GAMMA Investing LLC Buys 1,267 Shares of StoneCo Ltd. $STNE

GAMMA Investing LLC lifted its position in shares of StoneCo Ltd. (NASDAQ:STNE) by 43.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,170 shares of the company’s stock after purchasing an additional 1,267 shares during the period. GAMMA Investing LLC’s holdings in StoneCo were worth $67,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of STNE. CWM LLC increased its stake in shares of StoneCo by 327.4% during the 1st quarter. CWM LLC now owns 3,154 shares of the company’s stock worth $33,000 after purchasing an additional 2,416 shares during the last quarter. Farther Finance Advisors LLC grew its stake in StoneCo by 334.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,598 shares of the company’s stock valued at $42,000 after buying an additional 2,000 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in StoneCo by 143.0% in the 1st quarter. Harbor Capital Advisors Inc. now owns 4,614 shares of the company’s stock valued at $48,000 after buying an additional 2,715 shares during the last quarter. Twin Tree Management LP acquired a new position in StoneCo in the 1st quarter valued at about $58,000. Finally, Strs Ohio acquired a new position in StoneCo in the 1st quarter valued at about $70,000. 73.19% of the stock is currently owned by institutional investors and hedge funds.

StoneCo Stock Down 1.3%

StoneCo stock opened at $17.97 on Friday. StoneCo Ltd. has a fifty-two week low of $7.72 and a fifty-two week high of $19.95. The stock has a market cap of $5.14 billion, a PE ratio of -25.67, a price-to-earnings-growth ratio of 0.37 and a beta of 1.99. The firm’s 50-day simple moving average is $16.35 and its 200 day simple moving average is $14.44. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.48 and a current ratio of 1.48.

StoneCo (NASDAQ:STNE) last released its earnings results on Thursday, August 7th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The firm had revenue of $643.82 million for the quarter, compared to analysts’ expectations of $3.78 billion. StoneCo had a negative net margin of 8.37% and a positive return on equity of 18.71%. Research analysts predict that StoneCo Ltd. will post 1.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

STNE has been the topic of a number of research reports. Bank of America upped their price target on shares of StoneCo from $15.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, September 9th. UBS Group increased their price objective on shares of StoneCo from $15.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Weiss Ratings reissued a “sell (d+)” rating on shares of StoneCo in a research note on Saturday, September 27th. Zacks Research upgraded shares of StoneCo to a “strong-buy” rating in a research report on Tuesday, August 12th. Finally, JPMorgan Chase & Co. upped their price target on shares of StoneCo from $15.50 to $18.50 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.56.

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.