6,994 Shares in StoneCo Ltd. (NASDAQ:STNE) Bought by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. purchased a new position in shares of StoneCo Ltd. (NASDAQ:STNE) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 6,994 shares of the company’s stock, valued at approximately $56,000.

Several other institutional investors and hedge funds have also bought and sold shares of STNE. Jones Financial Companies Lllp grew its stake in StoneCo by 254.7% in the fourth 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 during the period. Newbridge Financial Services Group Inc. boosted its stake 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 buying an additional 4,000 shares during the last quarter. KBC Group NV purchased a new position in StoneCo in the fourth quarter worth $73,000. Proficio Capital Partners LLC purchased a new position in shares of StoneCo in the 4th quarter worth about $101,000. Finally, Covestor Ltd grew its position in StoneCo by 40.9% during the third quarter. Covestor Ltd now owns 13,350 shares of the company’s stock valued at $150,000 after buying an additional 3,878 shares during the period. 73.19% of the stock is owned by institutional investors.

StoneCo Price Performance

StoneCo stock opened at $9.26 on Tuesday. 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 $2.86 billion, a P/E ratio of 7.23, a PEG ratio of 0.41 and a beta of 2.33. The business has a fifty day moving average price of $8.96 and a 200-day moving average price of $10.16.

Wall Street Analyst Weigh In

STNE has been the topic of several research reports. The Goldman Sachs Group lowered their price objective on shares of StoneCo from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Citigroup reaffirmed a “neutral” rating and issued a $9.00 price target (down previously from $19.00) on shares of StoneCo in a report on Thursday, January 16th. Susquehanna decreased their target price on StoneCo from $22.00 to $19.00 and set a “positive” rating for the company in a research report on Wednesday, November 13th. Barclays lowered their target price on StoneCo from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. cut their price target on StoneCo from $21.00 to $15.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus 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.