Skandinaviska Enskilda Banken AB publ Buys 1,800 Shares of StoneCo Ltd. (NASDAQ:STNE)

Skandinaviska Enskilda Banken AB publ boosted its stake in StoneCo Ltd. (NASDAQ:STNE) by 31.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,500 shares of the company’s stock after purchasing an additional 1,800 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in StoneCo were worth $59,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also 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 position in StoneCo in the 4th quarter valued at approximately $73,000. Finally, Proficio Capital Partners LLC acquired a new position in StoneCo in the 4th quarter valued at approximately $101,000. Institutional investors own 73.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on STNE shares. 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. 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. 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. 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 analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $14.38.

StoneCo Trading Down 3.3 %

NASDAQ:STNE opened at $9.85 on Wednesday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 7.70, a PEG ratio of 0.41 and a beta of 2.33. The firm has a fifty day simple moving average of $9.16 and a two-hundred day simple moving average of $9.96. StoneCo Ltd. has a 12 month low of $7.72 and a 12 month high of $17.93.

StoneCo 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.