StoneCo Ltd. $STNE Stock Position Lifted by Penserra Capital Management LLC

Penserra Capital Management LLC lifted its stake in shares of StoneCo Ltd. (NASDAQ:STNE) by 24.3% during the third quarter, Holdings Channel.com reports. The firm owned 392,710 shares of the company’s stock after acquiring an additional 76,650 shares during the period. Penserra Capital Management LLC’s holdings in StoneCo were worth $7,425,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Exchange Traded Concepts LLC increased its stake in StoneCo by 0.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 220,874 shares of the company’s stock valued at $4,177,000 after buying an additional 978 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of StoneCo by 13.0% in the second quarter. PNC Financial Services Group Inc. now owns 9,577 shares of the company’s stock valued at $154,000 after acquiring an additional 1,104 shares in the last quarter. Neuberger Berman Group LLC increased its stake in shares of StoneCo by 6.6% during the second quarter. Neuberger Berman Group LLC now owns 18,399 shares of the company’s stock valued at $295,000 after acquiring an additional 1,140 shares during the period. Richardson Financial Services Inc. increased its stake in shares of StoneCo by 64.2% during the third quarter. Richardson Financial Services Inc. now owns 2,943 shares of the company’s stock valued at $56,000 after acquiring an additional 1,151 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in StoneCo by 47.8% during the third quarter. Farther Finance Advisors LLC now owns 3,839 shares of the company’s stock worth $73,000 after purchasing an additional 1,241 shares in the last quarter. Institutional investors and hedge funds own 73.19% of the company’s stock.

StoneCo Trading Down 0.9%

Shares of NASDAQ STNE opened at $16.19 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.72. StoneCo Ltd. has a 12 month low of $8.64 and a 12 month high of $19.95. The company has a market cap of $4.63 billion, a price-to-earnings ratio of -29.98, a P/E/G ratio of 0.29 and a beta of 1.81. The business has a fifty day simple moving average of $15.29 and a 200-day simple moving average of $16.21.

StoneCo (NASDAQ:STNE) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.43. StoneCo had a positive return on equity of 20.18% and a negative net margin of 7.28%.The firm had revenue of $669.49 million for the quarter, compared to analysts’ expectations of $669.81 million. Sell-side analysts predict that StoneCo Ltd. will post 1.16 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on STNE. UBS Group decreased their price target on StoneCo from $20.00 to $19.50 and set a “buy” rating for the company in a research note on Wednesday, January 28th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of StoneCo in a research note on Thursday, January 22nd. Santander lowered StoneCo from an “outperform” rating to a “neutral” rating in a report on Thursday, January 29th. Zacks Research downgraded shares of StoneCo from a “hold” rating to a “strong sell” rating in a report on Monday. Finally, Wall Street Zen lowered shares of StoneCo from a “buy” rating to a “hold” rating in a research report on Monday, October 27th. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $16.86.

StoneCo Profile

StoneCo Ltd., commonly known as Stone, is a Brazilian financial technology company that provides integrated digital payment solutions and related financial services to merchants. Through its cloud-based platform, Stone enables businesses of all sizes to accept a variety of payment methods, including point-of-sale (POS) terminals, mobile card readers and e-commerce gateways. In addition to payment acceptance, the company offers value-added services such as working capital loans, digital banking products and automated billing tools designed to help merchants manage cash flow and streamline operations.

Since its founding in 2012 by André Street and Eduardo Pontes, Stone has focused on serving over half a million merchants across Brazil’s retail, restaurant and services sectors.