StoneCo Ltd. (NASDAQ:STNE) Shares Purchased by Headlands Technologies LLC

Key Points

• Headlands Technologies LLC significantly increased its stake in StoneCo Ltd. by 998.7% during the first quarter, now owning 24,293 shares valued at approximately $255,000.
• Several institutional investors, including GAMMA Investing LLC and CWM LLC, also reported substantial increases in their holdings in StoneCo during the same period.
• StoneCo's stock recently surged 7.0%, with a current market cap of $4.13 billion and a projected earnings per share of 1.16 for the current year.

Headlands Technologies LLC raised its position in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 998.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,293 shares of the company's stock after buying an additional 22,082 shares during the quarter. Headlands Technologies LLC's holdings in StoneCo were worth $255,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in StoneCo by 1,486.3% during the first quarter. GAMMA Investing LLC now owns 2,903 shares of the company's stock valued at $30,000 after buying an additional 2,720 shares in the last quarter. CWM LLC raised its stake in StoneCo by 327.4% during the first quarter. CWM LLC now owns 3,154 shares of the company's stock valued at $33,000 after buying an additional 2,416 shares in the last quarter. Sterling Capital Management LLC raised its stake in StoneCo by 627.0% during the fourth quarter. Sterling Capital Management LLC now owns 4,551 shares of the company's stock valued at $36,000 after buying an additional 3,925 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in StoneCo by 143.0% during the first quarter. Harbor Capital Advisors Inc. now owns 4,614 shares of the company's stock valued at $48,000 after buying an additional 2,715 shares in the last quarter. Finally, Signaturefd LLC raised its stake in StoneCo by 13.6% during the first quarter. Signaturefd LLC now owns 7,708 shares of the company's stock valued at $81,000 after buying an additional 924 shares in the last quarter. Institutional investors and hedge funds own 73.19% of the company's stock.

StoneCo Stock Up 7.0%

STNE opened at $14.44 on Friday. StoneCo Ltd. has a 12 month low of $7.72 and a 12 month high of $16.68. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market cap of $4.13 billion, a P/E ratio of -20.63, a P/E/G ratio of 0.38 and a beta of 1.88. The stock's 50 day moving average price is $14.47 and its 200 day moving average price is $12.33.

StoneCo (NASDAQ:STNE - Get Free Report) last posted its 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 positive return on equity of 18.19% and a negative net margin of 8.37%. The firm had revenue of $643.82 million for the quarter, compared to analysts' expectations of $3.78 billion. As a group, research analysts predict that StoneCo Ltd. will post 1.16 earnings per share for the current year.

Wall Street Analyst Weigh In

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

About StoneCo

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.

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