Invst LLC Acquires 12,336 Shares of StoneCo Ltd. (NASDAQ:STNE)

Invst LLC boosted its holdings in StoneCo Ltd. (NASDAQ:STNE) by 116.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,892 shares of the company’s stock after purchasing an additional 12,336 shares during the quarter. Invst LLC’s holdings in StoneCo were worth $269,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Lazard Asset Management LLC bought a new stake in StoneCo in the first quarter worth approximately $41,000. Central Bank & Trust Co. bought a new stake in shares of StoneCo during the second quarter valued at approximately $40,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of StoneCo by 152.1% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,497 shares of the company’s stock valued at $58,000 after acquiring an additional 2,110 shares in the last quarter. Y.D. More Investments Ltd increased its holdings in shares of StoneCo by 90.2% during the second quarter. Y.D. More Investments Ltd now owns 4,798 shares of the company’s stock valued at $58,000 after acquiring an additional 2,275 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in shares of StoneCo during the second quarter valued at approximately $135,000. 73.19% of the stock is currently owned by institutional investors.

StoneCo Trading Down 1.8 %

Shares of StoneCo stock opened at $11.26 on Tuesday. The stock has a fifty day simple moving average of $12.71 and a 200 day simple moving average of $13.94. StoneCo Ltd. has a 12-month low of $9.34 and a 12-month high of $19.46. The company has a market capitalization of $3.54 billion, a P/E ratio of 10.14, a price-to-earnings-growth ratio of 0.40 and a beta of 2.31. 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 (NASDAQ:STNE) last posted its quarterly earnings data 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 return on equity of 13.21% and a net margin of 15.27%. The business had revenue of $615.13 million during the quarter, compared to analysts’ expectations of $590.74 million. On average, sell-side analysts anticipate that StoneCo Ltd. will post 1.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

STNE has been the subject of several recent research reports. JPMorgan Chase & Co. upgraded StoneCo from a “neutral” rating to an “overweight” rating and set a $20.00 price objective for the company in a report on Thursday, June 6th. UBS Group boosted their price objective on StoneCo from $17.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, August 29th. The Goldman Sachs Group decreased their price objective on StoneCo from $21.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, June 26th. Morgan Stanley restated an “underweight” rating and set a $7.00 price objective (down previously from $16.50) on shares of StoneCo in a report on Thursday, September 5th. Finally, Evercore ISI decreased their price objective on StoneCo from $25.00 to $23.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. One equities research 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.80.

StoneCo Company 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.