Headlands Technologies LLC Acquires Shares of 3,105 StoneCo Ltd. (NASDAQ:STNE)

Headlands Technologies LLC bought a new position in shares of StoneCo Ltd. (NASDAQ:STNE) in the fourth quarter, HoldingsChannel reports. The firm bought 3,105 shares of the company’s stock, valued at approximately $56,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. McGlone Suttner Wealth Management Inc. acquired a new position in StoneCo during the fourth quarter worth about $26,000. Tucker Asset Management LLC acquired a new stake in StoneCo in the third quarter valued at $60,000. Itau Unibanco Holding S.A. purchased a new position in shares of StoneCo in the third quarter valued at $101,000. PNC Financial Services Group Inc. increased its position in shares of StoneCo by 42.4% in the third quarter. PNC Financial Services Group Inc. now owns 9,869 shares of the company’s stock valued at $105,000 after buying an additional 2,940 shares in the last quarter. Finally, Signaturefd LLC grew its stake in StoneCo by 45.5% in the 4th quarter. Signaturefd LLC now owns 7,149 shares of the company’s stock valued at $129,000 after acquiring an additional 2,235 shares during the last quarter. Institutional investors and hedge funds own 73.19% of the company’s stock.

StoneCo Stock Performance

NASDAQ:STNE opened at $15.74 on Thursday. The company has a market cap of $4.95 billion, a P/E ratio of 15.58, a P/E/G ratio of 0.57 and a beta of 2.39. The firm’s 50 day moving average is $16.48 and its two-hundred day moving average is $15.69. StoneCo Ltd. has a fifty-two week low of $9.34 and a fifty-two week high of $19.46. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.25.

StoneCo (NASDAQ:STNE) last issued its earnings results on Monday, March 18th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.04. StoneCo had a return on equity of 11.23% and a net margin of 13.35%. The business had revenue of $655.87 million for the quarter, compared to analyst estimates of $468.47 million. Analysts expect that StoneCo Ltd. will post 1.27 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on STNE shares. UBS Group downgraded StoneCo from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $18.00 to $21.00 in a research report on Thursday, February 1st. Citigroup increased their price objective on StoneCo from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Barclays cut their target price on shares of StoneCo from $18.00 to $17.00 and set an “equal weight” rating for the company in a research note on Monday. The Goldman Sachs Group raised shares of StoneCo from a “neutral” rating to a “buy” rating and raised their price target for the stock from $12.00 to $21.00 in a research note on Monday, January 22nd. Finally, Susquehanna reduced their price objective on shares of StoneCo from $23.00 to $22.00 and set a “positive” rating on the stock in a research note on Friday, April 19th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $19.00.

StoneCo Company 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.