21,306 Shares in StoneCo Ltd. $STNE Purchased by Vident Advisory LLC

Key Points

• Vident Advisory LLC invested approximately $223,000 in StoneCo Ltd. by acquiring 21,306 shares in the first quarter, highlighting growing institutional interest in the stock.
• StoneCo's stock has experienced a positive shift, with a trading increase of 3.4%, opening at $17.85, driven by enhanced ratings and price targets from various analysts.
• The company reported an EPS of $0.39 for its last quarter, surpassing the consensus estimate, indicating a strong operational performance despite a net margin of -8.37%.

Vident Advisory LLC bought a new stake in StoneCo Ltd. (NASDAQ:STNE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 21,306 shares of the company's stock, valued at approximately $223,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of StoneCo by 1,486.3% in the first quarter. GAMMA Investing LLC now owns 2,903 shares of the company's stock valued at $30,000 after purchasing an additional 2,720 shares during the period. CWM LLC boosted its stake in shares of StoneCo by 327.4% in the first quarter. CWM LLC now owns 3,154 shares of the company's stock valued at $33,000 after purchasing an additional 2,416 shares during the period. Harbor Capital Advisors Inc. boosted its stake in StoneCo by 143.0% during 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 last quarter. Signaturefd LLC boosted its stake in StoneCo by 13.6% during 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 last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in StoneCo by 18.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,473 shares of the company's stock valued at $89,000 after acquiring an additional 1,317 shares during the last quarter. 73.19% of the stock is currently owned by hedge funds and other institutional investors.

StoneCo Stock Performance

Shares of NASDAQ:STNE traded up $0.36 on Monday, reaching $18.65. 5,651,255 shares of the company's stock were exchanged, compared to its average volume of 4,223,586. The firm has a market capitalization of $5.33 billion, a price-to-earnings ratio of -26.64, a PEG ratio of 0.39 and a beta of 1.91. StoneCo Ltd. has a fifty-two week low of $7.72 and a fifty-two week high of $18.78. The business's 50-day moving average is $15.20 and its two-hundred day moving average is $13.59. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.76.

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

Analyst Ratings Changes

STNE has been the topic of a number of research analyst reports. Santander upgraded shares of StoneCo from a "neutral" rating to an "outperform" rating in a research note on Wednesday, May 21st. UBS Group increased their price objective 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. Bank of America increased their price objective on shares of StoneCo from $15.00 to $25.00 and gave the company a "buy" rating in a research note on Tuesday, September 9th. Wall Street Zen downgraded shares of StoneCo from a "buy" rating to a "hold" rating in a research note on Friday, June 6th. Finally, JPMorgan Chase & Co. increased their target price on shares of StoneCo from $15.50 to $18.50 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, StoneCo presently has an average rating of "Moderate Buy" and an average price target of $16.56.

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.