2 weeks Ago By ABMN Staff
Russell Investments Group Ltd. decreased its position in shares of StoneCo Ltd. ( NASDAQ:STNE – Free Report ) by 26.
5% in the fourth quarter, HoldingsChannel reports. The fund owned 298,934 shares of the company’s stock after selling 107,939 shares during the quarter. Russell Investments Group Ltd.
’s holdings in StoneCo were worth $2,383,000 as of its most recent SEC filing. Several other institutional investors also recently bought and sold shares of STNE. JPMorgan Chase & Co.
lifted its holdings in shares of StoneCo by 327.4% during the 3rd quarter. JPMorgan Chase & Co.
now owns 1,580,679 shares of the company’s stock valued at $17,798,000 after purchasing an additional 1,210,817 shares during the last quarter. Barclays PLC grew its stake in shares of StoneCo by 170.8% during the third quarter.
Barclays PLC now owns 440,682 shares of the company’s stock worth $4,962,000 after acquiring an additional 277,963 shares during the last quarter. Commons Capital LLC acquired a new stake in StoneCo in the 4th quarter worth approximately $383,000. Geode Capital Management LLC grew its position in StoneCo by 36.
0% during 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 last quarter. Finally, Asset Management One Co.
Ltd. increased its stake in StoneCo by 34.2% during the 4th quarter.
Asset Management One Co. Ltd. now owns 45,569 shares of the company’s stock valued at $373,000 after purchasing an additional 11,605 shares in the last quarter.
73.19% of the stock is currently owned by institutional investors and hedge funds. StoneCo Trading Up 3.
6 % StoneCo stock opened at $12.26 on Friday. The firm has a market cap of $3.
79 billion, a PE ratio of 9.58, a P/E/G ratio of 0.41 and a beta of 2.
05. StoneCo Ltd. has a 12 month low of $7.
72 and a 12 month high of $17.09. The stock’s 50 day simple moving average is $10.
39 and its two-hundred day simple moving average is $9.90. The company has a current ratio of 1.
42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.47.
Analyst Ratings Changes Several equities research analysts have recently commented on STNE shares. Barclays lifted their price objective on shares of StoneCo from $10.00 to $12.
00 and gave the stock an “equal weight” rating in a research note on Friday, March 21st. The Goldman Sachs Group lowered 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. Citigroup reissued a “neutral” rating and issued a $9.00 price objective (down from $19.
00) on shares of StoneCo in a report on Thursday, January 16th. Morgan Stanley raised their price objective on StoneCo from $5.70 to $6.
00 and gave the stock an “underweight” rating in a research note on Friday, March 21st. Finally, Wells Fargo & Company upgraded StoneCo from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company.
According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $14.50. View Our Latest Stock Analysis on StoneCo StoneCo Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding STNE? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for StoneCo Ltd. ( NASDAQ:STNE – Free Report ). Receive News & Ratings for StoneCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for StoneCo and related companies with MarketBeat.
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