Convergence Investment Partners LLC Boosts Stock Position in StoneCo Ltd. (NASDAQ:STNE)

Convergence Investment Partners LLC increased its position in StoneCo Ltd. (NASDAQ:STNE) by 9.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,014 shares of the company’s stock after acquiring an additional 1,608 shares during the quarter. Convergence Investment Partners LLC’s holdings in StoneCo were worth $343,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in STNE. Diversified Trust Co increased its stake in shares of StoneCo by 3.3% in the fourth quarter. Diversified Trust Co now owns 35,547 shares of the company’s stock worth $641,000 after purchasing an additional 1,151 shares in the last quarter. McGlone Suttner Wealth Management Inc. purchased a new stake in StoneCo in the 4th quarter worth $26,000. Amalgamated Bank raised its holdings in StoneCo by 4.3% during the third quarter. Amalgamated Bank now owns 39,124 shares of the company’s stock valued at $417,000 after acquiring an additional 1,621 shares during the period. Oppenheimer & Co. Inc. lifted its position in shares of StoneCo by 3.5% in the third quarter. Oppenheimer & Co. Inc. now owns 53,943 shares of the company’s stock valued at $576,000 after acquiring an additional 1,821 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its stake in shares of StoneCo by 1.6% in the fourth quarter. New York State Common Retirement Fund now owns 116,700 shares of the company’s stock worth $2,104,000 after acquiring an additional 1,826 shares during the period. Institutional investors own 73.19% of the company’s stock.

StoneCo Stock Up 5.0 %

Shares of NASDAQ:STNE opened at $16.35 on Monday. The company has a market cap of $5.14 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 0.60 and a beta of 2.35. StoneCo Ltd. has a 12 month low of $9.34 and a 12 month 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. The company has a 50-day moving average price of $16.50 and a 200 day moving average price of $15.60.

StoneCo (NASDAQ:STNE) last released its earnings results on Monday, March 18th. The company reported $0.36 earnings per share for the quarter, beating 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 firm had revenue of $655.87 million for the quarter, compared to the consensus estimate of $468.47 million. As a group, equities research analysts predict that StoneCo Ltd. will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

STNE has been the topic of a number of research analyst reports. Barclays boosted their price target on StoneCo from $14.00 to $17.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 16th. Citigroup boosted their target price on shares of StoneCo from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Susquehanna cut their price objective on StoneCo from $23.00 to $22.00 and set a “positive” rating for the company in a research report on Friday, April 19th. UBS Group cut StoneCo from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $18.00 to $21.00 in a report on Thursday, February 1st. Finally, The Goldman Sachs Group raised StoneCo from a “neutral” rating to a “buy” rating and increased their price target for the company from $12.00 to $21.00 in a research note on Monday, January 22nd. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, StoneCo currently has a consensus rating of “Moderate Buy” and an average target price 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.