Kapitalo Investimentos Ltda Acquires 460,000 Shares of StoneCo Ltd. $STNE

Key Points

• Kapitalo Investimentos initiated a StoneCo position by purchasing 460,000 shares valued at approximately $4.3 million, representing about 0.18% of the company and 0.3% of the fund’s portfolio.
• Institutional ownership remains substantial at 73.19%, with several major investors—including Bank of America, Assenagon Asset Management and Squadra Investments—significantly increasing their stakes.
• StoneCo shares recently traded at $12.07, up 5%, while analysts maintain a consensus “Hold” rating and an average price target of $14.30. The company slightly exceeded quarterly EPS expectations, reporting $0.47 versus the $0.46 consensus.

Kapitalo Investimentos Ltda acquired a new position in StoneCo Ltd. (NASDAQ:STNE - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 460,000 shares of the company's stock, valued at approximately $4,296,000. StoneCo makes up about 0.3% of Kapitalo Investimentos Ltda's investment portfolio, making the stock its 26th biggest position. Kapitalo Investimentos Ltda owned about 0.18% of StoneCo as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in STNE. Bank of America Corp DE increased its stake in shares of StoneCo by 151.7% in the first quarter. Bank of America Corp DE now owns 6,032,572 shares of the company's stock valued at $85,180,000 after buying an additional 3,636,276 shares in the last quarter. Andra AP fonden raised its holdings in shares of StoneCo by 159.5% in the second quarter. Andra AP fonden now owns 1,593,600 shares of the company's stock valued at $17,275,000 after buying an additional 979,400 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in StoneCo by 1,288.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 577,959 shares of the company's stock worth $6,265,000 after buying an additional 536,331 shares in the last quarter. Hsbc Holdings PLC lifted its position in StoneCo by 286.6% during the 1st quarter. Hsbc Holdings PLC now owns 163,065 shares of the company's stock worth $2,298,000 after buying an additional 120,883 shares in the last quarter. Finally, Squadra Investments Gestao DE Recursos LTDA. lifted its position in StoneCo by 435.5% during the 1st quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 6,662,253 shares of the company's stock worth $94,071,000 after buying an additional 5,418,053 shares in the last quarter. Institutional investors own 73.19% of the company's stock.

StoneCo Stock Up 5.0%

NASDAQ STNE opened at $12.07 on Wednesday. The stock has a fifty day moving average of $10.17 and a 200-day moving average of $11.08. The stock has a market capitalization of $3.00 billion, a P/E ratio of 4.87, a price-to-earnings-growth ratio of 0.31 and a beta of 1.68. StoneCo Ltd. has a 52 week low of $8.95 and a 52 week high of $19.64. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.26 and a current ratio of 1.26.

StoneCo (NASDAQ:STNE - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. The business had revenue of $129.73 million for the quarter, compared to analyst estimates of $708.24 million. StoneCo had a return on equity of 22.19% and a net margin of 22.92%. On average, equities research analysts forecast that StoneCo Ltd. will post 2.23 EPS for the current year.

Insider Buying and Selling

In related news, Director Silvio Morais sold 21,000 shares of StoneCo stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $9.91, for a total value of $208,110.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Wall Street Analysts Forecast Growth

STNE has been the subject of several research reports. Bank of America cut shares of StoneCo from a "buy" rating to a "neutral" rating and set a $13.00 price objective for the company. in a research report on Wednesday, July 15th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of StoneCo in a research note on Monday, September 14th. Jefferies Financial Group began coverage on shares of StoneCo in a research report on Thursday, July 23rd. They set a "hold" rating and a $12.60 target price on the stock. Finally, UBS Group reiterated a "buy" rating on shares of StoneCo in a research report on Thursday, October 15th. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, StoneCo has a consensus rating of "Hold" and an average price target of $14.30.

StoneCo Profile

StoneCo Ltd. is a financial technology company that provides payment processing and business-management solutions primarily to small and medium-sized businesses in Brazil. Through its Stone brand, the company enables merchants to accept payments in physical stores and online, including card, digital-wallet and other electronic transactions.

Its products and services include point-of-sale terminals, payment gateways, transaction processing, digital banking and financial-account services, as well as working-capital and other credit solutions for eligible merchants.

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