StoneCo Ltd. $STNE Stock Position Raised by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in shares of StoneCo Ltd. (NASDAQ:STNE) by 34.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,856,536 shares of the company’s stock after acquiring an additional 1,251,385 shares during the quarter. Geode Capital Management LLC’s holdings in StoneCo were worth $71,637,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Blue Trust Inc. boosted its stake in shares of StoneCo by 11,473.3% during the 4th quarter. Blue Trust Inc. now owns 1,736 shares of the company’s stock worth $26,000 after acquiring an additional 1,721 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of StoneCo during the 3rd quarter worth $37,000. Torren Management LLC bought a new stake in shares of StoneCo during the 4th quarter worth $35,000. Assetmark Inc. boosted its stake in shares of StoneCo by 773.6% during the 3rd quarter. Assetmark Inc. now owns 3,608 shares of the company’s stock worth $68,000 after acquiring an additional 3,195 shares in the last quarter. Finally, Quadrant Capital Group LLC bought a new stake in shares of StoneCo during the 3rd quarter worth $87,000. 73.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on STNE shares. Citigroup lowered StoneCo from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $18.00 to $11.00 in a research note on Friday, May 15th. Weiss Ratings reissued a “hold (c)” rating on shares of StoneCo in a research note on Tuesday, June 2nd. BTIG Research decreased their target price on StoneCo from $22.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, May 15th. JPMorgan Chase & Co. lowered their price target on StoneCo from $20.00 to $16.50 and set an “overweight” rating on the stock in a report on Wednesday, May 27th. Finally, Zacks Research upgraded StoneCo from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 3rd. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.58.

StoneCo Stock Performance

Shares of STNE stock opened at $10.57 on Tuesday. StoneCo Ltd. has a 1-year low of $9.45 and a 1-year high of $19.95. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 4.23, a P/E/G ratio of 0.19 and a beta of 1.73. The stock’s fifty day simple moving average is $12.32 and its 200-day simple moving average is $14.29.

StoneCo (NASDAQ:STNE) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. StoneCo had a return on equity of 21.05% and a net margin of 23.82%.The business had revenue of $141.16 million for the quarter, compared to the consensus estimate of $675.11 million. On average, sell-side analysts predict that StoneCo Ltd. will post 2.31 earnings per share for the current fiscal year.

StoneCo Announces Dividend

The firm also recently declared a special dividend, which was paid on Monday, May 4th. Stockholders of record on Friday, April 24th were issued a dividend of $2.53 per share. The ex-dividend date was Friday, April 24th.

StoneCo Profile

StoneCo Ltd., commonly known as Stone, is a Brazilian financial technology company that provides integrated digital payment solutions and related financial services to merchants. Through its cloud-based platform, Stone enables businesses of all sizes to accept a variety of payment methods, including point-of-sale (POS) terminals, mobile card readers and e-commerce gateways. In addition to payment acceptance, the company offers value-added services such as working capital loans, digital banking products and automated billing tools designed to help merchants manage cash flow and streamline operations.

Since its founding in 2012 by André Street and Eduardo Pontes, Stone has focused on serving over half a million merchants across Brazil’s retail, restaurant and services sectors.