one8zero8 LLC Invests $2.30 Million in StoneCo Ltd. (NASDAQ:STNE)

one8zero8 LLC purchased a new position in shares of StoneCo Ltd. (NASDAQ:STNE) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 288,950 shares of the company’s stock, valued at approximately $2,303,000.

Several other institutional investors and hedge funds also recently made changes to their positions in STNE. Jones Financial Companies Lllp grew its stake in shares of StoneCo by 254.7% during the 4th quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company’s stock worth $34,000 after acquiring an additional 3,056 shares during the period. Newbridge Financial Services Group Inc. grew its stake in shares of StoneCo by 166.7% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company’s stock worth $51,000 after acquiring an additional 4,000 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of StoneCo during the 4th quarter worth $56,000. Skandinaviska Enskilda Banken AB publ grew its stake in shares of StoneCo by 31.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 7,500 shares of the company’s stock worth $59,000 after acquiring an additional 1,800 shares during the period. Finally, KBC Group NV bought a new position in shares of StoneCo during the 4th quarter worth $73,000. Institutional investors own 73.19% of the company’s stock.

Analysts Set New Price Targets

STNE has been the subject of several analyst reports. JPMorgan Chase & Co. cut their target price on StoneCo from $21.00 to $15.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Barclays cut their target price on StoneCo from $12.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Citigroup restated a “neutral” rating and issued a $9.00 target price (down previously from $19.00) on shares of StoneCo in a research note on Thursday, January 16th. Finally, The Goldman Sachs Group cut their target price on StoneCo from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. 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 $14.38.

StoneCo Stock Performance

Shares of STNE opened at $9.72 on Friday. The company has a market cap of $3.00 billion, a PE ratio of 7.59, a price-to-earnings-growth ratio of 0.41 and a beta of 2.33. 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 50-day moving average price of $9.09 and a 200-day moving average price of $10.03. StoneCo Ltd. has a 12-month low of $7.72 and a 12-month high of $17.93.

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.