Fox Run Management L.L.C. Purchases New Shares in StoneCo Ltd. $STNE

Key Points

• Fox Run Management L.L.C. acquired 29,816 shares of StoneCo Ltd. valued at approximately $312,000, marking a significant position in the company's stock.
• StoneCo received several upgrades from brokerages, with JPMorgan Chase & Co. raising its price target from $15.50 to $18.50 and giving the stock an "overweight" rating.
• The company's latest earnings report showed an EPS of $0.39, exceeding expectations, and a revenue of $643.82 million for the quarter.

Fox Run Management L.L.C. acquired a new stake in StoneCo Ltd. (NASDAQ:STNE - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 29,816 shares of the company's stock, valued at approximately $312,000.

A number of other institutional investors also recently modified their holdings of the company. Neuberger Berman Group LLC boosted its stake in shares of StoneCo by 37.6% in the 1st quarter. Neuberger Berman Group LLC now owns 17,259 shares of the company's stock valued at $181,000 after purchasing an additional 4,713 shares during the last quarter. Nuveen LLC acquired a new stake in StoneCo in the first quarter worth $70,502,000. Coronation Fund Managers Ltd. grew its holdings in StoneCo by 2.0% in the first quarter. Coronation Fund Managers Ltd. now owns 1,828,714 shares of the company's stock worth $19,165,000 after purchasing an additional 35,217 shares during the period. Entropy Technologies LP acquired a new stake in StoneCo in the first quarter worth $807,000. Finally, Invesco Ltd. grew its holdings in StoneCo by 11.4% in the first quarter. Invesco Ltd. now owns 236,419 shares of the company's stock worth $2,478,000 after purchasing an additional 24,163 shares during the period. 73.19% of the stock is owned by institutional investors.

StoneCo Stock Up 3.5%

Shares of StoneCo stock traded up $0.52 during trading hours on Friday, reaching $15.35. The company's stock had a trading volume of 4,191,397 shares, compared to its average volume of 4,870,819. StoneCo Ltd. has a one year low of $7.72 and a one year high of $16.68. The company has a market capitalization of $4.39 billion, a P/E ratio of -21.93, a P/E/G ratio of 0.39 and a beta of 1.88. The stock's fifty day simple moving average is $14.73 and its two-hundred day simple moving average is $12.73. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.48 and a current ratio of 1.48.

StoneCo (NASDAQ:STNE - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.03. StoneCo had a negative net margin of 8.37% and a positive return on equity of 18.71%. The firm had revenue of $643.82 million for the quarter, compared to analyst estimates of $3.78 billion. On average, research analysts forecast that StoneCo Ltd. will post 1.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on STNE shares. Wall Street Zen cut shares of StoneCo from a "buy" rating to a "hold" rating in a report on Friday, June 6th. Santander upgraded shares of StoneCo from a "neutral" rating to an "outperform" rating in a report on Wednesday, May 21st. Zacks Research upgraded shares of StoneCo to a "strong-buy" rating in a report on Tuesday, August 12th. Barclays raised their price target on shares of StoneCo from $13.00 to $15.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Finally, JPMorgan Chase & Co. raised their price target on shares of StoneCo from $15.50 to $18.50 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $15.07.

StoneCo 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.