Verde Servicos Internacionais S.A. Has $534,000 Stake in StoneCo Ltd. (NASDAQ:STNE)

Verde Servicos Internacionais S.A. raised its holdings in shares of StoneCo Ltd. (NASDAQ:STNE) by 68.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 67,000 shares of the company’s stock after buying an additional 27,128 shares during the quarter. StoneCo accounts for about 0.2% of Verde Servicos Internacionais S.A.’s portfolio, making the stock its 27th biggest holding. Verde Servicos Internacionais S.A.’s holdings in StoneCo were worth $534,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of STNE. Point72 Asset Management L.P. raised its stake in StoneCo by 36.2% during 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 last quarter. State Street Corp raised its holdings in StoneCo by 51.0% in the 3rd quarter. State Street Corp now owns 7,972,037 shares of the company’s stock valued at $89,765,000 after acquiring an additional 2,692,558 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of StoneCo by 36.0% in the 3rd quarter. Geode Capital Management LLC now owns 5,190,344 shares of the company’s stock worth $58,302,000 after acquiring an additional 1,374,788 shares during the period. Coronation Fund Managers Ltd. grew its holdings in shares of StoneCo by 43.4% during the 3rd quarter. Coronation Fund Managers Ltd. now owns 3,673,459 shares of the company’s stock worth $41,363,000 after purchasing an additional 1,111,065 shares in the last quarter. Finally, Constellation Investimentos e Participacoes Ltda increased its position in shares of StoneCo by 30.0% during the third quarter. Constellation Investimentos e Participacoes Ltda now owns 3,047,576 shares of the company’s stock valued at $34,316,000 after purchasing an additional 703,249 shares during the period. 73.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on STNE shares. Susquehanna dropped their price objective on shares of StoneCo from $22.00 to $19.00 and set a “positive” rating for the company in a research note on Wednesday, November 13th. Citigroup reissued a “neutral” rating and issued a $9.00 target price (down from $19.00) on shares of StoneCo in a report on Thursday, January 16th. Barclays cut their price objective on StoneCo from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Monday, November 18th. JPMorgan Chase & Co. lowered their target price on shares of StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Finally, Cantor Fitzgerald raised shares of StoneCo to a “strong-buy” rating in a report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $14.75.

StoneCo Price Performance

STNE opened at $8.91 on Tuesday. 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’s 50 day simple moving average is $8.78 and its 200-day simple moving average is $10.95. StoneCo Ltd. has a one year low of $7.72 and a one year high of $19.46. The stock has a market capitalization of $2.75 billion, a P/E ratio of 6.96, a price-to-earnings-growth ratio of 0.34 and a beta of 2.23.

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.