Signaturefd LLC Purchases 784 Shares of StoneCo Ltd. $STNE

Signaturefd LLC boosted its position in shares of StoneCo Ltd. (NASDAQ:STNE) by 10.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,492 shares of the company’s stock after buying an additional 784 shares during the period. Signaturefd LLC’s holdings in StoneCo were worth $136,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in STNE. Nuveen LLC bought a new position in StoneCo during the first quarter valued at approximately $70,502,000. JGP Global Gestao de Recursos Ltda. boosted its stake in StoneCo by 484.8% during the first quarter. JGP Global Gestao de Recursos Ltda. now owns 4,472,738 shares of the company’s stock valued at $46,874,000 after buying an additional 3,707,941 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in StoneCo by 1,289.8% during the first quarter. Assenagon Asset Management S.A. now owns 1,520,192 shares of the company’s stock valued at $15,932,000 after buying an additional 1,410,813 shares during the last quarter. Fourth Sail Capital LP purchased a new stake in StoneCo during the first quarter valued at approximately $13,640,000. Finally, Canada Pension Plan Investment Board raised its position in StoneCo by 32,745.3% during the first quarter. Canada Pension Plan Investment Board now owns 649,680 shares of the company’s stock valued at $6,809,000 after purchasing an additional 647,702 shares during the period. 73.19% of the stock is owned by institutional investors.

StoneCo Stock Down 1.3%

Shares of NASDAQ STNE opened at $17.97 on Friday. StoneCo Ltd. has a 52-week low of $7.72 and a 52-week high of $19.95. The business’s 50 day moving average is $16.35 and its two-hundred day moving average is $14.44. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.76. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of -25.67, a PEG ratio of 0.37 and a beta of 1.99.

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

Analysts Set New Price Targets

STNE has been the topic of several recent analyst reports. Bank of America increased their price target on StoneCo from $15.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, September 9th. UBS Group raised their price objective on StoneCo from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Zacks Research raised StoneCo to a “strong-buy” rating in a research report on Tuesday, August 12th. Wall Street Zen upgraded StoneCo from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Finally, JPMorgan Chase & Co. lifted their price objective on StoneCo from $15.50 to $18.50 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.