuesday, March 3rd. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, StoneCo presently has an average rating of “Moderate Buy” and a consensus price target of $19.07.

StoneCo Company Profile

StoneCo Ltd., commonly known as Stone, is a Brazilian financial technology company that provides integrated digital payment solutions and related financial services to merchants. Through its cloud-based platform, Stone enables businesses of all sizes to accept a variety of payment methods, including point-of-sale (POS) terminals, mobile card readers and e-commerce gateways. In addition to payment acceptance, the company offers value-added services such as working capital loans, digital banking products and automated billing tools designed to help merchants manage cash flow and streamline operations.

Since its founding in 2012 by André Street and Eduardo Pontes, Stone has focused on serving over half a million merchants across Brazil’s retail, restaurant and services sectors.