Y Intercept Hong Kong Ltd Takes $1.77 Million Position in StoneCo Ltd. (NASDAQ:STNE)

Y Intercept Hong Kong Ltd acquired a new position in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 169,058 shares of the company's stock, valued at approximately $1,772,000. Y Intercept Hong Kong Ltd owned approximately 0.06% of StoneCo at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of STNE. Proficio Capital Partners LLC bought a new position in shares of StoneCo in the fourth quarter worth about $101,000. Raymond James Financial Inc. bought a new position in StoneCo in the 4th quarter valued at $132,000. HighTower Advisors LLC acquired a new stake in shares of StoneCo in the 4th quarter valued at $312,000. Cibc World Markets Corp bought a new stake in shares of StoneCo during the fourth quarter worth $214,000. Finally, Thrivent Financial for Lutherans lifted its stake in shares of StoneCo by 6.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 21,082 shares of the company's stock valued at $168,000 after acquiring an additional 1,205 shares during the period. 73.19% of the stock is owned by institutional investors and hedge funds.

StoneCo Stock Up 0.3%

Shares of StoneCo stock traded up $0.04 during trading on Friday, reaching $13.38. The stock had a trading volume of 3,189,730 shares, compared to its average volume of 5,334,772. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of -17.15, a P/E/G ratio of 0.35 and a beta of 1.94. The stock has a fifty day moving average price of $14.51 and a two-hundred day moving average price of $11.96. StoneCo Ltd. has a 52 week low of $7.72 and a 52 week high of $16.68.

StoneCo (NASDAQ:STNE - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $625.86 million for the quarter, compared to analyst estimates of $3.68 billion. Sell-side analysts predict that StoneCo Ltd. will post 1.16 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.