Barclays PLC Invests $456,000 in StoneCo Ltd (STNE) Stock

Barclays PLC acquired a new position in StoneCo Ltd (NASDAQ:STNE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,777 shares of the company’s stock, valued at approximately $456,000.

Other large investors have also modified their holdings of the company. Victory Capital Management Inc. bought a new stake in shares of StoneCo in the fourth quarter valued at about $46,000. PNC Financial Services Group Inc. bought a new stake in shares of StoneCo in the fourth quarter valued at about $293,000. Dean Capital Investments Management LLC bought a new stake in shares of StoneCo in the fourth quarter valued at about $353,000. Loeb Partners Corp bought a new stake in shares of StoneCo in the fourth quarter valued at about $480,000. Finally, Geode Capital Management LLC bought a new stake in shares of StoneCo in the fourth quarter valued at about $1,463,000. Hedge funds and other institutional investors own 33.19% of the company’s stock.

NASDAQ:STNE traded up $1.68 during mid-day trading on Wednesday, hitting $26.82. The company’s stock had a trading volume of 10,149,540 shares, compared to its average volume of 3,239,445. StoneCo Ltd has a fifty-two week low of $16.14 and a fifty-two week high of $45.62. The firm has a market capitalization of $7.43 billion and a PE ratio of 81.27.

StoneCo (NASDAQ:STNE) last posted its quarterly earnings results on Monday, March 18th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The business had revenue of $139.04 million during the quarter, compared to analyst estimates of $116.87 million. Equities research analysts expect that StoneCo Ltd will post 0.83 earnings per share for the current fiscal year.

Several equities research analysts recently weighed in on the stock. Bank of America increased their target price on shares of StoneCo from $26.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Zacks Investment Research cut shares of StoneCo from a “buy” rating to a “hold” rating in a research note on Saturday, March 30th. Morgan Stanley reiterated an “overweight” rating and issued a $47.00 target price (up previously from $35.00) on shares of StoneCo in a research note on Thursday, March 21st. Finally, Citigroup cut shares of StoneCo from a “buy” rating to a “neutral” rating in a research note on Friday, April 5th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $35.27.

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StoneCo Company Profile

StoneCo Ltd. engages in the provision of financial technology solutions. It caters to merchants and partners that conduct electronic commerce across in-store, online, and mobile channels. It offers cloud-based technology platform, electronic payments, and automation of business processes at the point-of-sale.

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Institutional Ownership by Quarter for StoneCo (NASDAQ:STNE)

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