Monaco Asset Management SAM Purchases New Shares in StoneCo Ltd. (NASDAQ:STNE)

Monaco Asset Management SAM purchased a new stake in StoneCo Ltd. (NASDAQ:STNE) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 175,000 shares of the company’s stock, valued at approximately $1,395,000. Monaco Asset Management SAM owned 0.06% of StoneCo at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Point72 Asset Management L.P. boosted its stake in StoneCo by 36.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 11,422,475 shares of the company’s stock valued at $128,617,000 after purchasing an additional 3,035,530 shares during the period. State Street Corp grew its position in StoneCo by 51.0% during the third quarter. State Street Corp now owns 7,972,037 shares of the company’s stock worth $89,765,000 after buying an additional 2,692,558 shares in the last quarter. Geode Capital Management LLC grew its position in StoneCo by 36.0% during the third quarter. Geode Capital Management LLC now owns 5,190,344 shares of the company’s stock worth $58,302,000 after buying an additional 1,374,788 shares in the last quarter. SPX Gestao de Recursos Ltda grew its position in StoneCo by 3,248.6% during the fourth quarter. SPX Gestao de Recursos Ltda now owns 1,813,588 shares of the company’s stock worth $14,454,000 after buying an additional 1,759,429 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in StoneCo by 37.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,689,839 shares of the company’s stock worth $19,028,000 after buying an additional 457,856 shares in the last quarter. 73.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

STNE has been the topic of a number of analyst reports. Citigroup reissued a “neutral” rating and set a $9.00 price target (down previously from $19.00) on shares of StoneCo in a research report on Thursday, January 16th. The Goldman Sachs Group decreased their price objective on shares of StoneCo from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Barclays decreased their price objective on shares of StoneCo from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $14.38.

StoneCo Stock Up 1.0 %

Shares of NASDAQ STNE opened at $9.22 on Friday. The company has a 50 day simple moving average of $9.04 and a 200 day simple moving average of $10.09. The firm has a market cap of $2.85 billion, a PE ratio of 7.20, a price-to-earnings-growth ratio of 0.41 and a beta of 2.33. StoneCo Ltd. has a 1 year low of $7.72 and a 1 year high of $17.93. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick 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.