Ninety One UK Ltd Has $62 Million Stock Holdings in StoneCo Ltd. $STNE

Ninety One UK Ltd lessened its holdings in shares of StoneCo Ltd. (NASDAQ:STNE) by 1.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,192,190 shares of the company’s stock after selling 42,061 shares during the quarter. Ninety One UK Ltd’s holdings in StoneCo were worth $62,002,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in STNE. Qube Research & Technologies Ltd acquired a new position in shares of StoneCo during the 3rd quarter worth about $58,017,000. Ninety One North America Inc. lifted its position in shares of StoneCo by 237.3% during the 3rd quarter. Ninety One North America Inc. now owns 1,593,080 shares of the company’s stock worth $30,125,000 after purchasing an additional 1,120,715 shares during the last quarter. Man Group plc acquired a new position in shares of StoneCo during the 2nd quarter worth about $13,329,000. Arrowstreet Capital Limited Partnership increased its stake in StoneCo by 91.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,431,208 shares of the company’s stock valued at $27,064,000 after acquiring an additional 684,332 shares during the period. Finally, Truxt Investmentos Ltda. bought a new position in StoneCo during the third quarter valued at about $12,116,000. Institutional investors and hedge funds own 73.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on STNE shares. Zacks Research upgraded StoneCo from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. UBS Group lowered their price target on StoneCo from $19.50 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, March 11th. Santander lowered StoneCo from an “outperform” rating to a “neutral” rating in a research note on Thursday, January 29th. JPMorgan Chase & Co. lowered their price target on StoneCo from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, The Goldman Sachs Group lowered their price target on StoneCo from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, January 27th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $19.29.

StoneCo Trading Down 1.2%

STNE stock opened at $15.10 on Friday. StoneCo Ltd. has a 1-year low of $11.95 and a 1-year high of $19.95. The firm has a market cap of $4.32 billion, a P/E ratio of 9.87, a P/E/G ratio of 0.33 and a beta of 1.89. The business’s 50 day moving average is $15.05 and its 200-day moving average is $15.91. The company has a current ratio of 1.37, a quick ratio of 1.43 and a debt-to-equity ratio of 0.81.

StoneCo (NASDAQ:STNE) last released its quarterly earnings data on Tuesday, March 3rd. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. StoneCo had a return on equity of 21.55% and a net margin of 15.38%.The company had revenue of $675.42 million for the quarter, compared to analyst estimates of $704.26 million. Equities analysts anticipate that StoneCo Ltd. will post 1.16 earnings per share for the current fiscal year.

StoneCo Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Monday, May 4th. Stockholders of record on Friday, April 24th will be paid a $2.53 dividend. The ex-dividend date is Friday, April 24th.

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.