Parisi Gray Wealth Management Acquires Shares of 2,388 StoneCo Ltd (NASDAQ:STNE)

Share on StockTwits

Parisi Gray Wealth Management acquired a new position in shares of StoneCo Ltd (NASDAQ:STNE) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 2,388 shares of the company’s stock, valued at approximately $102,000.

A number of other institutional investors have also modified their holdings of STNE. Partner Investment Management L.P. bought a new position in StoneCo during the fourth quarter worth about $42,000. Kwmg LLC bought a new position in StoneCo during the first quarter worth about $45,000. Victory Capital Management Inc. bought a new position in StoneCo during the fourth quarter worth about $46,000. Intellectus Partners LLC bought a new position in StoneCo during the fourth quarter worth about $104,000. Finally, Zimmer Partners LP bought a new position in StoneCo during the fourth quarter worth about $184,000. 37.19% of the stock is currently owned by institutional investors and hedge funds.

STNE stock traded down $0.51 during mid-day trading on Friday, hitting $28.03. 14,896 shares of the company were exchanged, compared to its average volume of 1,972,184. The company has a market capitalization of $7.74 billion and a PE ratio of 84.91. StoneCo Ltd has a 1-year low of $16.14 and a 1-year high of $45.62.

StoneCo (NASDAQ:STNE) last issued its quarterly earnings data on Monday, May 13th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The company had revenue of $142.17 million for the quarter. Research analysts forecast that StoneCo Ltd will post 0.81 earnings per share for the current fiscal year.

A number of equities analysts recently commented on STNE shares. Goldman Sachs Group started coverage on StoneCo in a report on Monday. They set a “buy” rating and a $37.00 price target for the company. Zacks Investment Research upgraded StoneCo from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a report on Friday, March 22nd. Bank of America lifted their price target on StoneCo from $26.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Citigroup set a $27.00 price target on StoneCo and gave the stock a “hold” rating in a report on Friday, May 31st. Finally, Susquehanna Bancshares started coverage on StoneCo in a report on Friday, May 31st. They set a “neutral” rating for the company. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $34.29.

COPYRIGHT VIOLATION WARNING: This article was published by Ticker Report and is the property of of Ticker Report. If you are accessing this article on another domain, it was stolen and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be accessed at https://www.tickerreport.com/banking-finance/4371525/parisi-gray-wealth-management-acquires-shares-of-2388-stoneco-ltd-nasdaqstne.html.

StoneCo Profile

StoneCo Ltd. engages in the provision of financial technology solutions. It caters to merchants and partners that conduct electronic commerce across in-store, online, and mobile channels. It offers cloud-based technology platform, electronic payments, and automation of business processes at the point-of-sale.

Read More: What is the Federal Reserve?

Want to see what other hedge funds are holding STNE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for StoneCo Ltd (NASDAQ:STNE).

Institutional Ownership by Quarter for StoneCo (NASDAQ:STNE)

Receive News & Ratings for StoneCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for StoneCo and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Dixon Hubard Feinour & Brown Inc. VA Boosts Stake in Duke Energy Corp
Dixon Hubard Feinour & Brown Inc. VA Boosts Stake in Duke Energy Corp
Dixon Hubard Feinour & Brown Inc. VA Cuts Holdings in Global Payments Inc
Dixon Hubard Feinour & Brown Inc. VA Cuts Holdings in Global Payments Inc
Weiss Asset Management LP Purchases Shares of 288,655 Ready Capital Corp
Weiss Asset Management LP Purchases Shares of 288,655 Ready Capital Corp
M Holdings Securities Inc. Invests $1.61 Million in Consolidated Edison, Inc.  Stock
M Holdings Securities Inc. Invests $1.61 Million in Consolidated Edison, Inc. Stock
Micron Technology, Inc.  Holdings Cut by First Dallas Securities Inc.
Micron Technology, Inc. Holdings Cut by First Dallas Securities Inc.
Exxon Mobil Co.  Holdings Lowered by First Dallas Securities Inc.
Exxon Mobil Co. Holdings Lowered by First Dallas Securities Inc.


© 2006-2019 Ticker Report