Point72 Asset Management L.P. Has $111.23 Million Stock Position in StoneCo Ltd. (NASDAQ:STNE)

Point72 Asset Management L.P. increased its position in shares of StoneCo Ltd. (NASDAQ:STNE) by 22.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,956,554 shares of the company’s stock after purchasing an additional 2,534,079 shares during the period. Point72 Asset Management L.P. owned about 4.52% of StoneCo worth $111,234,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of STNE. Jones Financial Companies Lllp boosted its position in shares of StoneCo by 254.7% during the 4th quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company’s stock valued at $34,000 after acquiring an additional 3,056 shares in the last quarter. Sterling Capital Management LLC boosted its stake in shares of StoneCo by 627.0% in the 4th quarter. Sterling Capital Management LLC now owns 4,551 shares of the company’s stock valued at $36,000 after purchasing an additional 3,925 shares in the last quarter. Newbridge Financial Services Group Inc. grew its holdings in shares of StoneCo by 166.7% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company’s stock worth $51,000 after purchasing an additional 4,000 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in StoneCo during the 4th quarter valued at about $56,000. Finally, Skandinaviska Enskilda Banken AB publ grew its stake in StoneCo by 31.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 7,500 shares of the company’s stock worth $59,000 after buying an additional 1,800 shares during the last quarter. Institutional investors and hedge funds own 73.19% of the company’s stock.

StoneCo Trading Up 0.7%

NASDAQ STNE opened at $13.99 on Thursday. StoneCo Ltd. has a 12 month low of $7.72 and a 12 month high of $15.64. The stock has a 50-day simple moving average of $11.82 and a 200 day simple moving average of $10.21. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $4.00 billion, a PE ratio of 10.93, a P/E/G ratio of 0.41 and a beta of 2.01.

StoneCo (NASDAQ:STNE) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. StoneCo had a net margin of 16.02% and a return on equity of 13.92%. The firm had revenue of $625.86 million during the quarter, compared to analysts’ expectations of $3.68 billion. Research analysts forecast that StoneCo Ltd. will post 1.16 EPS for the current year.

Wall Street Analysts Forecast Growth

STNE has been the topic of several recent analyst reports. The Goldman Sachs Group reduced their target price on StoneCo from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Morgan Stanley increased their price objective on shares of StoneCo from $5.70 to $6.00 and gave the stock an “underweight” rating in a report on Friday, March 21st. Barclays increased their price target on shares of StoneCo from $13.00 to $15.00 and gave the company an “equal weight” rating in a research note on Monday. Wells Fargo & Company upgraded StoneCo from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, March 19th. Finally, Citigroup raised StoneCo from a “neutral” rating to a “buy” rating and upped their price target for the company from $9.00 to $15.00 in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.63.

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.