Newbridge Financial Services Group Inc. Purchases 4,000 Shares of StoneCo Ltd. (NASDAQ:STNE)

Newbridge Financial Services Group Inc. lifted its position in StoneCo Ltd. (NASDAQ:STNE) by 166.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,400 shares of the company’s stock after buying an additional 4,000 shares during the period. Newbridge Financial Services Group Inc.’s holdings in StoneCo were worth $51,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. KBC Group NV bought a new stake in shares of StoneCo in the 4th quarter valued at $73,000. Tempus Wealth Planning LLC bought a new stake in shares of StoneCo in the 4th quarter valued at $124,000. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of StoneCo in the 3rd quarter valued at $125,000. Covestor Ltd increased its position in shares of StoneCo by 40.9% in the 3rd quarter. Covestor Ltd now owns 13,350 shares of the company’s stock valued at $150,000 after buying an additional 3,878 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of StoneCo in the 3rd quarter valued at $156,000. Institutional investors own 73.19% of the company’s stock.

StoneCo Trading Up 1.3 %

StoneCo stock opened at $9.57 on Wednesday. The firm has a 50-day moving average of $8.62 and a 200-day moving average of $10.63. StoneCo Ltd. has a one year low of $7.72 and a one year high of $18.19. 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 company has a market cap of $2.96 billion, a price-to-earnings ratio of 7.48, a P/E/G ratio of 0.37 and a beta of 2.25.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on STNE shares. Barclays lowered their target price on StoneCo from $12.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their target price on StoneCo from $21.00 to $15.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Citigroup reiterated a “neutral” rating and set a $9.00 target price (down previously from $19.00) on shares of StoneCo in a report on Thursday, January 16th. Susquehanna lowered their target price on StoneCo from $22.00 to $19.00 and set a “positive” rating for the company in a report on Wednesday, November 13th. Finally, The Goldman Sachs Group lowered their target price on StoneCo from $16.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $14.38.

StoneCo Company 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.