StoneCo Ltd. (NASDAQ:STNE) Shares Bought by Creative Planning

Creative Planning grew its stake in StoneCo Ltd. (NASDAQ:STNE) by 224.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 65,321 shares of the company’s stock after buying an additional 45,218 shares during the quarter. Creative Planning’s holdings in StoneCo were worth $736,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Financial Perspectives Inc boosted its stake in shares of StoneCo by 8.4% in the second quarter. Financial Perspectives Inc now owns 14,019 shares of the company’s stock worth $168,000 after buying an additional 1,083 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in StoneCo by 1.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 123,275 shares of the company’s stock worth $1,478,000 after purchasing an additional 1,848 shares during the period. Stokes Family Office LLC raised its holdings in StoneCo by 16.8% in the 1st quarter. Stokes Family Office LLC now owns 14,600 shares of the company’s stock worth $243,000 after purchasing an additional 2,100 shares during the period. Y.D. More Investments Ltd raised its holdings in StoneCo by 90.2% in the 2nd quarter. Y.D. More Investments Ltd now owns 4,798 shares of the company’s stock worth $58,000 after purchasing an additional 2,275 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in StoneCo in the 1st quarter worth about $41,000. Hedge funds and other institutional investors own 73.19% of the company’s stock.

StoneCo Price Performance

NASDAQ:STNE opened at $11.08 on Monday. StoneCo Ltd. has a one year low of $9.96 and a one year high of $19.46. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a market cap of $3.42 billion, a PE ratio of 9.01, a P/E/G ratio of 0.39 and a beta of 2.29. The stock has a 50 day moving average price of $11.65 and a 200 day moving average price of $13.05.

StoneCo (NASDAQ:STNE) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.04). StoneCo had a net margin of 15.27% and a return on equity of 13.21%. The company had revenue of $615.13 million during the quarter, compared to analyst estimates of $590.74 million. Equities research analysts expect that StoneCo Ltd. will post 1.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on STNE. Barclays reduced their price target on StoneCo from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, October 15th. UBS Group increased their target price on StoneCo from $17.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Cantor Fitzgerald raised StoneCo to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, Morgan Stanley reissued an “underweight” rating and set a $7.00 target price (down previously from $16.50) on shares of StoneCo in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, StoneCo has a consensus rating of “Moderate Buy” and a consensus price target of $17.70.

StoneCo Company 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.