14B Captial Management LP Grows Stake in StoneCo Ltd. $STNE

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 grew its stake in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 23.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,299,000 shares of the company's stock after acquiring an additional 250,000 shares during the period. StoneCo accounts for 5.7% of 14B Captial Management LP's holdings, making the stock its 8th largest position. 14B Captial Management LP owned about 0.45% of StoneCo worth $13,614,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Point72 Asset Management L.P. lifted its position in StoneCo by 22.2% during the fourth quarter. Point72 Asset Management L.P. now owns 13,956,554 shares of the company's stock worth $111,234,000 after acquiring an additional 2,534,079 shares during the last quarter. Squadra Investments Gestao DE Recursos LTDA. raised its position in shares of StoneCo by 46.8% in the fourth quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 13,951,183 shares of the company's stock valued at $111,191,000 after buying an additional 4,446,709 shares in the last quarter. Nuveen Asset Management LLC raised its position in shares of StoneCo by 40.3% in the fourth quarter. Nuveen Asset Management LLC now owns 6,993,611 shares of the company's stock valued at $55,739,000 after buying an additional 2,008,710 shares in the last quarter. Nuveen LLC acquired a new stake in shares of StoneCo in the first quarter valued at approximately $70,502,000. Finally, JGP Global Gestao de Recursos Ltda. lifted its position in shares of StoneCo by 484.8% during the 1st quarter. JGP Global Gestao de Recursos Ltda. now owns 4,472,738 shares of the company's stock valued at $46,874,000 after acquiring an additional 3,707,941 shares during the period. 73.19% of the stock is currently owned by institutional investors and hedge funds.

StoneCo Price Performance

STNE traded up $0.79 on Friday, reaching $17.30. The stock had a trading volume of 5,286,094 shares, compared to its average volume of 4,556,110. StoneCo Ltd. has a fifty-two week low of $7.72 and a fifty-two week high of $17.44. The firm has a 50-day moving average of $14.98 and a 200-day moving average of $13.20. 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 company has a market capitalization of $4.95 billion, a price-to-earnings ratio of -24.71, a price-to-earnings-growth ratio of 0.44 and a beta of 1.91.

StoneCo (NASDAQ:STNE - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.03. The business had revenue of $643.82 million during the quarter, compared to analysts' expectations of $3.78 billion. StoneCo had a positive return on equity of 18.71% and a negative net margin of 8.37%. As a group, sell-side analysts anticipate that StoneCo Ltd. will post 1.16 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Barclays upped their target price on StoneCo from $13.00 to $15.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. UBS Group upped their target price on StoneCo from $15.00 to $20.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Wall Street Zen downgraded StoneCo from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. JPMorgan Chase & Co. upped their target price on StoneCo from $15.50 to $18.50 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Finally, Santander upgraded StoneCo from a "neutral" rating to an "outperform" rating in a research report on Wednesday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, StoneCo presently has an average rating of "Moderate Buy" and an average target price of $15.36.

StoneCo 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.