Price T Rowe Associates Inc. MD buys 11,154 shares of StoneCo Ltd. (NASDAQ:STNE)

Price T Rowe Associates Inc. MD lifted its position in shares of StoneCo Ltd. (NASDAQ:STNE – Free Report) by 15.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,619 shares of the company’s stock after purchasing an additional 11,154 shares during the quarter. Holdings held by Price T Rowe Associates Inc. MD’s holdings in StoneCo were worth $1,389,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have recently modified their holdings of the company. Corient Private Wealth LLC raised its position in StoneCo by 2.1% in the 4th quarter. Corient Private Wealth LLC now owns 33,227 shares of the company’s stock worth $599,000 after buying an additional 692 shares in the last quarter . TrinityPoint Wealth LLC boosted its holdings in StoneCo by 11.1% in the fourth quarter. TrinityPoint Wealth LLC now owns 11,696 shares of the company’s stock valued at $211,000 after acquiring an additional 1,167 shares during the last quarter. Private Advisor Group LLC boosted its holdings in StoneCo by 4.2% in the 4th quarter. Private Advisor Group LLC now owns 32,874 shares of the company’s stock valued at $593,000 after buying an additional 1,329 shares in the last quarter. USA Financial Formulas bought a new position in shares of StoneCo in the 4th quarter valued at $26,000. Finally, Convergence Investment Partners LLC raised its position in shares of StoneCo by 9.2% in the fourth quarter. Convergence Investment Partners LLC now owns 19,014 shares of the company’s stock valued at $343,000 after acquiring an additional 1,608 shares in the last quarter. Institutional investors and hedge funds own 73.19% of the company’s shares.

Analyst upgrades and downgrades

STNE has been the subject of several recent analyst reports. UBS Group upgraded StoneCo from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $21.00 to $17.00 in a report on Monday, July 8th. Evercore ISI cut their price target on shares of StoneCo from $25.00 to $23.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Susquehanna decreased their price objective on shares of StoneCo from $23.00 to $22.00 and set a “positive” rating on the stock in a research report on Friday, April 19th. Barclays cut their price objective on shares of StoneCo from $16.00 to $14.00 and set an “equal weight” rating on the stock in a report on Thursday, August 1st. Finally, Goldman Sachs Group cut their price target on shares of StoneCo from $21.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, June 26th . One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.89, according to MarketBeat.com.

Read our latest report on STNE

StoneCo stocks up 3.8%

Shares of STNE opened at $13.19 on Friday. The stock has a market cap of $4.14 billion, a P/E ratio of 11.88, a P/E/G ratio of 0.31 and a beta of 2.32. StoneCo Ltd. has a 52 week low of $9.34 and a 52 week high of $19.46. The company has a quick ratio of 1.36, a current ratio of 1.36, and a debt-to-equity ratio of 0.25. The firm has a 50-day simple moving average of $12.72 and a 200-day simple moving average of $15.14.

StoneCo (NASDAQ:STNE – Get Your Free Report ) last posted its earnings results on Monday, May 13th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. StoneCo had a net margin of 14.08% and a return on equity of 12.35%. The business had revenue of $623.12 million for the quarter, compared to analysts’ expectations of $633.35 million. equities analysts anticipate that StoneCo Ltd. will post 1.46 earnings per share for the current fiscal year.

About StoneCo

(Free Report)

StoneCo Ltd. provides financial technology and software solutions to merchants and integrated partners to conduct e-commerce across in-store, online and mobile channels in Brazil. It distributes its solutions primarily through its proprietary Stone Hubs, which provide hyper-local sales and service; and sell solutions to physical and digital merchants through the sales team.

See Also

Want to see what other hedge funds own STNE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for StoneCo Ltd. (NASDAQ:STNE – Free Report).

Get news and reviews for StoneCo Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for StoneCo and related companies with MarketBeat.com’s FREE daily email newsletter.