AlphaMark Advisors LLC Boosts Stock Position in StoneCo Ltd. (NASDAQ:STNE)

AlphaMark Advisors LLC lifted its holdings in StoneCo Ltd. (NASDAQ:STNE) by 26.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,742 shares of the company’s stock after purchasing an additional 5,246 shares during the quarter. AlphaMark Advisors LLC’s holdings in StoneCo were worth $279,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of STNE. Creative Planning grew its stake in shares of StoneCo by 224.9% in the 3rd quarter. Creative Planning now owns 65,321 shares of the company’s stock worth $736,000 after buying an additional 45,218 shares in the last quarter. Jessup Wealth Management Inc bought a new stake in StoneCo during the third quarter worth approximately $773,000. Constellation Investimentos e Participacoes Ltda raised its position in StoneCo by 30.0% during the third quarter. Constellation Investimentos e Participacoes Ltda now owns 3,047,576 shares of the company’s stock valued at $34,316,000 after purchasing an additional 703,249 shares during the period. SG Americas Securities LLC lifted its stake in shares of StoneCo by 233.7% in the 3rd quarter. SG Americas Securities LLC now owns 117,093 shares of the company’s stock valued at $1,318,000 after purchasing an additional 82,003 shares during the last quarter. Finally, Coronation Fund Managers Ltd. lifted its stake in shares of StoneCo by 4.6% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 2,562,394 shares of the company’s stock valued at $30,723,000 after purchasing an additional 113,656 shares during the last quarter. Hedge funds and other institutional investors own 73.19% of the company’s stock.

StoneCo Stock Performance

StoneCo stock opened at $11.02 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market capitalization of $3.46 billion, a PE ratio of 9.93, a P/E/G ratio of 0.39 and a beta of 2.30. The company has a 50 day moving average price of $12.18 and a 200-day moving average price of $13.44. StoneCo Ltd. has a fifty-two week low of $9.55 and a fifty-two week high of $19.46.

StoneCo (NASDAQ:STNE) last issued its earnings results on Wednesday, August 14th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.04). StoneCo had a net margin of 15.27% and a return on equity of 13.21%. The firm had revenue of $615.13 million for the quarter, compared to the consensus estimate of $590.74 million. As a group, equities analysts forecast that StoneCo Ltd. will post 1.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on STNE shares. UBS Group boosted their target price on StoneCo from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Evercore ISI lowered their target price on shares of StoneCo from $25.00 to $23.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Morgan Stanley reiterated an “underweight” rating and set a $7.00 price target (down from $16.50) on shares of StoneCo in a report on Thursday, September 5th. Cantor Fitzgerald raised shares of StoneCo to a “strong-buy” rating in a research note on Thursday, October 3rd. Finally, The Goldman Sachs Group cut their target price on StoneCo from $21.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.70.

StoneCo Profile

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.