Tempus Wealth Planning LLC Purchases Shares of 15,514 StoneCo Ltd. (NASDAQ:STNE)

Tempus Wealth Planning LLC purchased a new stake in StoneCo Ltd. (NASDAQ:STNE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,514 shares of the company’s stock, valued at approximately $124,000.

Several other institutional investors also recently modified their holdings of the stock. Point72 Asset Management L.P. raised its stake in StoneCo by 36.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 11,422,475 shares of the company’s stock valued at $128,617,000 after purchasing an additional 3,035,530 shares during the period. Truxt Investmentos Ltda. acquired a new stake in StoneCo during the 3rd quarter valued at $31,695,000. State Street Corp raised its stake in StoneCo by 51.0% during the 3rd quarter. State Street Corp now owns 7,972,037 shares of the company’s stock valued at $89,765,000 after purchasing an additional 2,692,558 shares during the period. Geode Capital Management LLC raised its stake in StoneCo by 36.0% during the 3rd quarter. Geode Capital Management LLC now owns 5,190,344 shares of the company’s stock valued at $58,302,000 after purchasing an additional 1,374,788 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of StoneCo by 327.4% in the third quarter. JPMorgan Chase & Co. now owns 1,580,679 shares of the company’s stock worth $17,798,000 after acquiring an additional 1,210,817 shares during the last quarter. Institutional investors own 73.19% of the company’s stock.

Analysts Set New Price Targets

STNE has been the topic of a number of research reports. Barclays dropped their price target on shares of StoneCo from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Citigroup reaffirmed a “neutral” rating and issued a $9.00 price target (down from $19.00) on shares of StoneCo in a research note on Thursday, January 16th. JPMorgan Chase & Co. dropped their price target on shares of StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Finally, Susquehanna dropped their price target on shares of StoneCo from $22.00 to $19.00 and set a “positive” rating on the stock in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $14.50.

StoneCo Trading Up 5.6 %

Shares of NASDAQ:STNE opened at $9.39 on Wednesday. The stock has a market capitalization of $2.90 billion, a PE ratio of 7.34, a P/E/G ratio of 0.37 and a beta of 2.25. StoneCo Ltd. has a 1 year low of $7.72 and a 1 year high of $19.46. The firm has a fifty day moving average price of $8.68 and a 200 day moving average price of $10.77. 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 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.