Constellation Investimentos e Participacoes Ltda Purchases New Shares in StoneCo Ltd. (NASDAQ:STNE)

Constellation Investimentos e Participacoes Ltda purchased a new position in StoneCo Ltd. (NASDAQ:STNE - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 94,500 shares of the company's stock, valued at approximately $990,000. StoneCo accounts for about 2.8% of Constellation Investimentos e Participacoes Ltda's investment portfolio, making the stock its 7th largest position.

Other institutional investors have also added to or reduced their stakes in the company. Squadra Investments Gestao DE Recursos LTDA. grew its holdings in shares of StoneCo by 46.8% during the fourth quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 13,951,183 shares of the company's stock valued at $111,191,000 after buying an additional 4,446,709 shares during the last quarter. Norges Bank bought a new stake in StoneCo in the 4th quarter worth about $22,642,000. Point72 Asset Management L.P. raised its position in StoneCo by 22.2% in the 4th quarter. Point72 Asset Management L.P. now owns 13,956,554 shares of the company's stock worth $111,234,000 after buying an additional 2,534,079 shares during the last quarter. Atmos Capital Gestao DE Recursos LTDA. lifted its stake in StoneCo by 23.0% during the 4th quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 11,623,836 shares of the company's stock valued at $92,642,000 after acquiring an additional 2,173,389 shares during the period. Finally, Nuveen Asset Management LLC lifted its stake in StoneCo by 40.3% during the 4th quarter. Nuveen Asset Management LLC now owns 6,993,611 shares of the company's stock valued at $55,739,000 after acquiring an additional 2,008,710 shares during the period. Institutional investors own 73.19% of the company's stock.

StoneCo Stock Performance

StoneCo stock traded down $0.34 during trading on Friday, reaching $14.52. The company had a trading volume of 4,713,804 shares, compared to its average volume of 5,794,529. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of -18.62, a price-to-earnings-growth ratio of 0.40 and a beta of 1.92. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.74. The firm's 50-day simple moving average is $13.49 and its 200 day simple moving average is $10.78. StoneCo Ltd. has a 52 week low of $7.72 and a 52 week high of $15.27.

StoneCo (NASDAQ:STNE - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. The business had revenue of $625.86 million during the quarter, compared to analysts' expectations of $3.68 billion. StoneCo had a negative net margin of 8.90% and a positive return on equity of 16.65%. Sell-side analysts forecast that StoneCo Ltd. will post 1.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on STNE shares. Wells Fargo & Company raised shares of StoneCo from an "equal weight" rating to an "overweight" rating in a report on Wednesday, March 19th. Morgan Stanley lifted their target price on shares of StoneCo from $5.70 to $6.00 and gave the stock an "underweight" rating in a research report on Friday, March 21st. Wall Street Zen cut StoneCo from a "buy" rating to a "hold" rating in a report on Friday, June 6th. Santander raised StoneCo from a "neutral" rating to an "outperform" rating in a report on Wednesday, May 21st. Finally, Barclays upped their price objective on StoneCo from $13.00 to $15.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $15.63.

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.