StoneCo Ltd. (NASDAQ:STNE) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. grew its holdings in shares of StoneCo Ltd. (NASDAQ:STNE) by 143.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,614 shares of the company’s stock after purchasing an additional 2,715 shares during the period. Harbor Capital Advisors Inc.’s holdings in StoneCo were worth $48,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Point72 Asset Management L.P. raised its holdings in shares of StoneCo by 22.2% during the fourth 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 during the period. Squadra Investments Gestao DE Recursos LTDA. raised its holdings in shares of StoneCo by 46.8% during the fourth quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 13,951,183 shares of the company’s stock worth $111,191,000 after purchasing an additional 4,446,709 shares during the period. Atmos Capital Gestao DE Recursos LTDA. raised its holdings in shares of StoneCo by 23.0% during the fourth quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 11,623,836 shares of the company’s stock worth $92,642,000 after purchasing an additional 2,173,389 shares during the period. Nuveen Asset Management LLC raised its holdings in shares of StoneCo by 40.3% during the fourth quarter. Nuveen Asset Management LLC now owns 6,993,611 shares of the company’s stock worth $55,739,000 after purchasing an additional 2,008,710 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of StoneCo by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 5,419,797 shares of the company’s stock worth $43,120,000 after purchasing an additional 229,453 shares during the period. 73.19% of the stock is owned by institutional investors and hedge funds.

StoneCo Price Performance

Shares of NASDAQ:STNE opened at $13.76 on Monday. StoneCo Ltd. has a 52 week low of $7.72 and a 52 week high of $15.08. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $3.94 billion, a P/E ratio of 10.75, a PEG ratio of 0.41 and a beta of 1.92. The firm’s 50 day moving average is $13.16 and its two-hundred day moving average is $10.64.

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

Analyst Ratings Changes

A number of analysts have weighed in on STNE shares. Santander raised shares of StoneCo from a “neutral” rating to an “outperform” rating in a report on Wednesday, May 21st. Wells Fargo & Company upgraded shares of StoneCo from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, March 19th. Citigroup upgraded shares of StoneCo from a “neutral” rating to a “buy” rating and raised their price target for the company from $9.00 to $15.00 in a research note on Tuesday, April 22nd. 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 note on Monday, May 12th. Finally, Wall Street Zen lowered shares of StoneCo from a “buy” rating to a “hold” rating in a research note on Friday, June 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $15.63.

StoneCo 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.