Intech Investment Management LLC Grows Position in StoneCo Ltd. $STNE

Key Points

• Intech Investment Management LLC increased its stake in StoneCo Ltd. by 10.5% during the 1st quarter, owning approximately 180,665 shares valued at $1,893,000 according to their SEC filing.
• Several institutional investors significantly enhanced their positions in StoneCo, with GAMMA Investing LLC increasing its holdings by 1,486.3%.
• Wall Street analysts have a positive outlook on StoneCo, with Zacks Research upgrading the stock to a "strong-buy" and a consensus rating of "Moderate Buy" that includes a projected average target price of $16.56.

Intech Investment Management LLC grew its stake in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 10.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,665 shares of the company's stock after buying an additional 17,192 shares during the period. Intech Investment Management LLC owned approximately 0.06% of StoneCo worth $1,893,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC grew its stake in StoneCo by 1,486.3% in the 1st quarter. GAMMA Investing LLC now owns 2,903 shares of the company's stock worth $30,000 after buying an additional 2,720 shares in the last quarter. CWM LLC grew its stake in StoneCo by 327.4% in the 1st quarter. CWM LLC now owns 3,154 shares of the company's stock worth $33,000 after buying an additional 2,416 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in StoneCo by 143.0% in the 1st quarter. Harbor Capital Advisors Inc. now owns 4,614 shares of the company's stock worth $48,000 after buying an additional 2,715 shares in the last quarter. Twin Tree Management LP purchased a new stake in shares of StoneCo in the 1st quarter valued at $58,000. Finally, Signaturefd LLC boosted its stake in shares of StoneCo by 13.6% in the 1st quarter. Signaturefd LLC now owns 7,708 shares of the company's stock valued at $81,000 after purchasing an additional 924 shares in the last quarter. Hedge funds and other institutional investors own 73.19% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on STNE shares. UBS Group upped their price objective on shares of StoneCo from $15.00 to $20.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Wall Street Zen cut shares of StoneCo from a "buy" rating to a "hold" rating in a research note on Friday, June 6th. JPMorgan Chase & Co. upped their price objective on shares of StoneCo from $15.50 to $18.50 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Bank of America upped their price objective on shares of StoneCo from $15.00 to $25.00 and gave the company a "buy" rating in a research note on Tuesday, September 9th. Finally, Zacks Research raised shares of StoneCo to a "strong-buy" rating in a research note on Tuesday, August 12th. Two equities research 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 stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $16.56.

StoneCo Stock Performance

Shares of NASDAQ STNE traded up $0.22 during trading on Friday, reaching $19.40. 6,755,245 shares of the company traded hands, compared to its average volume of 4,526,288. The firm has a 50 day simple moving average of $15.44 and a 200-day simple moving average of $13.81. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $5.55 billion, a PE ratio of -27.71, a P/E/G ratio of 0.41 and a beta of 1.91. StoneCo Ltd. has a 52-week low of $7.72 and a 52-week high of $19.62.

StoneCo (NASDAQ:STNE - Get Free Report) last announced its quarterly 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. The firm had revenue of $643.82 million for the quarter, compared to the consensus estimate of $3.78 billion. StoneCo had a negative net margin of 8.37% and a positive return on equity of 18.71%. Equities research analysts anticipate that StoneCo Ltd. will post 1.16 earnings per share for the current year.

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.