Claret Asset Management Corp Acquires 5,000 Shares of StoneCo Ltd. (NASDAQ:STNE)

Claret Asset Management Corp raised its holdings in shares of StoneCo Ltd. (NASDAQ:STNE) by 49.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 15,100 shares of the company’s stock after acquiring an additional 5,000 shares during the quarter. Claret Asset Management Corp’s holdings in StoneCo were worth $120,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Jones Financial Companies Lllp lifted its stake in StoneCo by 254.7% during the 4th quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company’s stock valued at $34,000 after acquiring an additional 3,056 shares during the period. Sterling Capital Management LLC raised its position in StoneCo by 627.0% in the fourth quarter. Sterling Capital Management LLC now owns 4,551 shares of the company’s stock worth $36,000 after acquiring an additional 3,925 shares during the period. Newbridge Financial Services Group Inc. boosted its stake in shares of StoneCo by 166.7% during the 4th 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 last quarter. SBI Securities Co. Ltd. bought a new stake in shares of StoneCo during the 4th quarter valued at $56,000. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in shares of StoneCo by 31.6% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 7,500 shares of the company’s stock worth $59,000 after purchasing an additional 1,800 shares in the last quarter. Hedge funds and other institutional investors own 73.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on STNE. Citigroup reaffirmed a “neutral” rating and set a $9.00 price objective (down from $19.00) on shares of StoneCo in a research report on Thursday, January 16th. Wells Fargo & Company upgraded shares of StoneCo from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, March 19th. The Goldman Sachs Group lowered their price objective on StoneCo from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Barclays upped their target price on shares of StoneCo from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Friday, March 21st. Finally, Morgan Stanley lifted their target price on StoneCo from $5.70 to $6.00 and gave the stock an “underweight” rating in a report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, StoneCo presently has an average rating of “Moderate Buy” and a consensus price target of $14.50.

StoneCo Stock Performance

STNE opened at $12.26 on Friday. The stock has a market cap of $3.79 billion, a P/E ratio of 9.58, a P/E/G ratio of 0.41 and a beta of 2.05. 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 firm has a fifty day moving average price of $10.39 and a 200 day moving average price of $9.90. StoneCo Ltd. has a 1 year low of $7.72 and a 1 year high of $17.09.

StoneCo (NASDAQ:STNE) last issued its quarterly earnings results on Tuesday, March 18th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.32 by $0.07. The company had revenue of $582.20 million during the quarter, compared to analyst estimates of $3.59 billion. StoneCo had a net margin of 16.02% and a return on equity of 13.92%. Equities research analysts anticipate 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.