Amundi Has $2.50 Million Stock Position in StoneCo Ltd. (NASDAQ:STNE)

Amundi raised its holdings in StoneCo Ltd. (NASDAQ:STNE) by 3.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 313,317 shares of the company’s stock after acquiring an additional 9,263 shares during the quarter. Amundi owned approximately 0.10% of StoneCo worth $2,497,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its position in StoneCo by 254.7% in the 4th quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company’s stock valued at $34,000 after acquiring an additional 3,056 shares during the period. Newbridge Financial Services Group Inc. increased its position in StoneCo by 166.7% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company’s stock valued at $51,000 after acquiring an additional 4,000 shares during the period. SBI Securities Co. Ltd. acquired a new position in StoneCo in the 4th quarter valued at approximately $56,000. KBC Group NV acquired a new stake in shares of StoneCo during the fourth quarter worth $73,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of StoneCo during the fourth quarter worth $101,000. 73.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

StoneCo Stock Up 5.4 %

StoneCo stock opened at $9.72 on Monday. StoneCo Ltd. has a 1-year low of $7.72 and a 1-year high of $17.93. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 7.59, a price-to-earnings-growth ratio of 0.41 and a beta of 2.33. The firm’s fifty day moving average price is $9.09 and its two-hundred day moving average price is $10.01. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.47.

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.