Y Intercept Hong Kong Ltd Buys 67,459 Shares of StoneCo Ltd. $STNE

Y Intercept Hong Kong Ltd lifted its stake in shares of StoneCo Ltd. (NASDAQ:STNE) by 39.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 236,517 shares of the company’s stock after acquiring an additional 67,459 shares during the quarter. Y Intercept Hong Kong Ltd owned approximately 0.08% of StoneCo worth $3,794,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in STNE. Richardson Financial Services Inc. bought a new position in shares of StoneCo during the 2nd quarter valued at approximately $29,000. GAMMA Investing LLC grew its stake in shares of StoneCo by 1,486.3% during the 1st quarter. GAMMA Investing LLC now owns 2,903 shares of the company’s stock valued at $30,000 after acquiring an additional 2,720 shares during the period. CWM LLC grew its stake in shares of StoneCo by 327.4% during the 1st quarter. CWM LLC now owns 3,154 shares of the company’s stock valued at $33,000 after acquiring an additional 2,416 shares during the period. Farther Finance Advisors LLC lifted its holdings in StoneCo by 334.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,598 shares of the company’s stock worth $42,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Twin Tree Management LP purchased a new position in StoneCo in the 1st quarter worth approximately $58,000. 73.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on STNE shares. Wall Street Zen cut StoneCo from a “buy” rating to a “hold” rating in a report on Monday. Bank of America boosted their price target on StoneCo from $15.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, September 9th. Zacks Research raised StoneCo to a “strong-buy” rating in a report on Tuesday, August 12th. The Goldman Sachs Group boosted their price target on StoneCo from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, October 14th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of StoneCo in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $17.44.

StoneCo Stock Performance

NASDAQ STNE opened at $19.25 on Wednesday. The company has a market cap of $5.51 billion, a P/E ratio of -27.50, a P/E/G ratio of 0.38 and a beta of 1.99. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.48 and a current ratio of 1.48. The business’s 50 day moving average price is $17.75 and its 200-day moving average price is $15.34. StoneCo Ltd. has a fifty-two week low of $7.72 and a fifty-two week high of $19.95.

StoneCo (NASDAQ:STNE) last released its earnings results on Thursday, August 7th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.03. The firm had revenue of $643.82 million for the quarter, compared to the consensus estimate of $3.78 billion. StoneCo had a positive return on equity of 18.71% and a negative net margin of 8.37%. Sell-side analysts predict that StoneCo Ltd. will post 1.16 earnings per share for the current year.

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.