Jones Financial Companies Lllp Purchases 3,056 Shares of StoneCo Ltd. (NASDAQ:STNE)

Jones Financial Companies Lllp lifted its position in shares of StoneCo Ltd. (NASDAQ:STNE) by 254.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,256 shares of the company’s stock after purchasing an additional 3,056 shares during the period. Jones Financial Companies Lllp’s holdings in StoneCo were worth $34,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. lifted its stake in shares of StoneCo by 166.7% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company’s stock worth $51,000 after acquiring an additional 4,000 shares during the period. KBC Group NV acquired a new position in shares of StoneCo in the fourth quarter worth approximately $73,000. Proficio Capital Partners LLC acquired a new position in shares of StoneCo in the fourth quarter worth approximately $101,000. Metis Global Partners LLC acquired a new position in shares of StoneCo in the fourth quarter worth approximately $115,000. Finally, Tempus Wealth Planning LLC acquired a new position in shares of StoneCo in the fourth quarter worth approximately $124,000. 73.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on STNE shares. Wells Fargo & Company raised StoneCo from an “equal weight” rating to an “overweight” rating in a research note on Wednesday. Citigroup reissued a “neutral” rating and issued a $9.00 price target (down from $19.00) on shares of StoneCo in a research note on Thursday, January 16th. The Goldman Sachs Group dropped their price target on StoneCo from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Barclays dropped their price target 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. dropped their price target on StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $14.38.

StoneCo Stock Up 15.5 %

Shares of NASDAQ:STNE opened at $11.38 on Thursday. The company has a market capitalization of $3.52 billion, a PE ratio of 8.89, a price-to-earnings-growth ratio of 0.41 and a beta of 2.33. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42. The business has a fifty day moving average price of $9.23 and a two-hundred day moving average price of $9.97. StoneCo Ltd. has a 1 year low of $7.72 and a 1 year high of $17.93.

StoneCo (NASDAQ:STNE) last issued its quarterly earnings results on Tuesday, March 18th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. The firm had revenue of $582.20 million for the quarter, compared to analysts’ expectations of $3.59 billion. Analysts forecast that StoneCo Ltd. will post 1.16 earnings per share for the current year.

StoneCo 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.