GAMMA Investing LLC Has $2.90 Million Stock Position in StoneCo Ltd. (NASDAQ:STNE)

GAMMA Investing LLC increased its position in shares of StoneCo Ltd. (NASDAQ:STNE) by 16,524.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,423 shares of the company’s stock after purchasing an additional 30,240 shares during the quarter. GAMMA Investing LLC’s holdings in StoneCo were worth $2,903,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Point72 Asset Management L.P. increased its position in shares of StoneCo by 22.2% during the 4th quarter. Point72 Asset Management L.P. now owns 13,956,554 shares of the company’s stock worth $111,234,000 after purchasing an additional 2,534,079 shares in the last quarter. Squadra Investments Gestao DE Recursos LTDA. raised its position in StoneCo by 46.8% in the 4th quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 13,951,183 shares of the company’s stock valued at $111,191,000 after purchasing an additional 4,446,709 shares during the last quarter. Atmos Capital Gestao DE Recursos LTDA. raised its position in StoneCo by 23.0% in the 4th quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 11,623,836 shares of the company’s stock valued at $92,642,000 after purchasing an additional 2,173,389 shares during the last quarter. Nuveen Asset Management LLC raised its position in StoneCo by 40.3% in the 4th quarter. Nuveen Asset Management LLC now owns 6,993,611 shares of the company’s stock valued at $55,739,000 after purchasing an additional 2,008,710 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in StoneCo by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 5,419,797 shares of the company’s stock valued at $43,120,000 after purchasing an additional 229,453 shares during the last quarter. Institutional investors and hedge funds own 73.19% of the company’s stock.

StoneCo Price Performance

STNE opened at $13.94 on Friday. The company has a fifty day moving average price of $13.09 and a two-hundred day moving average price of $10.62. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.42 and a current ratio of 1.42. StoneCo Ltd. has a 52 week low of $7.72 and a 52 week high of $15.08. The firm has a market capitalization of $3.99 billion, a PE ratio of 10.89, a P/E/G ratio of 0.41 and a beta of 1.92.

StoneCo (NASDAQ:STNE) last released its earnings results on Thursday, May 8th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $625.86 million during the quarter, compared to analyst estimates of $3.68 billion. StoneCo had a net margin of 16.02% and a return on equity of 13.92%. As a group, analysts anticipate that StoneCo Ltd. will post 1.16 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Santander upgraded StoneCo from a “neutral” rating to an “outperform” rating in a research report on Wednesday, May 21st. Morgan Stanley upped their target price on shares of StoneCo from $5.70 to $6.00 and gave the stock an “underweight” rating in a research report on Friday, March 21st. Citigroup upgraded shares of StoneCo from a “neutral” rating to a “buy” rating and upped their target price for the stock from $9.00 to $15.00 in a research report on Tuesday, April 22nd. Wells Fargo & Company upgraded shares of StoneCo from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, March 19th. Finally, Barclays upped their target price on shares of StoneCo from $13.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, StoneCo currently has a consensus rating of “Moderate Buy” and an average target price of $15.63.

StoneCo Company 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.