XTX Topco Ltd Has $1.70 Million Stock Position in StoneCo Ltd. (NASDAQ:STNE)

Key Points

• XTX Topco Ltd increased its stake in StoneCo Ltd by 93.5%, acquiring an additional 78,481 shares, bringing its total ownership to 162,380 shares valued at approximately $1.7 million.
• Multiple large investors have also raised their stakes in StoneCo, with notable increases including Edgestream Partners L.P. boosting their holdings by 469.1% during the first quarter.
• Research firms have upgraded their ratings for StoneCo, with Santander moving from "neutral" to "outperform" and Barclays raising their price objective from $13 to $15.

XTX Topco Ltd lifted its holdings in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 93.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,380 shares of the company's stock after buying an additional 78,481 shares during the quarter. XTX Topco Ltd owned 0.06% of StoneCo worth $1,702,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. 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. CWM LLC boosted its stake in StoneCo by 327.4% in the 1st quarter. CWM LLC now owns 3,154 shares of the company's stock worth $33,000 after buying an additional 2,416 shares during the last quarter. Sterling Capital Management LLC grew its holdings 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 buying an additional 3,925 shares during the period. Harbor Capital Advisors Inc. increased its position in StoneCo by 143.0% during the first quarter. Harbor Capital Advisors Inc. now owns 4,614 shares of the company's stock worth $48,000 after purchasing an additional 2,715 shares during the last quarter. Finally, Signaturefd LLC raised its stake in StoneCo by 13.6% during the first quarter. Signaturefd LLC now owns 7,708 shares of the company's stock worth $81,000 after purchasing an additional 924 shares during the period. Institutional investors and hedge funds own 73.19% of the company's stock.

Analysts Set New Price Targets

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

StoneCo Stock Performance

STNE stock traded up $0.21 during mid-day trading on Tuesday, reaching $12.98. The company had a trading volume of 1,736,715 shares, compared to its average volume of 6,049,649. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.74. The stock's 50-day simple moving average is $14.47 and its two-hundred day simple moving average is $12.21. The stock has a market capitalization of $3.71 billion, a P/E ratio of -16.65, a P/E/G ratio of 0.33 and a beta of 1.88. StoneCo Ltd. has a one year low of $7.72 and a one year high of $16.68.

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

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.