StoneCo Ltd. $STNE Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC boosted its position in StoneCo Ltd. (NASDAQ:STNE) by 334.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,598 shares of the company’s stock after acquiring an additional 2,000 shares during the quarter. Farther Finance Advisors LLC’s holdings in StoneCo were worth $42,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in STNE. Assenagon Asset Management S.A. raised its holdings in shares of StoneCo by 26.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,927,369 shares of the company’s stock worth $30,915,000 after purchasing an additional 407,177 shares during the period. Perpetual Ltd acquired a new stake in StoneCo during the 2nd quarter worth approximately $4,877,000. Exchange Traded Concepts LLC raised its holdings in StoneCo by 398.0% in the second quarter. Exchange Traded Concepts LLC now owns 219,896 shares of the company’s stock valued at $3,527,000 after buying an additional 175,738 shares during the period. Strs Ohio purchased a new position in StoneCo in the first quarter valued at approximately $70,000. Finally, Intech Investment Management LLC lifted its position in StoneCo by 10.5% during the first quarter. Intech Investment Management LLC now owns 180,665 shares of the company’s stock valued at $1,893,000 after buying an additional 17,192 shares in the last quarter. Hedge funds and other institutional investors own 73.19% of the company’s stock.

Wall Street Analysts Forecast Growth

STNE has been the subject of several recent research reports. UBS Group increased their price objective on shares of StoneCo from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Zacks Research upgraded StoneCo to a “strong-buy” rating in a report on Tuesday, August 12th. Wall Street Zen raised shares of StoneCo from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. JPMorgan Chase & Co. lifted their target price on StoneCo from $15.50 to $18.50 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of StoneCo in a research note on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.56.

StoneCo Stock Down 0.5%

Shares of StoneCo stock opened at $17.88 on Tuesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.48 and a quick ratio of 1.48. StoneCo Ltd. has a 1-year low of $7.72 and a 1-year high of $19.95. The business’s fifty day moving average price is $16.44 and its two-hundred day moving average price is $14.53. The company has a market capitalization of $5.11 billion, a P/E ratio of -25.54, a PEG ratio of 0.37 and a beta of 1.99.

StoneCo (NASDAQ:STNE) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.39 EPS for the quarter, beating 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 company had revenue of $643.82 million for the quarter, compared to analyst estimates of $3.78 billion. As a group, research analysts forecast that StoneCo Ltd. will post 1.16 EPS for the current year.

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.