StoneCo Ltd. (NASDAQ:STNE) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its position in shares of StoneCo Ltd. (NASDAQ:STNE) by 34.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,569 shares of the company’s stock after buying an additional 11,605 shares during the period. Asset Management One Co. Ltd.’s holdings in StoneCo were worth $373,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in STNE. Thrivent Financial for Lutherans increased its holdings in shares of StoneCo by 9.8% in the third quarter. Thrivent Financial for Lutherans now owns 19,877 shares of the company’s stock valued at $224,000 after purchasing an additional 1,773 shares during the period. Atria Investments Inc increased its holdings in shares of StoneCo by 19.0% in the third quarter. Atria Investments Inc now owns 20,258 shares of the company’s stock valued at $228,000 after purchasing an additional 3,241 shares during the period. Koa Wealth Management LLC increased its holdings in shares of StoneCo by 2.1% in the third quarter. Koa Wealth Management LLC now owns 160,709 shares of the company’s stock valued at $1,810,000 after purchasing an additional 3,289 shares during the period. Covestor Ltd increased its holdings in shares of StoneCo by 40.9% in the third quarter. Covestor Ltd now owns 13,350 shares of the company’s stock valued at $150,000 after purchasing an additional 3,878 shares during the period. Finally, Newbridge Financial Services Group Inc. increased its holdings in shares of StoneCo by 166.7% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company’s stock valued at $51,000 after purchasing an additional 4,000 shares during the period. Institutional investors and hedge funds own 73.19% of the company’s stock.

StoneCo Stock Up 0.6 %

STNE opened at $10.13 on Friday. The business’s fifty day moving average is $8.71 and its two-hundred day moving average is $10.50. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 7.91, a PEG ratio of 0.40 and a beta of 2.25. StoneCo Ltd. has a one year low of $7.72 and a one year high of $17.93.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on STNE shares. Citigroup reissued a “neutral” rating and issued a $9.00 target price (down previously from $19.00) on shares of StoneCo in a report on Thursday, January 16th. Barclays dropped their target price on StoneCo from $12.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. The Goldman Sachs Group dropped their target price on StoneCo from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. JPMorgan Chase & Co. dropped their price objective on StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Finally, Susquehanna dropped their price objective on StoneCo from $22.00 to $19.00 and set a “positive” rating on the stock in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.38.

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.