Truffle Hound Capital LLC Takes Position in StoneCo Ltd. (NASDAQ:STNE)

Truffle Hound Capital LLC bought a new stake in StoneCo Ltd. (NASDAQ:STNE) during the fourth quarter, HoldingsChannel.com reports. The firm bought 125,000 shares of the company’s stock, valued at approximately $996,000.

Several other institutional investors have also recently bought and sold shares of the business. Point72 Asset Management L.P. grew its holdings in shares of StoneCo by 36.2% during the third quarter. Point72 Asset Management L.P. now owns 11,422,475 shares of the company’s stock worth $128,617,000 after purchasing an additional 3,035,530 shares during the last quarter. State Street Corp raised its position in shares of StoneCo by 51.0% during the third quarter. State Street Corp now owns 7,972,037 shares of the company’s stock worth $89,765,000 after purchasing an additional 2,692,558 shares during the period. Geode Capital Management LLC raised its position in shares of StoneCo by 36.0% during the third quarter. Geode Capital Management LLC now owns 5,190,344 shares of the company’s stock worth $58,302,000 after purchasing an additional 1,374,788 shares during the period. SPX Gestao de Recursos Ltda raised its position in shares of StoneCo by 3,248.6% during the fourth quarter. SPX Gestao de Recursos Ltda now owns 1,813,588 shares of the company’s stock worth $14,454,000 after purchasing an additional 1,759,429 shares during the period. Finally, JPMorgan Chase & Co. raised its position in StoneCo by 327.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,580,679 shares of the company’s stock valued at $17,798,000 after buying an additional 1,210,817 shares during the last quarter. Institutional investors and hedge funds own 73.19% of the company’s stock.

StoneCo Stock Performance

STNE opened at $11.10 on Friday. The company has a 50 day simple moving average of $9.36 and a two-hundred day simple moving average of $9.96. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market cap of $3.43 billion, a P/E ratio of 8.67, a PEG ratio of 0.41 and a beta of 2.33. StoneCo Ltd. has a 1-year low of $7.72 and a 1-year high of $17.93.

StoneCo (NASDAQ:STNE) last announced its quarterly earnings data on Tuesday, March 18th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.32 by $0.07. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. The business had revenue of $582.20 million for the quarter, compared to the consensus estimate of $3.59 billion. Equities analysts forecast that StoneCo Ltd. will post 1.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on STNE shares. Wells Fargo & Company raised shares of StoneCo from an “equal weight” rating to an “overweight” rating in a research report on Wednesday. Citigroup reaffirmed a “neutral” rating and set a $9.00 price target (down previously from $19.00) on shares of StoneCo in a research note on Thursday, January 16th. Morgan Stanley lifted their target price on shares of StoneCo from $5.70 to $6.00 and gave the stock an “underweight” rating in a research report on Friday. The Goldman Sachs Group dropped their price objective on StoneCo from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Finally, Barclays boosted their price target on StoneCo from $10.00 to $12.00 and gave the company an “equal weight” rating in a report on Friday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $14.50.

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.