StoneCo Ltd. $STNE Shares Acquired by Andra AP fonden

Key Points

• Andra AP fonden increased its StoneCo stake by 159.5% in the second quarter, adding 979,400 shares to own 1.59 million shares worth approximately $17.3 million. Institutional investors collectively hold 73.19% of the company.
• StoneCo shares opened at $9.86, near the lower end of their 52-week range of $9.08 to $19.95. The stock trades at a price-to-earnings ratio of 3.98, while its latest quarterly EPS of $0.47 narrowly exceeded analyst estimates.
• Wall Street’s consensus rating is “Hold”, with four Buy ratings and six Hold ratings and an average price target of $14.30. Recent targets range from $12.60 to $16.50, although several analysts have reduced their expectations.

Andra AP fonden increased its stake in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 159.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,593,600 shares of the company's stock after purchasing an additional 979,400 shares during the period. Andra AP fonden owned 0.64% of StoneCo worth $17,275,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. SPX Gestao de Recursos Ltda lifted its position in StoneCo by 47.6% in the 1st quarter. SPX Gestao de Recursos Ltda now owns 7,728,014 shares of the company's stock valued at $109,120,000 after purchasing an additional 2,491,394 shares during the last quarter. BRC Global BAH Investments Ltd. boosted its position in shares of StoneCo by 32.7% during the first quarter. BRC Global BAH Investments Ltd. now owns 7,580,409 shares of the company's stock worth $107,035,000 after buying an additional 1,867,018 shares during the period. Squadra Investments Gestao DE Recursos LTDA. grew its holdings in StoneCo by 435.5% in 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. Bank of America Corp DE grew its holdings in StoneCo by 151.7% in the 1st quarter. Bank of America Corp DE now owns 6,032,572 shares of the company's stock worth $85,180,000 after buying an additional 3,636,276 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in StoneCo by 34.7% in the 4th quarter. Geode Capital Management LLC now owns 4,856,536 shares of the company's stock worth $71,637,000 after buying an additional 1,251,385 shares in the last quarter. Institutional investors and hedge funds own 73.19% of the company's stock.

StoneCo Price Performance

Shares of NASDAQ STNE opened at $9.86 on Wednesday. StoneCo Ltd. has a twelve month low of $9.08 and a twelve month high of $19.95. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.84. The firm has a 50-day moving average of $10.28 and a two-hundred day moving average of $11.52. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 3.98, a PEG ratio of 0.27 and a beta of 1.75.

StoneCo (NASDAQ:STNE - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. StoneCo had a net margin of 22.92% and a return on equity of 22.19%. The company had revenue of $129.73 million for the quarter, compared to analysts' expectations of $708.24 million. As a group, analysts expect that StoneCo Ltd. will post 2.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Jefferies Financial Group assumed coverage on StoneCo in a research report on Thursday, July 23rd. They set a "hold" rating and a $12.60 price target for the company. JPMorgan Chase & Co. lowered their price target on StoneCo from $20.00 to $16.50 and set an "overweight" rating on the stock in a report on Wednesday, May 27th. UBS Group cut their price objective on shares of StoneCo from $15.00 to $13.00 and set a "buy" rating on the stock in a research note on Friday, August 28th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of StoneCo in a report on Monday, September 14th. Finally, Bank of America lowered shares of StoneCo from a "buy" rating to a "neutral" rating and set a $13.00 target price for the company. in a research report on Wednesday, July 15th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, StoneCo presently has an average rating of "Hold" and an average target price of $14.30.

Insider Transactions at StoneCo

In other StoneCo news, Director Silvio Morais sold 21,000 shares of StoneCo stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $9.91, for a total value of $208,110.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

About StoneCo

StoneCo Ltd. is a financial technology company serving businesses and consumers in Brazil. Through its Stone and Ton brands, the company provides electronic payment processing and point-of-sale solutions, including card acceptance, digital payments, payment links and related tools for merchants of varying sizes.

StoneCo also offers financial services designed to support small and medium-sized businesses, such as digital banking, working-capital products and other business management tools.

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