Truxt Investmentos Ltda. Invests $31.70 Million in StoneCo Ltd. (NASDAQ:STNE)

Truxt Investmentos Ltda. purchased a new position in StoneCo Ltd. (NASDAQ:STNE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,814,799 shares of the company’s stock, valued at approximately $31,695,000. StoneCo comprises 21.2% of Truxt Investmentos Ltda.’s holdings, making the stock its 2nd biggest holding. Truxt Investmentos Ltda. owned 0.91% of StoneCo as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Central Bank & Trust Co. acquired a new stake in shares of StoneCo in the second quarter worth $40,000. Lazard Asset Management LLC acquired a new position in shares of StoneCo in the 1st quarter valued at about $41,000. Y.D. More Investments Ltd lifted its position in shares of StoneCo by 90.2% in the second quarter. Y.D. More Investments Ltd now owns 4,798 shares of the company’s stock worth $58,000 after purchasing an additional 2,275 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of StoneCo during the third quarter worth approximately $125,000. Finally, Point72 Hong Kong Ltd purchased a new position in StoneCo during the second quarter valued at approximately $135,000. 73.19% of the stock is owned by institutional investors.

StoneCo Trading Down 0.4 %

Shares of STNE stock opened at $11.30 on Friday. StoneCo Ltd. has a 12 month low of $10.20 and a 12 month high of $19.46. The company has a market cap of $3.49 billion, a PE ratio of 9.19, a price-to-earnings-growth ratio of 0.40 and a beta of 2.29. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average is $11.44 and its two-hundred day moving average is $12.91.

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on STNE. Cantor Fitzgerald upgraded shares of StoneCo to a “strong-buy” rating in a research report on Thursday, October 3rd. Morgan Stanley reiterated an “underweight” rating and set a $7.00 price objective (down from $16.50) on shares of StoneCo in a report on Thursday, September 5th. UBS Group lifted their price objective on StoneCo from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Finally, Barclays reduced their price target on StoneCo from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.