StoneCo Ltd. (NASDAQ:STNE) Holdings Boosted by Constellation Investimentos e Participacoes Ltda

Constellation Investimentos e Participacoes Ltda boosted its holdings in shares of StoneCo Ltd. (NASDAQ:STNE) by 57.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,344,327 shares of the company’s stock after purchasing an additional 856,552 shares during the quarter. StoneCo comprises 14.0% of Constellation Investimentos e Participacoes Ltda’s portfolio, making the stock its 3rd biggest holding. Constellation Investimentos e Participacoes Ltda owned 0.75% of StoneCo worth $28,108,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Corient Private Wealth LLC lifted its holdings in shares of StoneCo by 2.1% in the fourth quarter. Corient Private Wealth LLC now owns 33,227 shares of the company’s stock worth $599,000 after buying an additional 692 shares in the last quarter. TrinityPoint Wealth LLC grew its holdings in StoneCo by 11.1% during the 4th quarter. TrinityPoint Wealth LLC now owns 11,696 shares of the company’s stock valued at $211,000 after buying an additional 1,167 shares in the last quarter. Private Advisor Group LLC increased its position in StoneCo by 4.2% in the fourth quarter. Private Advisor Group LLC now owns 32,874 shares of the company’s stock worth $593,000 after purchasing an additional 1,329 shares during the last quarter. USA Financial Formulas purchased a new position in shares of StoneCo in the 4th quarter worth approximately $26,000. Finally, New York State Common Retirement Fund lifted its position in StoneCo by 1.6% in the fourth quarter. New York State Common Retirement Fund now owns 116,700 shares of the company’s stock worth $2,104,000 after buying an additional 1,826 shares during the last quarter. 73.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on STNE. Morgan Stanley reissued an “underweight” rating and set a $7.00 price target (down previously from $16.50) on shares of StoneCo in a research report on Thursday. Evercore ISI decreased their price target on StoneCo from $25.00 to $23.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. The Goldman Sachs Group dropped their price target on StoneCo from $21.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, June 26th. UBS Group upped their price target on shares of StoneCo from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Finally, Barclays dropped their price objective on shares of StoneCo from $16.00 to $14.00 and set an “equal weight” rating on the stock in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.80.

StoneCo Stock Down 3.8 %

Shares of STNE stock opened at $12.61 on Thursday. StoneCo Ltd. has a twelve month low of $9.34 and a twelve month high of $19.46. The stock has a market cap of $3.96 billion, a P/E ratio of 11.36, a P/E/G ratio of 0.47 and a beta of 2.31. The stock has a 50 day moving average of $13.13 and a 200 day moving average of $14.62. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.41.

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.