Constellation Investimentos e Participacoes Ltda Boosts Stake in StoneCo Ltd. $STNE

Key Points

• Constellation Investimentos e Participacoes Ltda increased its stake in StoneCo Ltd. by 73.4% in the second quarter, making it the company's fifth largest holding at approximately 4.7% of its total portfolio.
• StoneCo's recent earnings report showed an EPS of $0.39, exceeding analyst expectations, but the revenue fell short of estimates at $643.82 million.
• Multiple analysts have raised their price targets for StoneCo, with UBS Group setting a new target of $20.00 and Bank of America raising theirs to $25.00, indicating a positive outlook for the stock.

Constellation Investimentos e Participacoes Ltda lifted its stake in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 73.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 163,857 shares of the company's stock after purchasing an additional 69,357 shares during the period. StoneCo accounts for approximately 4.7% of Constellation Investimentos e Participacoes Ltda's holdings, making the stock its 5th largest holding. Constellation Investimentos e Participacoes Ltda owned about 0.06% of StoneCo worth $2,628,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Richardson Financial Services Inc. bought a new position in StoneCo during the second quarter worth about $29,000. GAMMA Investing LLC boosted its stake in StoneCo by 1,486.3% during the 1st quarter. GAMMA Investing LLC now owns 2,903 shares of the company's stock worth $30,000 after acquiring an additional 2,720 shares during the last quarter. CWM LLC boosted its stake in StoneCo by 327.4% during the 1st quarter. CWM LLC now owns 3,154 shares of the company's stock worth $33,000 after acquiring an additional 2,416 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in StoneCo by 334.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,598 shares of the company's stock worth $42,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in StoneCo by 143.0% during the 1st quarter. Harbor Capital Advisors Inc. now owns 4,614 shares of the company's stock worth $48,000 after acquiring an additional 2,715 shares during the last quarter. 73.19% of the stock is currently owned by institutional investors.

StoneCo Stock Performance

Shares of StoneCo stock opened at $17.24 on Friday. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of -24.63, a price-to-earnings-growth ratio of 0.36 and a beta of 1.99. The stock's 50-day moving average is $16.83 and its 200-day moving average is $14.67. StoneCo Ltd. has a one year low of $7.72 and a one year high of $19.95. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.48 and a quick ratio of 1.48.

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

Analyst Ratings Changes

STNE has been the topic of a number of recent analyst reports. 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 research report on Friday, August 29th. Zacks Research upgraded StoneCo to a "strong-buy" rating in a report on Tuesday, August 12th. Bank of America lifted their target price on StoneCo from $15.00 to $25.00 and gave the stock a "buy" rating in a report on Tuesday, September 9th. JPMorgan Chase & Co. lifted their price objective on StoneCo from $15.50 to $18.50 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Finally, Wall Street Zen cut StoneCo from a "buy" rating to a "hold" rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $16.56.

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.

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 - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.