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

Skandinaviska Enskilda Banken AB publ raised its holdings in StoneCo Ltd. (NASDAQ:STNE) by 31.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,500 shares of the company’s stock after buying an additional 1,800 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in StoneCo were worth $59,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its stake in shares of StoneCo by 254.7% in the fourth quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company’s stock valued at $34,000 after buying an additional 3,056 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its position in shares of StoneCo by 166.7% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company’s stock valued at $51,000 after purchasing an additional 4,000 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of StoneCo during the fourth quarter valued at about $56,000. KBC Group NV bought a new position in shares of StoneCo during the fourth quarter valued at about $73,000. Finally, Proficio Capital Partners LLC bought a new position in shares of StoneCo during the fourth quarter valued at about $101,000. 73.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group dropped their price target on shares of StoneCo from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. JPMorgan Chase & Co. dropped their price target on shares of StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Citigroup reissued a “neutral” rating and set a $9.00 price target (down from $19.00) on shares of StoneCo in a research report on Thursday, January 16th. Finally, Barclays dropped their price target on shares of StoneCo from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $14.38.

StoneCo Stock Performance

NASDAQ STNE opened at $9.85 on Wednesday. StoneCo Ltd. has a 52-week low of $7.72 and a 52-week high of $17.93. The company has a 50-day simple moving average of $9.16 and a 200 day simple moving average of $9.96. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market capitalization of $3.04 billion, a PE ratio of 7.70, a price-to-earnings-growth ratio of 0.41 and a beta of 2.33.

About StoneCo

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.