Park Avenue Securities LLC Makes New $1.41 Million Investment in StoneCo Ltd. $STNE

Key Points

• Park Avenue Securities LLC made a new investment of approximately $1.41 million in StoneCo Ltd., acquiring 87,969 shares during the second quarter.
• StoneCo's stock recently opened at $18.57, with a market cap of $5.31 billion and a P/E ratio of -26.53, indicating ongoing financial challenges.
• Analysts have mixed outlooks on StoneCo, with several upgrades including a price target increase to $25.00 from Bank of America and a consensus rating of "Moderate Buy."

Park Avenue Securities LLC bought a new position in StoneCo Ltd. (NASDAQ:STNE - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 87,969 shares of the company's stock, valued at approximately $1,411,000.

A number of other institutional investors have also bought and sold shares of the business. Farther Finance Advisors LLC raised its position in shares of StoneCo by 334.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,598 shares of the company's stock valued at $42,000 after buying an additional 2,000 shares during the period. Assenagon Asset Management S.A. raised its position in shares of StoneCo by 26.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,927,369 shares of the company's stock valued at $30,915,000 after buying an additional 407,177 shares during the period. Perpetual Ltd purchased a new stake in shares of StoneCo during the 2nd quarter valued at approximately $4,877,000. Exchange Traded Concepts LLC raised its position in shares of StoneCo by 398.0% during the 2nd quarter. Exchange Traded Concepts LLC now owns 219,896 shares of the company's stock valued at $3,527,000 after buying an additional 175,738 shares during the period. Finally, Strs Ohio purchased a new stake in shares of StoneCo during the 1st quarter valued at approximately $70,000. 73.19% of the stock is owned by hedge funds and other institutional investors.

StoneCo Stock Performance

Shares of STNE stock opened at $18.57 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.76. The firm has a fifty day moving average price of $15.76 and a 200 day moving average price of $14.07. The company has a market cap of $5.31 billion, a P/E ratio of -26.53, a PEG ratio of 0.38 and a beta of 1.91. StoneCo Ltd. has a 12 month low of $7.72 and a 12 month high of $19.62.

StoneCo (NASDAQ:STNE - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.03. The firm had revenue of $643.82 million during 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%. Sell-side analysts predict that StoneCo Ltd. will post 1.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on STNE. Zacks Research raised shares of StoneCo to a "strong-buy" rating in a research report on Tuesday, August 12th. UBS Group lifted their price target on shares of StoneCo from $15.00 to $20.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Bank of America lifted their price target on shares of StoneCo from $15.00 to $25.00 and gave the company a "buy" rating in a research report on Tuesday, September 9th. Wall Street Zen lowered shares of StoneCo from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. Finally, JPMorgan Chase & Co. lifted 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. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, StoneCo has a consensus 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.

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.