Banco BTG Pactual S.A. Invests $2.81 Million in StoneCo Ltd. $STNE

Banco BTG Pactual S.A. bought a new position in shares of StoneCo Ltd. (NASDAQ:STNE) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 190,000 shares of the company’s stock, valued at approximately $2,810,000. Banco BTG Pactual S.A. owned approximately 0.07% of StoneCo as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in STNE. AQR Capital Management LLC acquired a new stake in shares of StoneCo during the first quarter worth about $902,000. Strs Ohio acquired a new position in StoneCo in the 1st quarter valued at about $70,000. Prudential Financial Inc. increased its position in StoneCo by 37.4% in the 2nd quarter. Prudential Financial Inc. now owns 28,075 shares of the company’s stock valued at $450,000 after acquiring an additional 7,635 shares during the period. Invesco Ltd. increased its position in StoneCo by 8.3% in the 2nd quarter. Invesco Ltd. now owns 256,142 shares of the company’s stock valued at $4,109,000 after acquiring an additional 19,723 shares during the period. Finally, First Trust Advisors LP increased its position in StoneCo by 10.0% in the 2nd quarter. First Trust Advisors LP now owns 13,995 shares of the company’s stock valued at $224,000 after acquiring an additional 1,273 shares during the period. Institutional investors and hedge funds own 73.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on STNE. BTIG Research dropped their price target on StoneCo from $22.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, May 15th. Citigroup cut StoneCo from a “buy” rating to a “neutral” rating and dropped their price target for the company from $18.00 to $11.00 in a research report on Friday, May 15th. UBS Group dropped their price target on StoneCo from $19.50 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, March 11th. JPMorgan Chase & Co. dropped their price target on StoneCo from $20.00 to $16.50 and set an “overweight” rating on the stock in a research report on Wednesday, May 27th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of StoneCo in a research report on Tuesday, June 2nd. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, StoneCo has an average rating of “Moderate Buy” and a consensus price target of $17.58.

StoneCo Price Performance

Shares of STNE opened at $11.25 on Friday. StoneCo Ltd. has a twelve month low of $9.45 and a twelve month high of $19.95. The stock’s 50 day moving average is $12.15 and its two-hundred day moving average is $14.20. The firm has a market capitalization of $2.80 billion, a PE ratio of 4.50, a P/E/G ratio of 0.19 and a beta of 1.73. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.57.

StoneCo (NASDAQ:STNE) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. StoneCo had a return on equity of 21.05% and a net margin of 23.82%.The company had revenue of $141.16 million for the quarter, compared to analyst estimates of $675.11 million. Research analysts anticipate that StoneCo Ltd. will post 2.31 earnings per share for the current year.

StoneCo Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Monday, May 4th. Shareholders of record on Friday, April 24th were issued a $2.53 dividend. The ex-dividend date of this dividend was Friday, April 24th.

StoneCo Company 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.