JGP Global Gestao de Recursos Ltda. Has $60.81 Million Stake in StoneCo Ltd. $STNE

JGP Global Gestao de Recursos Ltda. lessened its position in shares of StoneCo Ltd. (NASDAQ:STNE) by 29.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,215,966 shares of the company’s stock after selling 1,338,359 shares during the quarter. StoneCo makes up about 35.4% of JGP Global Gestao de Recursos Ltda.’s investment portfolio, making the stock its 2nd largest position. JGP Global Gestao de Recursos Ltda.’s holdings in StoneCo were worth $60,814,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Richardson Financial Services Inc. bought a new position in StoneCo in the second quarter worth $29,000. Farther Finance Advisors LLC raised its stake in shares of StoneCo by 334.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,598 shares of the company’s stock valued at $42,000 after buying an additional 2,000 shares in the last quarter. USA Financial Formulas bought a new position in shares of StoneCo during the 3rd quarter worth about $55,000. GAMMA Investing LLC boosted its position in shares of StoneCo by 43.6% during the 2nd quarter. GAMMA Investing LLC now owns 4,170 shares of the company’s stock valued at $67,000 after acquiring an additional 1,267 shares in the last quarter. Finally, CWM LLC boosted its position in shares of StoneCo by 44.7% during the 2nd quarter. CWM LLC now owns 4,565 shares of the company’s stock valued at $73,000 after acquiring an additional 1,411 shares in the last quarter. 73.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

STNE has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of StoneCo in a research report on Wednesday, October 8th. Wall Street Zen cut StoneCo from a “buy” rating to a “hold” rating in a report on Monday, October 27th. The Goldman Sachs Group raised their target price on StoneCo from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Finally, Zacks Research cut StoneCo from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 16th. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, StoneCo currently has an average rating of “Hold” and a consensus target price of $17.21.

StoneCo Stock Performance

NASDAQ STNE opened at $14.89 on Friday. StoneCo Ltd. has a 1-year low of $7.72 and a 1-year high of $19.95. The company has a 50 day moving average of $15.70 and a 200-day moving average of $16.19. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.72. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of -27.57, a PEG ratio of 0.26 and a beta of 1.83.

StoneCo (NASDAQ:STNE) last announced its earnings results on Thursday, November 6th. The company reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43. StoneCo had a positive return on equity of 20.18% and a negative net margin of 7.28%.The business had revenue of $669.49 million for the quarter, compared to the consensus estimate of $669.81 million. On average, equities analysts forecast that StoneCo Ltd. will post 1.16 earnings per share for the current fiscal year.

About StoneCo

StoneCo Ltd., commonly known as Stone, is a Brazilian financial technology company that provides integrated digital payment solutions and related financial services to merchants. Through its cloud-based platform, Stone enables businesses of all sizes to accept a variety of payment methods, including point-of-sale (POS) terminals, mobile card readers and e-commerce gateways. In addition to payment acceptance, the company offers value-added services such as working capital loans, digital banking products and automated billing tools designed to help merchants manage cash flow and streamline operations.

Since its founding in 2012 by André Street and Eduardo Pontes, Stone has focused on serving over half a million merchants across Brazil’s retail, restaurant and services sectors.