Yorktown Management & Research Co Inc Boosts Holdings in StoneCo Ltd. (NASDAQ:STNE)

Yorktown Management & Research Co Inc raised its holdings in StoneCo Ltd. (NASDAQ:STNE) by 96.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,900 shares of the company’s stock after purchasing an additional 15,200 shares during the quarter. Yorktown Management & Research Co Inc’s holdings in StoneCo were worth $246,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. raised its position in shares of StoneCo by 36.2% in the third quarter. Point72 Asset Management L.P. now owns 11,422,475 shares of the company’s stock worth $128,617,000 after acquiring an additional 3,035,530 shares during the period. State Street Corp raised its position in shares of StoneCo by 51.0% in the third quarter. State Street Corp now owns 7,972,037 shares of the company’s stock worth $89,765,000 after acquiring an additional 2,692,558 shares during the period. Geode Capital Management LLC raised its position in shares of StoneCo by 36.0% in the third quarter. Geode Capital Management LLC now owns 5,190,344 shares of the company’s stock worth $58,302,000 after acquiring an additional 1,374,788 shares during the period. Coronation Fund Managers Ltd. raised its position 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 worth $41,363,000 after acquiring an additional 1,111,065 shares during the period. Finally, Constellation Investimentos e Participacoes Ltda raised its position in shares of StoneCo by 30.0% in the third quarter. Constellation Investimentos e Participacoes Ltda now owns 3,047,576 shares of the company’s stock worth $34,316,000 after acquiring an additional 703,249 shares during the period. 73.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on STNE. Susquehanna decreased their price objective on shares of StoneCo from $22.00 to $19.00 and set a “positive” rating for the company in a research report on Wednesday, November 13th. Barclays reduced their price target 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. Citigroup restated a “neutral” rating and set a $9.00 price target (down previously from $19.00) on shares of StoneCo in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. reduced their price target 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 research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, StoneCo presently has a consensus rating of “Moderate Buy” and an average price target of $14.50.

StoneCo Stock Up 5.6 %

STNE stock opened at $9.39 on Wednesday. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 7.34, a PEG ratio of 0.37 and a beta of 2.25. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.47. StoneCo Ltd. has a 12 month low of $7.72 and a 12 month high of $19.46. The firm has a 50-day moving average of $8.68 and a two-hundred day moving average of $10.77.

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.