StoneCo Ltd. (NASDAQ:STNE) Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. grew its stake in StoneCo Ltd. (NASDAQ:STNE) by 1,658.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,900 shares of the company’s stock after purchasing an additional 28,200 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in StoneCo were worth $337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in STNE. Point72 Asset Management L.P. boosted its stake in StoneCo by 36.2% during the third quarter. Point72 Asset Management L.P. now owns 11,422,475 shares of the company’s stock worth $128,617,000 after buying an additional 3,035,530 shares during the last quarter. State Street Corp boosted its position in shares of StoneCo by 51.0% during the 3rd quarter. State Street Corp now owns 7,972,037 shares of the company’s stock valued at $89,765,000 after acquiring an additional 2,692,558 shares during the last quarter. Marshall Wace LLP boosted its position in shares of StoneCo by 204.1% during the 2nd quarter. Marshall Wace LLP now owns 7,741,662 shares of the company’s stock valued at $92,823,000 after acquiring an additional 5,195,787 shares during the last quarter. Coronation Fund Managers Ltd. grew its holdings in shares of StoneCo by 43.4% in the third quarter. Coronation Fund Managers Ltd. now owns 3,673,459 shares of the company’s stock valued at $41,363,000 after purchasing an additional 1,111,065 shares during the period. Finally, Constellation Investimentos e Participacoes Ltda increased its position in StoneCo by 30.0% during the third quarter. Constellation Investimentos e Participacoes Ltda now owns 3,047,576 shares of the company’s stock worth $34,316,000 after purchasing an additional 703,249 shares during the last quarter. Institutional investors and hedge funds own 73.19% of the company’s stock.

StoneCo Stock Up 0.6 %

NASDAQ:STNE opened at $9.02 on Monday. StoneCo Ltd. has a 52 week low of $8.87 and a 52 week high of $19.46. The stock’s fifty day moving average is $10.50 and its two-hundred day moving average is $11.88. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 7.05, a price-to-earnings-growth ratio of 0.35 and a beta of 2.21. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on STNE shares. Morgan Stanley reiterated an “underweight” rating and issued a $7.00 target price (down from $16.50) on shares of StoneCo in a report on Thursday, September 5th. Susquehanna decreased their price objective on StoneCo from $22.00 to $19.00 and set a “positive” rating on the stock in a report on Wednesday, November 13th. UBS Group raised their target price on StoneCo from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Barclays decreased their price target on StoneCo from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Monday, November 18th. Finally, Cantor Fitzgerald raised StoneCo to a “strong-buy” rating in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.75.

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.