Xponance Inc. Acquires 981 Shares of StoneCo Ltd. (NASDAQ:STNE)

Xponance Inc. lifted its holdings in shares of StoneCo Ltd. (NASDAQ:STNE) by 4.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,762 shares of the company’s stock after purchasing an additional 981 shares during the quarter. Xponance Inc.’s holdings in StoneCo were worth $228,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in STNE. Point72 Asset Management L.P. boosted its position in StoneCo by 22.2% in the fourth quarter. Point72 Asset Management L.P. now owns 13,956,554 shares of the company’s stock valued at $111,234,000 after buying an additional 2,534,079 shares in the last quarter. Squadra Investments Gestao DE Recursos LTDA. raised its stake in 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 buying an additional 4,446,709 shares during the last quarter. Atmos Capital Gestao DE Recursos LTDA. raised its stake in 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 buying an additional 2,173,389 shares during the last quarter. Nuveen Asset Management LLC raised its stake in 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 buying an additional 2,008,710 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in 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 buying an additional 229,453 shares during the last quarter. 73.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on STNE. JPMorgan Chase & Co. boosted their target price on shares of StoneCo from $15.50 to $18.50 and gave the stock an “overweight” rating in a research report on Wednesday. Santander upgraded shares of StoneCo from a “neutral” rating to an “outperform” rating in a report on Wednesday, May 21st. Citigroup raised shares of StoneCo from a “neutral” rating to a “buy” rating and increased their target price for the company from $9.00 to $15.00 in a research report on Tuesday, April 22nd. Wall Street Zen downgraded shares of StoneCo from a “buy” rating to a “hold” rating in a research report on Friday, June 6th. Finally, Barclays raised their price objective on shares of StoneCo from $13.00 to $15.00 and gave the stock an “equal weight” rating in a report on Monday, May 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.07.

StoneCo Price Performance

Shares of StoneCo stock opened at $13.67 on Friday. The firm has a market cap of $3.91 billion, a PE ratio of -17.53, a price-to-earnings-growth ratio of 0.36 and a beta of 1.94. StoneCo Ltd. has a 12-month low of $7.72 and a 12-month high of $16.68. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.74. The company’s fifty day simple moving average is $14.51 and its two-hundred day simple moving average is $11.80.

StoneCo (NASDAQ:STNE) last issued its earnings results on Thursday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. The business had revenue of $625.86 million during the quarter, compared to analysts’ expectations of $3.68 billion. StoneCo had a negative net margin of 8.90% and a positive return on equity of 16.65%. As a group, equities analysts expect that StoneCo Ltd. will post 1.16 EPS for the current year.

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.