PDT Partners LLC Acquires Shares of 315,438 StoneCo Ltd. $STNE

Key Points

• PDT Partners LLC acquired 315,438 shares of StoneCo Ltd. valued at approximately $3.3 million, representing about 0.11% of the company at the end of the last quarter.
• StoneCo's stock has seen a 0.8% decrease, with a current market price of $16.47 and a market cap of $4.71 billion.
• Analysts hold a consensus rating of "Moderate Buy" for StoneCo, with price targets ranging from $15.00 to $20.00 after recent upgrades by several brokerages.

PDT Partners LLC acquired a new position in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 315,438 shares of the company's stock, valued at approximately $3,306,000. PDT Partners LLC owned about 0.11% of StoneCo at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of STNE. Raymond James Financial Inc. purchased a new stake in shares of StoneCo during the 4th quarter worth approximately $132,000. Price T Rowe Associates Inc. MD lifted its position in shares of StoneCo by 18.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 118,826 shares of the company's stock worth $948,000 after buying an additional 18,659 shares during the last quarter. Northern Trust Corp lifted its position in shares of StoneCo by 44.9% during the 4th quarter. Northern Trust Corp now owns 3,073,658 shares of the company's stock worth $24,497,000 after buying an additional 952,039 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of StoneCo by 104.5% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 599,500 shares of the company's stock worth $4,778,000 after buying an additional 306,400 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its position in shares of StoneCo by 105.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 71,111 shares of the company's stock worth $567,000 after buying an additional 36,456 shares during the last quarter. Hedge funds and other institutional investors own 73.19% of the company's stock.

StoneCo Stock Down 0.8%

STNE stock opened at $16.47 on Tuesday. The company has a fifty day moving average price of $14.88 and a 200 day moving average price of $13.06. StoneCo Ltd. has a 12 month low of $7.72 and a 12 month high of $16.82. The company has a market cap of $4.71 billion, a price-to-earnings ratio of -23.53, a price-to-earnings-growth ratio of 0.44 and a beta of 1.91. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.48 and a quick ratio of 1.48.

StoneCo (NASDAQ:STNE - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.36 by $0.03. StoneCo had a negative net margin of 8.37% and a positive return on equity of 18.71%. The firm had revenue of $643.82 million during the quarter, compared to the consensus estimate of $3.78 billion. Sell-side analysts expect that StoneCo Ltd. will post 1.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on STNE. Wall Street Zen downgraded shares of StoneCo from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. Zacks Research upgraded shares of StoneCo to a "strong-buy" rating in a research report on Tuesday, August 12th. Barclays boosted their price objective on shares of StoneCo from $13.00 to $15.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. UBS Group upped 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. Finally, JPMorgan Chase & Co. upped their price target on shares of StoneCo from $15.50 to $18.50 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, seven 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 company currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.36.

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.