Truffle Hound Capital LLC Boosts Stock Position in StoneCo Ltd. (NASDAQ:STNE)

Key Points

• Truffle Hound Capital LLC increased its stake in StoneCo Ltd. by 220.0%, owning 400,000 shares following the acquisition of 275,000 additional shares in the first quarter.
• Several institutional investors also boosted their stakes in StoneCo, with PNC Financial Services Group increasing holdings by 18.4% and XTX Topco Ltd. increasing by 93.5% during the same period.
• Wall Street analysts have mixed opinions on StoneCo's stock, with an average rating of "Moderate Buy" and recent price targets raised by firms like Barclays and JPMorgan Chase.

Truffle Hound Capital LLC lifted its stake in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 220.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 400,000 shares of the company's stock after purchasing an additional 275,000 shares during the period. StoneCo accounts for 1.5% of Truffle Hound Capital LLC's holdings, making the stock its 19th biggest position. Truffle Hound Capital LLC owned about 0.14% of StoneCo worth $4,192,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in STNE. GAMMA Investing LLC raised its stake in StoneCo by 1,486.3% in the 1st quarter. GAMMA Investing LLC now owns 2,903 shares of the company's stock valued at $30,000 after acquiring an additional 2,720 shares during the period. CWM LLC raised its stake in StoneCo by 327.4% in the 1st quarter. CWM LLC now owns 3,154 shares of the company's stock valued at $33,000 after acquiring an additional 2,416 shares during the period. Sterling Capital Management LLC raised its stake in StoneCo by 627.0% in the 4th quarter. Sterling Capital Management LLC now owns 4,551 shares of the company's stock valued at $36,000 after acquiring an additional 3,925 shares during the period. Harbor Capital Advisors Inc. raised its stake in StoneCo by 143.0% in the 1st quarter. Harbor Capital Advisors Inc. now owns 4,614 shares of the company's stock valued at $48,000 after acquiring an additional 2,715 shares during the period. Finally, Signaturefd LLC raised its stake in StoneCo by 13.6% in the 1st quarter. Signaturefd LLC now owns 7,708 shares of the company's stock valued at $81,000 after acquiring an additional 924 shares during the period. Institutional investors own 73.19% of the company's stock.

Wall Street Analysts Forecast Growth

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

StoneCo Stock Up 4.4%

StoneCo stock traded up $0.57 during mid-day trading on Wednesday, reaching $13.41. The stock had a trading volume of 6,556,395 shares, compared to its average volume of 6,059,703. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.39 and a current ratio of 1.39. StoneCo Ltd. has a fifty-two week low of $7.72 and a fifty-two week high of $16.68. The stock's 50-day simple moving average is $14.45 and its 200-day simple moving average is $12.22. The firm has a market capitalization of $3.84 billion, a PE ratio of -17.19, a price-to-earnings-growth ratio of 0.34 and a beta of 1.88.

StoneCo (NASDAQ:STNE - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.02. The firm had revenue of $625.86 million during the quarter, compared to analysts' expectations of $3.68 billion. StoneCo had a positive return on equity of 16.65% and a negative net margin of 8.90%. On average, sell-side analysts forecast that StoneCo Ltd. will post 1.16 EPS for the current fiscal year.

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.