SG Americas Securities LLC Has $4.35 Million Stock Position in StoneCo Ltd. $STNE

SG Americas Securities LLC lifted its stake in StoneCo Ltd. (NASDAQ:STNE) by 206.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 294,213 shares of the company’s stock after buying an additional 198,314 shares during the period. SG Americas Securities LLC owned about 0.10% of StoneCo worth $4,351,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Advisory Services Network LLC bought a new stake in StoneCo in the third quarter valued at $37,000. USA Financial Formulas bought a new position in shares of StoneCo during the third quarter valued at $55,000. TD Waterhouse Canada Inc. bought a new position in shares of StoneCo during the third quarter valued at $55,000. Richardson Financial Services Inc. boosted its stake in shares of StoneCo by 64.2% in the 3rd quarter. Richardson Financial Services Inc. now owns 2,943 shares of the company’s stock valued at $56,000 after purchasing an additional 1,151 shares in the last quarter. Finally, Concord Wealth Partners acquired a new stake in shares of StoneCo in the 3rd quarter valued at $60,000. Institutional investors own 73.19% of the company’s stock.

StoneCo Stock Performance

Shares of NASDAQ:STNE opened at $14.36 on Thursday. The business has a fifty day moving average of $15.55 and a 200-day moving average of $16.27. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.43 and a current ratio of 1.37. StoneCo Ltd. has a twelve month low of $9.83 and a twelve month high of $19.95. The firm has a market cap of $4.11 billion, a PE ratio of 9.39, a price-to-earnings-growth ratio of 0.31 and a beta of 1.78.

StoneCo (NASDAQ:STNE) last issued its quarterly earnings results on Monday, March 2nd. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. The business had revenue of $675.42 million for the quarter, compared to the consensus estimate of $704.26 million. StoneCo had a net margin of 15.38% and a return on equity of 21.55%. On average, equities research analysts predict that StoneCo Ltd. will post 1.16 EPS for the current fiscal year.

Analyst Ratings Changes

STNE has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of StoneCo from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, March 5th. UBS Group reduced their price target on shares of StoneCo from $19.50 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, March 11th. Zacks Research raised shares of StoneCo from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. BTIG Research reiterated a “buy” rating and issued a $22.00 target price on shares of StoneCo in a research note on Tuesday, March 3rd. Finally, Santander downgraded StoneCo from an “outperform” rating to a “neutral” rating in a report on Thursday, January 29th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $19.07.

About StoneCo

StoneCo Ltd., commonly known as Stone, is a Brazilian financial technology company that provides integrated digital payment solutions and related financial services to merchants. Through its cloud-based platform, Stone enables businesses of all sizes to accept a variety of payment methods, including point-of-sale (POS) terminals, mobile card readers and e-commerce gateways. In addition to payment acceptance, the company offers value-added services such as working capital loans, digital banking products and automated billing tools designed to help merchants manage cash flow and streamline operations.

Since its founding in 2012 by André Street and Eduardo Pontes, Stone has focused on serving over half a million merchants across Brazil’s retail, restaurant and services sectors.