MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Stock Position in StoneCo Ltd. (NASDAQ:STNE)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of StoneCo Ltd. (NASDAQ:STNE) by 8.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 915,429 shares of the company’s stock after buying an additional 74,809 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.30% of StoneCo worth $7,295,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in STNE. Barclays PLC increased its stake in StoneCo by 170.8% in the third quarter. Barclays PLC now owns 440,682 shares of the company’s stock valued at $4,962,000 after purchasing an additional 277,963 shares during the last quarter. Commons Capital LLC acquired a new stake in shares of StoneCo during the fourth quarter worth $383,000. Asset Management One Co. Ltd. lifted its holdings in shares of StoneCo by 34.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 45,569 shares of the company’s stock worth $373,000 after purchasing an additional 11,605 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of StoneCo by 7.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,696,729 shares of the company’s stock worth $13,523,000 after purchasing an additional 116,050 shares during the period. Finally, HighTower Advisors LLC acquired a new stake in shares of StoneCo during the fourth quarter worth $312,000. 73.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Wells Fargo & Company raised StoneCo from an “equal weight” rating to an “overweight” rating in a report on Wednesday, March 19th. Morgan Stanley increased their price target on StoneCo from $5.70 to $6.00 and gave the stock an “underweight” rating in a report on Friday, March 21st. Barclays increased their price target on StoneCo from $13.00 to $15.00 and gave the stock an “equal weight” rating in a report on Monday, May 12th. The Goldman Sachs Group reduced their target price on StoneCo from $16.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Finally, Citigroup raised StoneCo from a “neutral” rating to a “buy” rating and raised their target price for the company from $9.00 to $15.00 in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.63.

StoneCo Price Performance

StoneCo stock opened at $13.36 on Friday. StoneCo Ltd. has a one year low of $7.72 and a one year high of $15.23. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.42 and a current ratio of 1.42. The business has a fifty day moving average of $11.98 and a two-hundred day moving average of $10.22. The company has a market cap of $3.82 billion, a P/E ratio of 10.44, a price-to-earnings-growth ratio of 0.41 and a beta of 2.01.

StoneCo (NASDAQ:STNE) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. The business had revenue of $625.86 million during the quarter, compared to analysts’ expectations of $3.68 billion. As a group, analysts predict that StoneCo Ltd. will post 1.16 earnings per share for the current fiscal 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.