Point72 DIFC Ltd Buys 139,182 Shares of StoneCo Ltd. (NASDAQ:STNE)

Point72 DIFC Ltd raised its stake in StoneCo Ltd. (NASDAQ:STNE) by 123.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 251,993 shares of the company’s stock after purchasing an additional 139,182 shares during the period. Point72 DIFC Ltd’s holdings in StoneCo were worth $3,021,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of STNE. Central Bank & Trust Co. acquired a new position in shares of StoneCo during the second quarter valued at about $40,000. Lazard Asset Management LLC bought a new position in StoneCo during the first quarter valued at about $41,000. Benjamin F. Edwards & Company Inc. increased its stake in StoneCo by 152.1% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,497 shares of the company’s stock valued at $58,000 after acquiring an additional 2,110 shares during the period. Y.D. More Investments Ltd raised its holdings in StoneCo by 90.2% in the 2nd quarter. Y.D. More Investments Ltd now owns 4,798 shares of the company’s stock valued at $58,000 after acquiring an additional 2,275 shares in the last quarter. Finally, nVerses Capital LLC bought a new stake in shares of StoneCo in the 2nd quarter worth approximately $137,000. 73.19% of the stock is currently owned by institutional investors and hedge funds.

StoneCo Stock Down 1.7 %

Shares of STNE opened at $11.11 on Tuesday. The business’s fifty day moving average price is $12.92 and its two-hundred day moving average price is $14.15. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 0.44 and a beta of 2.31. StoneCo Ltd. has a 52 week low of $9.34 and a 52 week high of $19.46. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.36 and a current ratio of 1.36.

StoneCo (NASDAQ:STNE) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.04). The business had revenue of $615.13 million during the quarter, compared to the consensus estimate of $590.74 million. StoneCo had a net margin of 15.27% and a return on equity of 13.21%. On average, analysts predict that StoneCo Ltd. will post 1.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

STNE has been the topic of a number of research reports. Barclays lowered their price objective on StoneCo from $16.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 1st. JPMorgan Chase & Co. upgraded shares of StoneCo from a “neutral” rating to an “overweight” rating and set a $20.00 target price on the stock in a research report on Thursday, June 6th. Morgan Stanley reaffirmed an “underweight” rating and set a $7.00 price objective (down from $16.50) on shares of StoneCo in a report on Thursday, September 5th. The Goldman Sachs Group cut their price objective on StoneCo from $21.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, June 26th. Finally, Evercore ISI reduced their price target on shares of StoneCo from $25.00 to $23.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $17.80.

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.