Swiss National Bank Has $3.64 Million Stock Position in StoneCo Ltd. (NASDAQ:STNE)

Swiss National Bank lessened its stake in StoneCo Ltd. (NASDAQ:STNE) by 20.0% in the fourth quarter, Holdings Channel reports. The firm owned 456,057 shares of the company’s stock after selling 114,000 shares during the quarter. Swiss National Bank’s holdings in StoneCo were worth $3,635,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Thrivent Financial for Lutherans raised its position in shares of StoneCo by 9.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 19,877 shares of the company’s stock valued at $224,000 after buying an additional 1,773 shares in the last quarter. Intech Investment Management LLC bought a new position in StoneCo in the third quarter valued at approximately $1,154,000. Citigroup Inc. grew its position in StoneCo by 584.9% in the third quarter. Citigroup Inc. now owns 1,339,972 shares of the company’s stock valued at $15,088,000 after acquiring an additional 1,144,341 shares during the last quarter. Independent Advisor Alliance grew its stake in shares of StoneCo by 23.7% during the third quarter. Independent Advisor Alliance now owns 36,295 shares of the company’s stock worth $409,000 after buying an additional 6,947 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in StoneCo by 18.8% in the third quarter. The Manufacturers Life Insurance Company now owns 146,442 shares of the company’s stock valued at $1,649,000 after purchasing an additional 23,167 shares during the last quarter. Institutional investors own 73.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Citigroup restated a “neutral” rating and issued a $9.00 price target (down from $19.00) on shares of StoneCo in a research report on Thursday, January 16th. The Goldman Sachs Group decreased their price target on StoneCo from $16.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Barclays raised their price target on shares of StoneCo from $10.00 to $12.00 and gave the stock an “equal weight” rating in a report on Friday, March 21st. JPMorgan Chase & Co. decreased their price target on shares of StoneCo from $21.00 to $15.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Finally, Wells Fargo & Company upgraded StoneCo from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, March 19th. One analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.50.

StoneCo Price Performance

StoneCo stock opened at $11.45 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42. StoneCo Ltd. has a one year low of $7.72 and a one year high of $17.93. The firm has a market capitalization of $3.54 billion, a P/E ratio of 8.95, a PEG ratio of 0.41 and a beta of 2.33. The business has a fifty day moving average price of $9.49 and a 200-day moving average price of $9.92.

StoneCo (NASDAQ:STNE) last issued its earnings results on Tuesday, March 18th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.32 by $0.07. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. The business had revenue of $582.20 million during the quarter, compared to the consensus estimate of $3.59 billion. As a group, equities research analysts forecast that StoneCo Ltd. will post 1.16 EPS for the current year.

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.