Andra AP fonden Buys 240,000 Shares of StoneCo Ltd. $STNE

Andra AP fonden boosted its stake in shares of StoneCo Ltd. (NASDAQ:STNE) by 64.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 614,200 shares of the company’s stock after buying an additional 240,000 shares during the quarter. Andra AP fonden’s holdings in StoneCo were worth $8,673,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of STNE. BRC Global BAH Investments Ltd. purchased a new position in StoneCo during the 4th quarter valued at $84,501,000. Pictet Asset Management Holding SA increased its stake in StoneCo by 131.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 219,614 shares of the company’s stock worth $3,248,000 after purchasing an additional 124,734 shares during the period. Coronation Fund Managers Ltd. increased its stake in StoneCo by 71.7% in the fourth quarter. Coronation Fund Managers Ltd. now owns 2,499,733 shares of the company’s stock worth $36,971,000 after purchasing an additional 1,043,464 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of StoneCo in the fourth quarter worth about $3,546,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of StoneCo by 25.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,515,851 shares of the company’s stock worth $37,209,000 after purchasing an additional 507,431 shares during the last quarter. 73.19% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other StoneCo news, Director Silvio Jose Morais sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $11.29, for a total transaction of $101,610.00. Following the sale, the director owned 21,000 shares of the company’s stock, valued at approximately $237,090. The trade was a 30.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

StoneCo Stock Up 1.3%

Shares of StoneCo stock opened at $11.26 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.57. The company has a market cap of $2.80 billion, a P/E ratio of 4.50, a PEG ratio of 0.33 and a beta of 1.73. The firm’s 50 day moving average price is $10.88 and its 200-day moving average price is $13.37. StoneCo Ltd. has a 52-week low of $9.45 and a 52-week high of $19.95.

StoneCo (NASDAQ:STNE) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. StoneCo had a return on equity of 21.05% and a net margin of 23.82%.The business had revenue of $141.16 million during the quarter, compared to the consensus estimate of $675.11 million. On average, sell-side analysts predict that StoneCo Ltd. will post 2.27 EPS for the current fiscal year.

Analysts Set New Price Targets

STNE has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of StoneCo from $20.00 to $16.50 and set an “overweight” rating for the company in a research note on Wednesday, May 27th. BTIG Research reduced their price objective on StoneCo from $22.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Bank of America lowered StoneCo from a “buy” rating to a “neutral” rating and set a $13.00 target price for the company. in a research report on Wednesday, July 15th. UBS Group dropped their price target on StoneCo from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Citigroup lowered StoneCo from a “buy” rating to a “neutral” rating and cut their price target for the company from $18.00 to $11.00 in a research note on Friday, May 15th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.92.

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.