Amundi Purchases 9,263 Shares of StoneCo Ltd. (NASDAQ:STNE)

Amundi lifted its position in shares of StoneCo Ltd. (NASDAQ:STNE) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 313,317 shares of the company’s stock after purchasing an additional 9,263 shares during the period. Amundi’s holdings in StoneCo were worth $2,497,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in STNE. Point72 Asset Management L.P. lifted its position in shares of StoneCo by 36.2% during the third quarter. Point72 Asset Management L.P. now owns 11,422,475 shares of the company’s stock valued at $128,617,000 after purchasing an additional 3,035,530 shares in the last quarter. State Street Corp lifted its position in shares of StoneCo by 51.0% during the third quarter. State Street Corp now owns 7,972,037 shares of the company’s stock valued at $89,765,000 after purchasing an additional 2,692,558 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of StoneCo by 36.0% during the third quarter. Geode Capital Management LLC now owns 5,190,344 shares of the company’s stock valued at $58,302,000 after purchasing an additional 1,374,788 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of StoneCo by 327.4% during the third quarter. JPMorgan Chase & Co. now owns 1,580,679 shares of the company’s stock valued at $17,798,000 after purchasing an additional 1,210,817 shares in the last quarter. Finally, Citigroup Inc. lifted its position in shares of StoneCo by 584.9% during the third quarter. Citigroup Inc. now owns 1,339,972 shares of the company’s stock valued at $15,088,000 after purchasing an additional 1,144,341 shares in the last quarter. 73.19% of the stock is owned by institutional investors.

StoneCo Price Performance

STNE opened at $9.72 on Monday. The firm has a 50-day moving average price of $9.09 and a 200-day moving average price of $10.01. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 7.59, a PEG ratio of 0.41 and a beta of 2.33. StoneCo Ltd. has a twelve month low of $7.72 and a twelve month high of $17.93. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47.

Analyst Ratings Changes

A number of research firms recently issued reports on STNE. JPMorgan Chase & Co. decreased their price objective on shares of StoneCo from $21.00 to $15.00 and set an “overweight” rating for the company in a report on Monday, December 16th. The Goldman Sachs Group decreased their price objective on shares of StoneCo from $16.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Citigroup restated a “neutral” rating and set a $9.00 price objective (down previously from $19.00) on shares of StoneCo in a report on Thursday, January 16th. Finally, Barclays decreased their price objective on shares of StoneCo from $12.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $14.38.

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.