StoneCo Ltd. (NASDAQ:STNE) Stock Position Raised by Rhumbline Advisers

Rhumbline Advisers increased its holdings in shares of StoneCo Ltd. (NASDAQ:STNE) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 440,522 shares of the company’s stock after acquiring an additional 13,605 shares during the quarter. Rhumbline Advisers owned approximately 0.14% of StoneCo worth $3,511,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Asset Management One Co. Ltd. raised its position in shares of StoneCo by 34.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 45,569 shares of the company’s stock worth $373,000 after purchasing an additional 11,605 shares during the period. Newbridge Financial Services Group Inc. grew its stake in StoneCo by 166.7% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company’s stock worth $51,000 after buying an additional 4,000 shares during the last quarter. Prairie Wealth Advisors Inc. increased its position in StoneCo by 19.7% in the fourth quarter. Prairie Wealth Advisors Inc. now owns 85,000 shares of the company’s stock worth $677,000 after buying an additional 14,000 shares during the period. Yorktown Management & Research Co Inc lifted its stake in StoneCo by 96.8% in the fourth quarter. Yorktown Management & Research Co Inc now owns 30,900 shares of the company’s stock valued at $246,000 after buying an additional 15,200 shares during the last quarter. Finally, Tempus Wealth Planning LLC bought a new stake in StoneCo in the fourth quarter valued at $124,000. Institutional investors own 73.19% of the company’s stock.

StoneCo Price Performance

Shares of STNE stock opened at $9.25 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42. The stock’s fifty day simple moving average is $8.84 and its 200 day simple moving average is $10.36. StoneCo Ltd. has a one year low of $7.72 and a one year high of $17.93. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 7.23, a P/E/G ratio of 0.41 and a beta of 2.25.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on STNE shares. Barclays dropped their price target on shares of StoneCo from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Citigroup restated a “neutral” rating and issued a $9.00 target price (down from $19.00) on shares of StoneCo in a research report on Thursday, January 16th. The Goldman Sachs Group reduced their price target on StoneCo from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. JPMorgan Chase & Co. lowered their price target 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 cut their price objective on shares of StoneCo from $22.00 to $19.00 and set a “positive” rating on the stock in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.