Charles Schwab Investment Management Inc. Has $21.34 Million Stock Position in StoneCo Ltd. (NASDAQ:STNE)

Charles Schwab Investment Management Inc. grew its stake in StoneCo Ltd. (NASDAQ:STNE) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,183,574 shares of the company’s stock after purchasing an additional 36,030 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.38% of StoneCo worth $21,340,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Pearl River Capital LLC grew its position in StoneCo by 149.6% in the third quarter. Pearl River Capital LLC now owns 145,045 shares of the company’s stock valued at $1,548,000 after acquiring an additional 86,924 shares during the period. Qube Research & Technologies Ltd grew its holdings in shares of StoneCo by 103.8% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,234,520 shares of the company’s stock worth $13,172,000 after purchasing an additional 628,698 shares during the last quarter. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of StoneCo during the 4th quarter worth about $26,000. Assenagon Asset Management S.A. bought a new position in StoneCo during the 4th quarter valued at about $2,824,000. Finally, Federated Hermes Inc. boosted its position in StoneCo by 4.8% in the fourth quarter. Federated Hermes Inc. now owns 2,766,712 shares of the company’s stock valued at $49,884,000 after buying an additional 125,668 shares in the last quarter. 73.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

STNE has been the subject of several recent analyst reports. Citigroup raised their price objective on shares of StoneCo from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. UBS Group lowered StoneCo from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $18.00 to $21.00 in a research note on Thursday, February 1st. Susquehanna lowered their target price on StoneCo from $23.00 to $22.00 and set a “positive” rating for the company in a research note on Friday, April 19th. Finally, Barclays reduced their price target on shares of StoneCo from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Monday, May 20th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $18.90.

StoneCo Price Performance

Shares of NASDAQ STNE opened at $14.29 on Friday. StoneCo Ltd. has a 1 year low of $9.34 and a 1 year high of $19.46. The firm’s 50-day moving average is $16.04 and its 200-day moving average is $16.35. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $4.49 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 0.52 and a beta of 2.39.

StoneCo (NASDAQ:STNE) last announced its quarterly earnings data on Monday, March 18th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.04. StoneCo had a net margin of 14.08% and a return on equity of 12.35%. The business had revenue of $655.87 million for the quarter, compared to analyst estimates of $468.47 million. Equities analysts expect that StoneCo Ltd. will post 1.28 EPS for the current year.

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.