Prairie Wealth Advisors Inc. Has $677,000 Stake in StoneCo Ltd. (NASDAQ:STNE)

Prairie Wealth Advisors Inc. raised its stake in shares of StoneCo Ltd. (NASDAQ:STNE) by 19.7% in the fourth quarter, Holdings Channel reports. The fund owned 85,000 shares of the company’s stock after acquiring an additional 14,000 shares during the period. Prairie Wealth Advisors Inc.’s holdings in StoneCo were worth $677,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. KBC Group NV bought a new position in StoneCo during the 4th quarter valued at about $73,000. Tempus Wealth Planning LLC acquired a new position in shares of StoneCo in the 4th quarter worth approximately $124,000. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in StoneCo during the 3rd quarter worth approximately $125,000. Covestor Ltd increased its holdings in StoneCo by 40.9% during the 3rd quarter. Covestor Ltd now owns 13,350 shares of the company’s stock valued at $150,000 after purchasing an additional 3,878 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in StoneCo in the 3rd quarter valued at $156,000. Institutional investors and hedge funds own 73.19% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. The Goldman Sachs Group decreased their price objective on shares of StoneCo from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday. Barclays reduced their price target on StoneCo from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. 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 report on Wednesday, November 13th. Citigroup reiterated a “neutral” rating and issued a $9.00 target price (down from $19.00) on shares of StoneCo in a 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 on the stock in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $14.38.

StoneCo Stock Performance

STNE opened at $9.22 on Friday. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 7.20, a P/E/G ratio of 0.37 and a beta of 2.25. The business’s 50-day moving average price is $8.63 and its two-hundred day moving average price is $10.75. StoneCo Ltd. has a 1 year low of $7.72 and a 1 year high of $19.46. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42.

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.