one8zero8 LLC Buys 61,125 Shares of StoneCo Ltd. (NASDAQ:STNE)

Key Points

• one8zero8 LLC has increased its stake in StoneCo Ltd. by 21.2%, acquiring an additional 61,125 shares and owning a total of 350,075 shares now valued at approximately $3.67 million.
• Several institutional investors, including Squadra Investments and Point72 Asset Management, have significantly increased their holdings in StoneCo, indicating strong interest from the investment community.
• Despite a quarterly earnings report that beat estimates, StoneCo's stock has received mixed analyst ratings, with changes in price targets reflecting varied opinions on its future performance.

one8zero8 LLC raised its stake in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 21.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 350,075 shares of the company's stock after buying an additional 61,125 shares during the period. StoneCo accounts for 0.9% of one8zero8 LLC's holdings, making the stock its 28th largest holding. one8zero8 LLC owned approximately 0.12% of StoneCo worth $3,669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of STNE. GAMMA Investing LLC lifted its holdings in shares of StoneCo by 1,486.3% during the first quarter. GAMMA Investing LLC now owns 2,903 shares of the company's stock worth $30,000 after purchasing an additional 2,720 shares during the period. CWM LLC lifted its holdings in shares of StoneCo by 327.4% during the first quarter. CWM LLC now owns 3,154 shares of the company's stock worth $33,000 after purchasing an additional 2,416 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of StoneCo by 627.0% during the fourth quarter. Sterling Capital Management LLC now owns 4,551 shares of the company's stock worth $36,000 after purchasing an additional 3,925 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of StoneCo by 143.0% during the first quarter. Harbor Capital Advisors Inc. now owns 4,614 shares of the company's stock worth $48,000 after purchasing an additional 2,715 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of StoneCo by 13.6% during the first quarter. Signaturefd LLC now owns 7,708 shares of the company's stock worth $81,000 after purchasing an additional 924 shares during the period. Institutional investors and hedge funds own 73.19% of the company's stock.

StoneCo Stock Down 0.9%

STNE traded down $0.12 during midday trading on Wednesday, hitting $13.02. The company had a trading volume of 1,868,389 shares, compared to its average volume of 6,116,086. StoneCo Ltd. has a 52 week low of $7.72 and a 52 week high of $16.68. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of -16.69, a PEG ratio of 0.35 and a beta of 1.94. The stock's 50 day moving average price is $14.51 and its 200 day moving average price is $12.06.

StoneCo (NASDAQ:STNE - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. StoneCo had a negative net margin of 8.90% and a positive return on equity of 16.65%. The firm had revenue of $625.86 million during the quarter, compared to the consensus estimate of $3.68 billion. On average, research analysts anticipate that StoneCo Ltd. will post 1.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on STNE shares. Wall Street Zen lowered shares of StoneCo from a "buy" rating to a "hold" rating in a report on Friday, June 6th. Citigroup upgraded shares of StoneCo from a "neutral" rating to a "buy" rating and boosted their target price for the company from $9.00 to $15.00 in a report on Tuesday, April 22nd. Santander upgraded shares of StoneCo from a "neutral" rating to an "outperform" rating in a report on Wednesday, May 21st. Barclays boosted their target price on shares of StoneCo from $13.00 to $15.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Finally, JPMorgan Chase & Co. boosted their target price on shares of StoneCo from $15.50 to $18.50 and gave the company an "overweight" rating in a report on Wednesday, July 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $15.07.

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.