StoneCo Ltd. $STNE Shares Purchased by 14B Captial Management LP

by · The Cerbat Gem

14B Captial Management LP boosted its stake in StoneCo Ltd. (NASDAQ:STNE – Free Report) by 23.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,299,000 shares of the company’s stock after purchasing an additional 250,000 shares during the period. StoneCo comprises approximately 5.7% of 14B Captial Management LP’s portfolio, making the stock its 8th largest position. 14B Captial Management LP owned 0.45% of StoneCo worth $13,614,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings 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 purchasing an additional 2,720 shares during the last quarter. CWM LLC increased its holdings 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 purchasing an additional 2,416 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings 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 purchasing an additional 2,715 shares during the last quarter. Twin Tree Management LP acquired a new stake in StoneCo in the 1st quarter valued at approximately $58,000. Finally, Signaturefd LLC increased its holdings 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 purchasing an additional 924 shares during the last quarter. Institutional investors and hedge funds own 73.19% of the company’s stock.

Analyst Upgrades and Downgrades

STNE has been the subject of several research reports. Santander upgraded shares of StoneCo from a “neutral” rating to an “outperform” rating in a report on Wednesday, May 21st. Zacks Research raised shares of StoneCo to a “strong-buy” rating in a research report on Tuesday, August 12th. JPMorgan Chase & Co. raised their price target on shares of StoneCo from $15.50 to $18.50 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Barclays raised their price target on shares of StoneCo from $13.00 to $15.00 and gave the company an “equal weight” rating in a research report on Monday, May 12th. Finally, Wall Street Zen cut shares of StoneCo from a “buy” rating to a “hold” rating in a research report on Friday, June 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $15.36.

View Our Latest Stock Report on STNE

StoneCo Price Performance

StoneCo stock opened at $16.28 on Wednesday. The stock has a market cap of $4.66 billion, a P/E ratio of -23.26, a price-to-earnings-growth ratio of 0.44 and a beta of 1.91. The company has a fifty day simple moving average of $14.89 and a 200-day simple moving average of $13.08. StoneCo Ltd. has a 12-month low of $7.72 and a 12-month high of $16.82. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.76.

StoneCo (NASDAQ:STNE – Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. The business had revenue of $643.82 million during 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%. Equities analysts expect that StoneCo Ltd. will post 1.16 EPS for the current fiscal year.

StoneCo Profile

(Free Report)

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.

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