Point72 DIFC Ltd Has $3.02 Million Stock Position in StoneCo Ltd. (NASDAQ:STNE)

Point72 DIFC Ltd boosted its stake in shares of StoneCo Ltd. (NASDAQ:STNE) by 123.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 251,993 shares of the company’s stock after buying an additional 139,182 shares during the period. Point72 DIFC Ltd owned about 0.08% of StoneCo worth $3,021,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Lazard Asset Management LLC purchased a new stake in shares of StoneCo in the 1st quarter valued at approximately $41,000. Central Bank & Trust Co. acquired a new stake in StoneCo during the 2nd quarter valued at $40,000. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of 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 in the last quarter. Y.D. More Investments Ltd boosted its position in shares of StoneCo by 90.2% in the second quarter. Y.D. More Investments Ltd now owns 4,798 shares of the company’s stock worth $58,000 after buying an additional 2,275 shares during the period. Finally, Invst LLC purchased a new position in shares of StoneCo during the first quarter valued at $172,000. 73.19% of the stock is owned by hedge funds and other institutional investors.

StoneCo Stock Down 1.7 %

StoneCo stock opened at $11.11 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.41. StoneCo Ltd. has a 1-year low of $9.34 and a 1-year high of $19.46. The firm’s fifty day simple moving average is $12.92 and its 200-day simple moving average is $14.15. The company has a market capitalization of $3.49 billion, a P/E ratio of 10.01, a P/E/G ratio of 0.44 and a beta of 2.31.

StoneCo (NASDAQ:STNE) last posted its earnings results on Wednesday, August 14th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.04). StoneCo had a net margin of 15.27% and a return on equity of 13.21%. The company had revenue of $615.13 million for the quarter, compared to the consensus estimate of $590.74 million. Sell-side analysts forecast that StoneCo Ltd. will post 1.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on STNE. UBS Group increased their price objective on StoneCo from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Evercore ISI decreased their price target 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 reiterated an “underweight” rating and issued a $7.00 price objective (down previously from $16.50) on shares of StoneCo in a research note on Thursday, September 5th. Barclays decreased their target price on shares of StoneCo from $16.00 to $14.00 and set an “equal weight” rating for the company in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group dropped their price target on shares of StoneCo from $21.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, StoneCo presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.80.

About StoneCo

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.