Nucleo Capital Ltda. recently announced the acquisition of new stake in StoneCo Ltd (NASDAQ:STNE). The institutional investor has increased its shareholding in the Technology company by 9.98% to 6.14 million shares with purchase of 0.56 million shares. This fresh investment now brings its stake to 2.18% valued currently at $110.67 million. In addition, SSgA Funds Management, Inc. raised its holdings by 69317.0 to 4.96 million shares. And D. E. Shaw & Co. LP has lifted its position by 25.24% or 0.83 million shares – to 4.12 million shares.
Currently, there are 293.89M common shares owned by the public and among those 248.34M shares have been available to trade.
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The top 3 mutual fund holders in StoneCo Ltd are iShares Russell 2000 ETF, Fidelity Inv. Trust – Emerging Ma, and Nikko Asset Global Fintech Equity. iShares Russell 2000 ETF owns 7.92 million shares of the company’s stock, all valued at over $142.86 million. The company sold 20970.0 shares recently to bring their total holdings to about 2.82% of the shares outstanding. Fidelity Inv. Trust – Emerging Ma bought 0.27 million shares to see its total holdings expand to 5.78 million shares valued at over $104.28 million and representing 2.06% of the shares outstanding. Nikko Asset Global Fintech Equity bought 61907.0 shares to bring its total holdings to over 4.31 million shares at a value of $77.77 million. Nikko Asset Global Fintech Equity now owns shares totaling to 1.53% of the shares outstanding.
However, the script later moved the day high at 18.87, up 1.76%. The company’s stock has a 5-day price change of 1.29% and 71.25% over the past three months. STNE shares are trading -3.88% year to date (YTD), with the 12-month market performance up to 80.15% higher. It has a 12-month low price of $8.09 and touched a high of $18.60 over the same period. STNE has an average intraday trading volume of 5.67 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.88%, 9.77%, and 33.77% respectively.
Institutional ownership of StoneCo Ltd (NASDAQ: STNE) shares accounts for 68.09% of the company’s 293.89M shares outstanding. Mutual fund holders own 23.92%, while other institutional holders and individual stakeholders account for 48.75% and — respectively.
It has a market capitalization of $5.20B and a beta (3y monthly) value of 2.43. The stock’s trailing 12-month PE ratio is 27.98, while the earnings-per-share (ttm) stands at $0.62. The company has a PEG of 0.44 and a Quick Ratio of 1.27 with the debt-to-equity ratio at 0.33. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.11% over the week and 3.84% over the month.
Analysts forecast that StoneCo Ltd (STNE) will achieve an EPS of $0.3 for the current quarter, $0.27 for the next quarter and $1.19 for 2024. The lowest estimate earnings-per-share for the quarter is $0.24 while analysts give the company a high EPS estimate of $0.36. Comparatively, EPS for the current quarter was $0.15 a year ago. Earnings per share for the fiscal year are expected to increase by 166.92%, and 36.64% over the next financial year. EPS should grow at an annualized rate of 63.80% over the next five years, compared to -21.78% over the past 5-year period.
Looking at the support for the STNE, a number of firms have released research notes about the stock. Goldman stated their Buy rating for the stock in a research note on Jan-23-24, with the firm’s price target at $12-$21.
