Dupree Financial Group LLC Makes New $4.24 Million Investment in StoneCo Ltd. (NASDAQ:STNE)

by · The Cerbat Gem

Dupree Financial Group LLC bought a new stake in StoneCo Ltd. (NASDAQ:STNE – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 376,540 shares of the company’s stock, valued at approximately $4,240,000. StoneCo accounts for approximately 1.7% of Dupree Financial Group LLC’s portfolio, making the stock its 22nd biggest holding. Dupree Financial Group LLC owned 0.12% of StoneCo as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in STNE. Diversified Trust Co boosted its stake in shares of StoneCo by 7.3% during the 1st quarter. Diversified Trust Co now owns 38,155 shares of the company’s stock worth $634,000 after acquiring an additional 2,608 shares in the last quarter. Accel Wealth Management grew its holdings in StoneCo by 16.9% in the first quarter. Accel Wealth Management now owns 33,535 shares of the company’s stock valued at $557,000 after purchasing an additional 4,850 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in StoneCo by 152.1% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,497 shares of the company’s stock valued at $58,000 after purchasing an additional 2,110 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of StoneCo by 31.6% in the first quarter. Commonwealth Equity Services LLC now owns 49,501 shares of the company’s stock valued at $822,000 after buying an additional 11,873 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in shares of StoneCo by 20.4% during the 1st quarter. Private Advisor Group LLC now owns 39,566 shares of the company’s stock worth $657,000 after buying an additional 6,692 shares during the last quarter. 73.19% of the stock is currently owned by hedge funds and other institutional investors.

StoneCo Stock Up 0.9 %

STNE opened at $11.12 on Wednesday. StoneCo Ltd. has a 12 month low of $9.55 and a 12 month high of $19.46. The business has a 50-day moving average of $12.11 and a two-hundred day moving average of $13.32. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 9.04, a price-to-earnings-growth ratio of 0.39 and a beta of 2.30.

StoneCo (NASDAQ:STNE – Get Free Report) last issued 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). The company had revenue of $615.13 million for the quarter, compared to analyst estimates of $590.74 million. StoneCo had a return on equity of 13.21% and a net margin of 15.27%. On average, research analysts expect that StoneCo Ltd. will post 1.21 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Evercore ISI dropped their target price on shares of StoneCo from $25.00 to $23.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Morgan Stanley restated an “underweight” rating and set a $7.00 price objective (down from $16.50) on shares of StoneCo in a research report on Thursday, September 5th. UBS Group upped their target price on StoneCo from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Cantor Fitzgerald raised StoneCo to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, Barclays reduced their price objective on StoneCo from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.70.

Read Our Latest Research Report on StoneCo

StoneCo Company Profile

(Free Report)

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.

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