StoneCo Ltd. $STNE is Atmos Capital Gestao DE Recursos LTDA.'s Largest Position

Key Points

• Atmos Capital's Stake: Atmos Capital Gestao DE Recursos LTDA. increased its holdings in StoneCo Ltd. by 3.1%, owning approximately 11.98 million shares valued at $125.58 million, making it the largest position in its investment portfolio.
• Analyst Upgrades: Several analysts have upgraded StoneCo, with Zacks Research rating it a "strong-buy" and Barclays raising its price target from $13.00 to $15.00.
• Financial Performance: StoneCo reported earnings of $0.39 per share for the last quarter, surpassing analyst estimates while generating revenues of $643.82 million.

Atmos Capital Gestao DE Recursos LTDA. raised its holdings in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 3.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,982,873 shares of the company's stock after acquiring an additional 359,037 shares during the quarter. StoneCo makes up 26.4% of Atmos Capital Gestao DE Recursos LTDA.'s investment portfolio, making the stock its largest position. Atmos Capital Gestao DE Recursos LTDA. owned approximately 4.19% of StoneCo worth $125,581,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in StoneCo by 1,486.3% during the 1st quarter. GAMMA Investing LLC now owns 2,903 shares of the company's stock valued at $30,000 after acquiring an additional 2,720 shares in the last quarter. CWM LLC increased its holdings in StoneCo by 327.4% during the 1st quarter. CWM LLC now owns 3,154 shares of the company's stock valued at $33,000 after acquiring an additional 2,416 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in StoneCo by 143.0% during the 1st quarter. Harbor Capital Advisors Inc. now owns 4,614 shares of the company's stock valued at $48,000 after acquiring an additional 2,715 shares in the last quarter. Twin Tree Management LP purchased a new position in StoneCo during the 1st quarter valued at about $58,000. Finally, Signaturefd LLC increased its holdings in StoneCo by 13.6% during the 1st quarter. Signaturefd LLC now owns 7,708 shares of the company's stock valued at $81,000 after acquiring an additional 924 shares in the last quarter. 73.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on STNE. Wall Street Zen downgraded 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. JPMorgan Chase & Co. lifted 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. Finally, UBS Group lifted their price target on shares of StoneCo from $15.00 to $20.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, StoneCo has an average rating of "Moderate Buy" and a consensus price target of $16.56.

StoneCo Trading Up 0.9%

StoneCo stock traded up $0.17 during trading on Friday, reaching $18.29. The company had a trading volume of 4,047,664 shares, compared to its average volume of 4,223,586. StoneCo Ltd. has a 12-month low of $7.72 and a 12-month high of $18.40. The stock's 50 day moving average price is $15.15 and its two-hundred day moving average price is $13.53. The firm has a market capitalization of $5.23 billion, a price-to-earnings ratio of -26.13, a PEG ratio of 0.39 and a beta of 1.91. 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 earnings results on Thursday, August 7th. The company reported $0.39 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $3.78 billion. As a group, equities analysts expect that StoneCo Ltd. will post 1.16 earnings per share for the current fiscal year.

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.