Maverick Capital Ltd. Makes New Investment in StoneCo Ltd. (NASDAQ:STNE)

Maverick Capital Ltd. bought a new stake in StoneCo Ltd. (NASDAQ:STNE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 116,496 shares of the company’s stock, valued at approximately $1,397,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Lazard Asset Management LLC purchased a new stake in StoneCo in the 1st quarter valued at approximately $41,000. Central Bank & Trust Co. acquired a new stake in shares of StoneCo in the 2nd quarter valued at approximately $40,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of StoneCo by 152.1% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,497 shares of the company’s stock valued at $58,000 after buying an additional 2,110 shares in the last quarter. Y.D. More Investments Ltd grew its holdings in StoneCo by 90.2% during the second quarter. Y.D. More Investments Ltd now owns 4,798 shares of the company’s stock worth $58,000 after acquiring an additional 2,275 shares during the period. Finally, Invst LLC purchased a new position in StoneCo in the first quarter worth $172,000. 73.19% of the stock is currently owned by institutional investors and hedge funds.

StoneCo Price Performance

Shares of NASDAQ:STNE opened at $11.47 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 business’s fifty day moving average price is $12.75 and its two-hundred day moving average price is $14.03. The stock has a market cap of $3.60 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 0.40 and a beta of 2.31. StoneCo Ltd. has a one year low of $9.34 and a one year high of $19.46.

StoneCo (NASDAQ:STNE) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.04). The company had revenue of $615.13 million for the quarter, compared to analysts’ expectations of $590.74 million. StoneCo had a return on equity of 13.21% and a net margin of 15.27%. On average, analysts forecast that StoneCo Ltd. will post 1.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

STNE has been the topic of several research analyst reports. UBS Group boosted their target price on shares of StoneCo from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. JPMorgan Chase & Co. upgraded shares of StoneCo from a “neutral” rating to an “overweight” rating and set a $20.00 target price on the stock in a research report on Thursday, June 6th. Morgan Stanley reaffirmed an “underweight” rating and issued a $7.00 target price (down from $16.50) on shares of StoneCo in a report on Thursday, September 5th. The Goldman Sachs Group decreased their price target on StoneCo from $21.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, June 26th. Finally, Barclays dropped their price objective on StoneCo from $16.00 to $14.00 and set an “equal weight” rating for the company in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, StoneCo has an average rating of “Moderate Buy” and a consensus target price of $17.80.

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.