AlphaMark Advisors LLC Acquires 2,608 Shares of StoneCo Ltd. (NASDAQ:STNE)

AlphaMark Advisors LLC lifted its holdings in shares of StoneCo Ltd. (NASDAQ:STNE) by 15.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 19,496 shares of the company’s stock after purchasing an additional 2,608 shares during the period. AlphaMark Advisors LLC’s holdings in StoneCo were worth $234,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in STNE. Polunin Capital Partners Ltd increased its stake in StoneCo by 10.5% in the 1st quarter. Polunin Capital Partners Ltd now owns 3,681,947 shares of the company’s stock worth $61,157,000 after purchasing an additional 350,656 shares during the period. Norges Bank purchased a new stake in shares of StoneCo during the fourth quarter valued at approximately $58,777,000. Federated Hermes Inc. boosted its stake in shares of StoneCo by 4.8% during the fourth quarter. Federated Hermes Inc. now owns 2,766,712 shares of the company’s stock valued at $49,884,000 after purchasing an additional 125,668 shares during the period. Vanguard Group Inc. boosted its stake in shares of StoneCo by 3.5% during the first quarter. Vanguard Group Inc. now owns 2,636,619 shares of the company’s stock valued at $43,794,000 after purchasing an additional 88,256 shares during the period. Finally, UBS Group AG boosted its stake in shares of StoneCo by 14.5% during the fourth quarter. UBS Group AG now owns 2,001,221 shares of the company’s stock valued at $36,082,000 after purchasing an additional 253,276 shares during the period. Institutional investors own 73.19% of the company’s stock.

StoneCo Stock Up 2.5 %

Shares of NASDAQ:STNE traded up $0.35 on Friday, hitting $14.41. 1,431,275 shares of the company traded hands, compared to its average volume of 5,242,134. StoneCo Ltd. has a 52 week low of $9.34 and a 52 week high of $19.46. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.25. The stock has a 50 day simple moving average of $12.71 and a 200-day simple moving average of $15.02. The company has a market cap of $4.45 billion, a PE ratio of 12.67, a PEG ratio of 0.34 and a beta of 2.32.

StoneCo (NASDAQ:STNE) last issued its quarterly earnings results on Monday, May 13th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. StoneCo had a return on equity of 12.35% and a net margin of 14.08%. The firm had revenue of $623.12 million during the quarter, compared to the consensus estimate of $633.35 million. As a group, research analysts expect that StoneCo Ltd. will post 1.46 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Susquehanna dropped their price target on StoneCo from $23.00 to $22.00 and set a “positive” rating for the company in a research note on Friday, April 19th. The Goldman Sachs Group dropped their price target on StoneCo from $21.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, June 26th. Barclays lowered their price objective on StoneCo from $16.00 to $14.00 and set an “equal weight” rating for the company in a research report on Thursday, August 1st. JPMorgan Chase & Co. raised StoneCo from a “neutral” rating to an “overweight” rating and set a $20.00 price objective for the company in a research report on Thursday, June 6th. Finally, Evercore ISI lowered their price objective on StoneCo from $25.00 to $23.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.89.

About StoneCo

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.