GSA Capital Partners LLP Makes New Investment in StoneCo Ltd. (NASDAQ:STNE)

GSA Capital Partners LLP bought a new stake in shares of StoneCo Ltd. (NASDAQ:STNE) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 63,616 shares of the company’s stock, valued at approximately $716,000.

Other hedge funds also recently made changes to their positions in the company. Truxt Investmentos Ltda. purchased a new stake in StoneCo during the third quarter worth about $31,695,000. Covestor Ltd grew its position in shares of StoneCo by 40.9% during the 3rd quarter. Covestor Ltd now owns 13,350 shares of the company’s stock valued at $150,000 after acquiring an additional 3,878 shares during the period. Atria Investments Inc increased its stake in shares of StoneCo by 19.0% during the 3rd quarter. Atria Investments Inc now owns 20,258 shares of the company’s stock worth $228,000 after purchasing an additional 3,241 shares during the last quarter. Gulf International Bank UK Ltd bought a new stake in shares of StoneCo in the 3rd quarter worth approximately $210,000. Finally, Asset Management One Co. Ltd. lifted its stake in StoneCo by 681.9% in the third quarter. Asset Management One Co. Ltd. now owns 33,964 shares of the company’s stock valued at $382,000 after purchasing an additional 29,620 shares during the last quarter. 73.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on STNE. Cantor Fitzgerald upgraded StoneCo to a “strong-buy” rating in a research note on Thursday, October 3rd. Morgan Stanley restated an “underweight” rating and issued a $7.00 price objective (down from $16.50) on shares of StoneCo in a research note on Thursday, September 5th. Susquehanna cut their target price on shares of StoneCo from $22.00 to $19.00 and set a “positive” rating for the company in a research report on Wednesday, November 13th. UBS Group boosted their price target on shares of 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 research report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, StoneCo currently has a consensus rating of “Moderate Buy” and an average target price of $17.00.

StoneCo Trading Down 1.1 %

Shares of STNE opened at $9.76 on Monday. StoneCo Ltd. has a fifty-two week low of $9.61 and a fifty-two week high of $19.46. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 7.63, a PEG ratio of 0.34 and a beta of 2.29. The firm has a 50 day moving average price of $11.27 and a 200-day moving average price of $12.70. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.36 and a current ratio of 1.42.

StoneCo Company 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.