Fmr LLC Has $726,000 Holdings in StoneCo Ltd. (NASDAQ:STNE)

Fmr LLC raised its stake in shares of StoneCo Ltd. (NASDAQ:STNE) by 466.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 64,492 shares of the company’s stock after purchasing an additional 53,106 shares during the quarter. Fmr LLC’s holdings in StoneCo were worth $726,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Point72 Asset Management L.P. raised its stake in shares of StoneCo by 10.2% in the second quarter. Point72 Asset Management L.P. now owns 8,386,945 shares of the company’s stock valued at $100,559,000 after purchasing an additional 779,445 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of StoneCo by 204.1% in the 2nd quarter. Marshall Wace LLP now owns 7,741,662 shares of the company’s stock valued at $92,823,000 after purchasing an additional 5,195,787 shares during the period. Coronation Fund Managers Ltd. grew its position in shares of StoneCo by 43.4% during the 3rd quarter. Coronation Fund Managers Ltd. now owns 3,673,459 shares of the company’s stock worth $41,363,000 after buying an additional 1,111,065 shares during the period. Constellation Investimentos e Participacoes Ltda increased its stake in StoneCo by 30.0% in the third quarter. Constellation Investimentos e Participacoes Ltda now owns 3,047,576 shares of the company’s stock valued at $34,316,000 after purchasing an additional 703,249 shares in the last quarter. Finally, Truxt Investmentos Ltda. bought a new position in StoneCo during the third quarter worth about $31,695,000. 73.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

STNE has been the subject of a number of research analyst reports. Barclays reduced their target price on shares of StoneCo from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, November 18th. Cantor Fitzgerald upgraded shares of StoneCo to a “strong-buy” rating in a research note on Thursday, October 3rd. Susquehanna decreased their target price on shares of StoneCo from $22.00 to $19.00 and set a “positive” rating on the stock in a report on Wednesday, November 13th. Morgan Stanley restated an “underweight” rating and set a $7.00 price objective (down from $16.50) on shares of StoneCo in a research report on Thursday, September 5th. Finally, JPMorgan Chase & Co. lowered their price target on shares of StoneCo from $21.00 to $15.00 and set an “overweight” rating for the company in a report on Monday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.13.

StoneCo Price Performance

Shares of NASDAQ STNE opened at $8.71 on Wednesday. The firm has a fifty day simple moving average of $10.40 and a 200 day simple moving average of $11.81. StoneCo Ltd. has a twelve month low of $8.64 and a twelve month high of $19.46. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $2.69 billion, a PE ratio of 6.80, a P/E/G ratio of 0.35 and a beta of 2.21.

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.