StoneCo Ltd. $STNE Stock: Robeco Institutional Asset Management B.V. Grows Stake

Robeco Institutional Asset Management B.V. raised its holdings in shares of StoneCo Ltd. (NASDAQ:STNE) by 559.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,885,009 shares of the company’s stock after acquiring an additional 5,840,741 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in StoneCo were worth $64,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Kapitalo Investimentos Ltda bought a new stake in shares of StoneCo during the 3rd quarter valued at $4,296,000. GAMMA Investing LLC increased its stake in shares of StoneCo by 63.1% in the 3rd quarter. GAMMA Investing LLC now owns 6,339 shares of the company’s stock worth $59,000 after purchasing an additional 2,452 shares in the last quarter. Andra AP fonden raised its holdings in StoneCo by 159.5% in the 2nd quarter. Andra AP fonden now owns 1,593,600 shares of the company’s stock worth $17,275,000 after purchasing an additional 979,400 shares during the period. Sequoia Financial Advisors LLC bought a new position in StoneCo in the 2nd quarter worth $139,000. Finally, Tidal Investments LLC bought a new position in StoneCo in the 2nd quarter worth $480,000. Hedge funds and other institutional investors own 73.19% of the company’s stock.

Insider Buying and Selling at StoneCo

In related news, Director Silvio Morais sold 21,000 shares of StoneCo stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $9.91, for a total transaction of $208,110.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 11.25% of the company’s stock.

StoneCo Price Performance

Shares of NASDAQ:STNE opened at $11.15 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.26 and a quick ratio of 1.26. StoneCo Ltd. has a 1-year low of $8.95 and a 1-year high of $19.64. The company has a market capitalization of $2.78 billion, a P/E ratio of 4.50, a P/E/G ratio of 0.32 and a beta of 1.68. The firm’s 50 day simple moving average is $10.22 and its two-hundred day simple moving average is $11.04.

StoneCo (NASDAQ:STNE) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of $129.73 million during the quarter, compared to analyst estimates of $708.24 million. StoneCo had a net margin of 22.92% and a return on equity of 22.19%. Research analysts expect that StoneCo Ltd. will post 2.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on STNE. UBS Group reiterated a “buy” rating on shares of StoneCo in a research report on Thursday, October 15th. Bank of America cut StoneCo from a “buy” rating to a “neutral” rating and set a $13.00 price target for the company. in a research report on Wednesday, July 15th. Weiss Ratings raised StoneCo from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. Finally, Jefferies Financial Group initiated coverage on StoneCo in a research note on Thursday, July 23rd. They issued a “hold” rating and a $12.60 price objective on the stock. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $14.30.

StoneCo Profile

StoneCo Ltd. is a financial technology company that provides payment processing and business-management solutions primarily to small and medium-sized businesses in Brazil. Through its Stone brand, the company enables merchants to accept payments in physical stores and online, including card, digital-wallet and other electronic transactions.

Its products and services include point-of-sale terminals, payment gateways, transaction processing, digital banking and financial-account services, as well as working-capital and other credit solutions for eligible merchants.