6,994 Shares in StoneCo Ltd. (NASDAQ:STNE) Bought by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. purchased a new stake in StoneCo Ltd. (NASDAQ:STNE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,994 shares of the company’s stock, valued at approximately $56,000.

A number of other hedge funds have also bought and sold shares of the company. Point72 Asset Management L.P. lifted its holdings in shares of StoneCo by 36.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 11,422,475 shares of the company’s stock worth $128,617,000 after purchasing an additional 3,035,530 shares during the last quarter. State Street Corp increased its stake in StoneCo by 51.0% in the 3rd quarter. State Street Corp now owns 7,972,037 shares of the company’s stock worth $89,765,000 after purchasing an additional 2,692,558 shares in the last quarter. Geode Capital Management LLC boosted its stake in StoneCo by 36.0% in the 3rd quarter. Geode Capital Management LLC now owns 5,190,344 shares of the company’s stock worth $58,302,000 after purchasing an additional 1,374,788 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in StoneCo by 37.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,689,839 shares of the company’s stock worth $19,028,000 after acquiring an additional 457,856 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in StoneCo by 327.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,580,679 shares of the company’s stock valued at $17,798,000 after buying an additional 1,210,817 shares during the period. 73.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

STNE has been the subject of a number of analyst reports. Citigroup reiterated a “neutral” rating and issued a $9.00 target price (down from $19.00) on shares of StoneCo in a research note on Thursday, January 16th. JPMorgan Chase & Co. decreased their target price on StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Barclays lowered their price objective on StoneCo from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Susquehanna reduced their target price on StoneCo from $22.00 to $19.00 and set a “positive” rating on the stock in a report on Wednesday, November 13th. Finally, The Goldman Sachs Group dropped their target price 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 investment analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, StoneCo presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.38.

StoneCo Price Performance

STNE stock opened at $9.26 on Tuesday. The company’s 50-day moving average price is $8.96 and its two-hundred day moving average price is $10.16. StoneCo Ltd. has a 12 month low of $7.72 and a 12 month high of $17.93. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47. The firm has a market cap of $2.86 billion, a P/E ratio of 7.23, a P/E/G ratio of 0.41 and a beta of 2.33.

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.