Tempus Wealth Planning LLC Takes Position in StoneCo Ltd. (NASDAQ:STNE)

Tempus Wealth Planning LLC bought a new stake in shares of StoneCo Ltd. (NASDAQ:STNE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,514 shares of the company’s stock, valued at approximately $124,000.

Several other institutional investors also recently made changes to their positions in the stock. Thrivent Financial for Lutherans grew its holdings in shares of StoneCo by 9.8% during the third quarter. Thrivent Financial for Lutherans now owns 19,877 shares of the company’s stock valued at $224,000 after purchasing an additional 1,773 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of StoneCo by 1.5% during the second quarter. The Manufacturers Life Insurance Company now owns 123,275 shares of the company’s stock worth $1,478,000 after buying an additional 1,848 shares during the period. Atria Investments Inc boosted its position in shares of StoneCo by 19.0% during the third quarter. Atria Investments Inc now owns 20,258 shares of the company’s stock worth $228,000 after buying an additional 3,241 shares during the period. Koa Wealth Management LLC boosted its position in shares of StoneCo by 2.1% during the third quarter. Koa Wealth Management LLC now owns 160,709 shares of the company’s stock worth $1,810,000 after buying an additional 3,289 shares during the period. Finally, Covestor Ltd boosted its position in shares of StoneCo by 40.9% during the third quarter. Covestor Ltd now owns 13,350 shares of the company’s stock worth $150,000 after buying an additional 3,878 shares during the period. 73.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on STNE shares. JPMorgan Chase & Co. reduced their price objective on StoneCo from $21.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Susquehanna reduced their price objective on StoneCo from $22.00 to $19.00 and set a “positive” rating for the company in a research report on Wednesday, November 13th. Barclays reduced their price objective on StoneCo from $12.00 to $10.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Finally, Citigroup restated a “neutral” rating and issued a $9.00 target price (down from $19.00) on shares of StoneCo in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.50.

StoneCo Price Performance

NASDAQ STNE opened at $9.39 on Wednesday. The stock has a market capitalization of $2.90 billion, a P/E ratio of 7.34, a P/E/G ratio of 0.37 and a beta of 2.25. StoneCo Ltd. has a 1 year low of $7.72 and a 1 year high of $19.46. The business’s fifty day moving average is $8.68 and its two-hundred day moving average is $10.77. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.42 and a current ratio of 1.42.

About StoneCo

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.