one8zero8 LLC Takes $2.30 Million Position in StoneCo Ltd. (NASDAQ:STNE)

one8zero8 LLC acquired a new stake in StoneCo Ltd. (NASDAQ:STNE) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 288,950 shares of the company’s stock, valued at approximately $2,303,000. one8zero8 LLC owned about 0.09% of StoneCo as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans boosted its stake in StoneCo by 9.8% during the third quarter. Thrivent Financial for Lutherans now owns 19,877 shares of the company’s stock worth $224,000 after acquiring an additional 1,773 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in StoneCo by 31.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 7,500 shares of the company’s stock worth $59,000 after acquiring an additional 1,800 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in StoneCo by 254.7% during the fourth quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company’s stock worth $34,000 after acquiring an additional 3,056 shares in the last quarter. Atria Investments Inc boosted its stake in 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 acquiring an additional 3,241 shares in the last quarter. Finally, Koa Wealth Management LLC boosted its stake in 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 acquiring an additional 3,289 shares in the last quarter. 73.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on STNE. JPMorgan Chase & Co. cut their target price 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. The Goldman Sachs Group lowered their price objective on shares of StoneCo from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Barclays lowered their target price on shares of StoneCo from $12.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Finally, Citigroup reissued a “neutral” rating and set a $9.00 price objective (down from $19.00) on shares of StoneCo in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $14.38.

StoneCo Trading Up 5.4 %

Shares of StoneCo stock opened at $9.72 on Friday. StoneCo Ltd. has a 1 year low of $7.72 and a 1 year high of $17.93. The firm has a market cap of $3.00 billion, a PE ratio of 7.59, a P/E/G ratio of 0.41 and a beta of 2.33. The stock has a fifty day moving average price of $9.09 and a 200-day moving average price of $10.03. 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.