Barclays PLC boosted its position in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 170.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 440,682 shares of the company's stock after purchasing an additional 277,963 shares during the period. Barclays PLC owned approximately 0.14% of StoneCo worth $4,962,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd boosted its stake in StoneCo by 90.2% during the second quarter. Y.D. More Investments Ltd now owns 4,798 shares of the company's stock valued at $58,000 after buying an additional 2,275 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of StoneCo during the 3rd quarter valued at about $125,000. Point72 Hong Kong Ltd acquired a new position in shares of StoneCo in the 2nd quarter worth approximately $135,000. nVerses Capital LLC bought a new stake in shares of StoneCo in the 2nd quarter worth approximately $137,000. Finally, Covestor Ltd lifted its stake 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 purchasing an additional 3,878 shares during the last quarter. 73.19% of the stock is owned by institutional investors.
Several research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of StoneCo from $21.00 to $15.00 and set an "overweight" rating on the stock in a research report on Monday, December 16th. UBS Group upped their target price on StoneCo from $17.00 to $18.00 and gave the company a "buy" rating in a report on Thursday, August 29th. Susquehanna dropped their price target on StoneCo from $22.00 to $19.00 and set a "positive" rating on the stock in a research note on Wednesday, November 13th. Morgan Stanley reaffirmed an "underweight" rating and set a $7.00 price objective (down from $16.50) on shares of StoneCo in a research note on Thursday, September 5th. Finally, Barclays decreased their target price on shares of StoneCo from $13.00 to $12.00 and set an "equal weight" rating for the company in a report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, StoneCo presently has an average rating of "Moderate Buy" and a consensus target price of $16.13.
Get Our Latest Report on StoneCo
StoneCo stock opened at $8.20 on Friday. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 6.41, a P/E/G ratio of 0.35 and a beta of 2.21. The firm has a fifty day moving average price of $10.28 and a two-hundred day moving average price of $11.76. StoneCo Ltd. has a fifty-two week low of $7.89 and a fifty-two week high of $19.46. 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. 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.
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