StoneCo Ltd. (NASDAQ:STNE) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. lifted its stake in shares of StoneCo Ltd. (NASDAQ:STNE) by 4.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,766,712 shares of the company’s stock after purchasing an additional 125,668 shares during the period. Federated Hermes Inc.’s holdings in StoneCo were worth $49,884,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. acquired a new position in StoneCo during the first quarter worth $122,000. Advisor Group Holdings Inc. increased its position in StoneCo by 10.1% during the first quarter. Advisor Group Holdings Inc. now owns 35,254 shares of the company’s stock worth $417,000 after purchasing an additional 3,240 shares during the last quarter. JPMorgan Chase & Co. raised its stake in StoneCo by 190.2% during the first quarter. JPMorgan Chase & Co. now owns 882,709 shares of the company’s stock worth $10,328,000 after purchasing an additional 578,488 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in StoneCo in the 1st quarter valued at about $128,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of StoneCo during the 1st quarter worth approximately $167,000. Institutional investors and hedge funds own 73.19% of the company’s stock.

StoneCo Trading Up 0.3 %

Shares of NASDAQ:STNE opened at $15.30 on Friday. The company has a market cap of $4.81 billion, a PE ratio of 15.15, a P/E/G ratio of 0.56 and a beta of 2.34. The company’s 50 day moving average is $16.64 and its two-hundred day moving average is $15.33. StoneCo Ltd. has a 52 week low of $9.34 and a 52 week high of $19.46. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.25.

StoneCo (NASDAQ:STNE) last released its quarterly earnings data on Monday, March 18th. The company reported $0.36 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $468.47 million. Equities analysts predict that StoneCo Ltd. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

STNE has been the topic of a number of recent analyst reports. Citigroup upped their price objective on StoneCo from $19.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. UBS Group lowered shares of StoneCo from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $18.00 to $21.00 in a report on Thursday, February 1st. Barclays increased their target price on shares of StoneCo from $14.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 16th. The Goldman Sachs Group raised shares of StoneCo from a “neutral” rating to a “buy” rating and boosted their price target for the company from $12.00 to $21.00 in a research note on Monday, January 22nd. Finally, Susquehanna dropped their target price on shares of StoneCo from $23.00 to $22.00 and set a “positive” rating for the company in a report on Friday. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.00.

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.