StoneCo Ltd. $STNE Stock Position Raised by Strs Ohio

Strs Ohio increased its position in StoneCo Ltd. (NASDAQ:STNE) by 200.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 45,600 shares of the company’s stock after purchasing an additional 30,400 shares during the period. Strs Ohio’s holdings in StoneCo were worth $862,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in STNE. Azora Capital LP boosted its position in shares of StoneCo by 88.2% in the second quarter. Azora Capital LP now owns 4,863,331 shares of the company’s stock worth $78,008,000 after buying an additional 2,279,821 shares during the period. Ninety One UK Ltd lifted its stake in StoneCo by 218.4% in the 3rd quarter. Ninety One UK Ltd now owns 4,234,251 shares of the company’s stock worth $80,070,000 after acquiring an additional 2,904,432 shares in the last quarter. Norges Bank acquired a new stake in StoneCo during the 2nd quarter worth about $44,366,000. Tekne Capital Management LLC purchased a new position in StoneCo during the 2nd quarter valued at about $35,288,000. Finally, Marshall Wace LLP acquired a new position in shares of StoneCo in the 2nd quarter valued at about $34,768,000. 73.19% of the stock is owned by institutional investors and hedge funds.

StoneCo Stock Up 2.4%

STNE stock opened at $16.99 on Thursday. The firm has a market cap of $4.86 billion, a PE ratio of -31.46, a PEG ratio of 0.29 and a beta of 1.83. StoneCo Ltd. has a 1 year low of $8.64 and a 1 year high of $19.95. The company has a fifty day simple moving average of $15.15 and a 200 day simple moving average of $16.14. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.72.

StoneCo (NASDAQ:STNE) last posted its earnings results on Thursday, November 6th. The company reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. StoneCo had a positive return on equity of 20.18% and a negative net margin of 7.28%.The company had revenue of $669.49 million for the quarter, compared to analyst estimates of $669.81 million. Sell-side analysts anticipate that StoneCo Ltd. will post 1.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

STNE has been the subject of several research reports. Santander cut shares of StoneCo from an “outperform” rating to a “neutral” rating in a report on Thursday. Wall Street Zen cut shares of StoneCo from a “buy” rating to a “hold” rating in a report on Monday, October 27th. The Goldman Sachs Group dropped their price target on shares of StoneCo from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday. Weiss Ratings reiterated a “sell (d+)” rating on shares of StoneCo in a report on Thursday, January 22nd. Finally, Zacks Research downgraded StoneCo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 16th. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, StoneCo has an average rating of “Hold” and a consensus target price of $16.86.

StoneCo Company 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.