Tidal Investments LLC Makes New $567,000 Investment in StoneCo Ltd. (NASDAQ:STNE)

Tidal Investments LLC acquired a new stake in StoneCo Ltd. (NASDAQ:STNE) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 50,346 shares of the company’s stock, valued at approximately $567,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Y.D. More Investments Ltd lifted its position in shares of StoneCo by 90.2% during the 2nd quarter. Y.D. More Investments Ltd now owns 4,798 shares of the company’s stock valued at $58,000 after acquiring an additional 2,275 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in StoneCo during the third quarter worth $125,000. Point72 Hong Kong Ltd purchased a new stake in StoneCo during the second quarter worth $135,000. nVerses Capital LLC purchased a new stake in StoneCo during the second quarter worth $137,000. Finally, Covestor Ltd grew its holdings in StoneCo by 40.9% in the third quarter. Covestor Ltd now owns 13,350 shares of the company’s stock valued at $150,000 after purchasing an additional 3,878 shares during the last quarter. Hedge funds and other institutional investors own 73.19% of the company’s stock.

StoneCo Price Performance

Shares of NASDAQ:STNE opened at $8.20 on Monday. The business has a fifty day simple moving average of $10.23 and a 200-day simple moving average of $11.71. StoneCo Ltd. has a 52 week low of $7.89 and a 52 week high of $19.46. The company has a market cap of $2.53 billion, a P/E ratio of 6.41, a P/E/G ratio of 0.35 and a beta of 2.21. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47.

Analyst Ratings Changes

Several research firms recently commented on STNE. Barclays decreased their price objective on shares of StoneCo from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Monday, November 18th. Susquehanna lowered their price target on shares of StoneCo from $22.00 to $19.00 and set a “positive” rating on the stock in a research report on Wednesday, November 13th. UBS Group upped their target price on StoneCo from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. JPMorgan Chase & Co. dropped their price target on StoneCo from $21.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Finally, Cantor Fitzgerald upgraded StoneCo to a “strong-buy” rating in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.13.

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.