StoneCo Ltd. $STNE Shares Acquired by 14B Captial Management LP

Key Points

• 14B Capital Management LP increased its stake in StoneCo Ltd. by 23.8%, acquiring a total of 1,299,000 shares, which makes up 5.7% of its portfolio.
• Several institutional investors have significantly increased their positions in StoneCo, with holdings growing by over 1,400% in some cases during the first quarter.
• Analysts have varying opinions on StoneCo, with a consensus rating of "Moderate Buy" and a price target of $15.36, reflecting recent upgrades and downgrades from major firms.

14B Captial Management LP raised its position in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 23.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,299,000 shares of the company's stock after purchasing an additional 250,000 shares during the quarter. StoneCo comprises 5.7% of 14B Captial Management LP's investment portfolio, making the stock its 8th biggest position. 14B Captial Management LP owned 0.45% of StoneCo worth $13,614,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of STNE. Harbor Capital Advisors Inc. increased its holdings in shares of StoneCo by 143.0% in the first quarter. Harbor Capital Advisors Inc. now owns 4,614 shares of the company's stock valued at $48,000 after purchasing an additional 2,715 shares during the period. SG Americas Securities LLC purchased a new position in StoneCo during the 1st quarter valued at about $597,000. Fourth Sail Capital LP acquired a new stake in StoneCo during the 1st quarter valued at $13,640,000. GAMMA Investing LLC increased its position in StoneCo by 1,486.3% during the 1st quarter. GAMMA Investing LLC now owns 2,903 shares of the company's stock worth $30,000 after purchasing an additional 2,720 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of StoneCo in the fourth quarter valued at approximately $132,000. 73.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

STNE has been the topic of a number of research reports. UBS Group raised their target price on shares of StoneCo from $15.00 to $20.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Zacks Research raised shares of StoneCo to a "strong-buy" rating in a research report on Tuesday, August 12th. Santander raised shares of StoneCo from a "neutral" rating to an "outperform" rating in a report on Wednesday, May 21st. Wall Street Zen downgraded shares of StoneCo from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. Finally, Barclays increased their price target on StoneCo from $13.00 to $15.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $15.36.

StoneCo Trading Down 1.6%

STNE stock traded down $0.28 during mid-day trading on Monday, reaching $17.03. 2,181,922 shares of the stock traded hands, compared to its average volume of 5,904,781. The business has a 50-day moving average price of $14.98 and a two-hundred day moving average price of $13.24. The stock has a market capitalization of $4.87 billion, a PE ratio of -24.32, a PEG ratio of 0.46 and a beta of 1.91. StoneCo Ltd. has a one year low of $7.72 and a one year high of $17.49. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.48 and a current ratio of 1.48.

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

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.