Dupree Financial Group LLC bought a new stake in StoneCo Ltd. (NASDAQ:STNE – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 376,540 shares of the company’s stock, valued at approximately $4,240,000. StoneCo accounts for approximately 1.7% of Dupree Financial Group LLC’s portfolio, making the stock its 22nd biggest holding. Dupree Financial Group LLC owned 0.12% of StoneCo as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently made changes to their positions in STNE. Diversified Trust Co boosted its stake in shares of StoneCo by 7.3% during the 1st quarter. Diversified Trust Co now owns 38,155 shares of the company’s stock worth $634,000 after acquiring an additional 2,608 shares in the last quarter. Accel Wealth Management grew its holdings in StoneCo by 16.9% in the first quarter. Accel Wealth Management now owns 33,535 shares of the company’s stock valued at $557,000 after purchasing an additional 4,850 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in StoneCo by 152.1% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,497 shares of the company’s stock valued at $58,000 after purchasing an additional 2,110 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of StoneCo by 31.6% in the first quarter. Commonwealth Equity Services LLC now owns 49,501 shares of the company’s stock valued at $822,000 after buying an additional 11,873 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in shares of StoneCo by 20.4% during the 1st quarter. Private Advisor Group LLC now owns 39,566 shares of the company’s stock worth $657,000 after buying an additional 6,692 shares during the last quarter. 73.19% of the stock is currently owned by hedge funds and other institutional investors.
StoneCo Stock Up 0.9 %
STNE opened at $11.12 on Wednesday. StoneCo Ltd. has a 12 month low of $9.55 and a 12 month high of $19.46. The business has a 50-day moving average of $12.11 and a two-hundred day moving average of $13.32. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 9.04, a price-to-earnings-growth ratio of 0.39 and a beta of 2.30.
Analysts Set New Price Targets
Several equities analysts have weighed in on the stock. Evercore ISI dropped their target price on shares of StoneCo from $25.00 to $23.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Morgan Stanley restated an “underweight” rating and set a $7.00 price objective (down from $16.50) on shares of StoneCo in a research report on Thursday, September 5th. 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. Cantor Fitzgerald raised StoneCo to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, Barclays reduced their price objective on StoneCo from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.70.
Read Our Latest Research Report on StoneCo
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.
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