Y Intercept Hong Kong Ltd Acquires New Holdings in StoneCo Ltd. (NASDAQ:STNE)

Y Intercept Hong Kong Ltd purchased a new position in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 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 reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in STNE. Signaturefd LLC increased its stake in shares of StoneCo by 13.6% during the 1st quarter. Signaturefd LLC now owns 7,708 shares of the company's stock worth $81,000 after purchasing an additional 924 shares during the last quarter. Edgestream Partners L.P. grew its stake in StoneCo by 469.1% in the 1st quarter. Edgestream Partners L.P. now owns 330,185 shares of the company's stock valued at $3,460,000 after buying an additional 272,167 shares during the last quarter. CWM LLC grew 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 buying an additional 2,416 shares during the last quarter. Xponance Inc. grew its stake in StoneCo by 4.7% in the 1st quarter. Xponance Inc. now owns 21,762 shares of the company's stock valued at $228,000 after buying an additional 981 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in StoneCo in the 1st quarter valued at about $265,000. 73.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

StoneCo Price Performance

Shares of StoneCo stock traded up $0.04 on Friday, reaching $13.38. 3,189,730 shares of the stock were exchanged, compared to its average volume of 6,196,601. The firm's 50 day moving average is $14.51 and its 200-day moving average is $11.93. StoneCo Ltd. has a one year low of $7.72 and a one year high of $16.68. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market cap of $3.83 billion, a PE ratio of -17.15, a P/E/G ratio of 0.37 and a beta of 1.94.

StoneCo (NASDAQ:STNE - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. The business had revenue of $625.86 million during the quarter, compared to the consensus estimate of $3.68 billion. StoneCo had a negative net margin of 8.90% and a positive return on equity of 16.65%. As a group, analysts anticipate 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.