640,725 Shares in StoneCo Ltd. $STNE Acquired by Truxt Investmentos Ltda.

Truxt Investmentos Ltda. purchased a new stake in StoneCo Ltd. (NASDAQ:STNE) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 640,725 shares of the company’s stock, valued at approximately $12,116,000. StoneCo comprises about 18.1% of Truxt Investmentos Ltda.’s investment portfolio, making the stock its 2nd largest position. Truxt Investmentos Ltda. owned 0.22% of StoneCo as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of STNE. Exchange Traded Concepts LLC grew its stake in shares of StoneCo by 0.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 220,874 shares of the company’s stock worth $4,177,000 after purchasing an additional 978 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of StoneCo by 13.0% in the second quarter. PNC Financial Services Group Inc. now owns 9,577 shares of the company’s stock valued at $154,000 after acquiring an additional 1,104 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in shares of StoneCo by 6.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 18,399 shares of the company’s stock worth $295,000 after purchasing an additional 1,140 shares during the last quarter. Richardson Financial Services Inc. boosted its position in StoneCo by 64.2% during the third quarter. Richardson Financial Services Inc. now owns 2,943 shares of the company’s stock worth $56,000 after acquiring an additional 1,151 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of StoneCo by 47.8% during the third quarter. Farther Finance Advisors LLC now owns 3,839 shares of the company’s stock worth $73,000 after purchasing an additional 1,241 shares during the last quarter. Hedge funds and other institutional investors own 73.19% of the company’s stock.

StoneCo Stock Performance

STNE stock opened at $16.93 on Tuesday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of -31.35, a P/E/G ratio of 0.28 and a beta of 1.81. The firm has a 50 day moving average of $15.25 and a two-hundred day moving average of $16.18. StoneCo Ltd. has a 12 month low of $8.64 and a 12 month high of $19.95.

StoneCo (NASDAQ:STNE) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.43 earnings per share 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 company had revenue of $669.49 million for the quarter, compared to analyst estimates of $669.81 million. As a group, equities analysts anticipate that StoneCo Ltd. will post 1.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. UBS Group reduced their price objective on StoneCo from $20.00 to $19.50 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Wall Street Zen downgraded StoneCo from a “buy” rating to a “hold” rating in a research note on Monday, October 27th. Santander cut shares of StoneCo from an “outperform” rating to a “neutral” rating in a report on Thursday, January 29th. The Goldman Sachs Group reduced their target price on StoneCo from $22.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, January 27th. Finally, Zacks Research lowered StoneCo from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 16th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $16.86.

StoneCo Company Profile

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.