Robeco Institutional Asset Management B.V. Has $29.41 Million Position in StoneCo Ltd. $STNE

Robeco Institutional Asset Management B.V. raised its stake in shares of StoneCo Ltd. (NASDAQ:STNE) by 124.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,833,717 shares of the company’s stock after buying an additional 1,017,717 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.64% of StoneCo worth $29,413,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC grew its position in shares of StoneCo by 1,486.3% in the 1st quarter. GAMMA Investing LLC now owns 2,903 shares of the company’s stock valued at $30,000 after purchasing an additional 2,720 shares during the period. CWM LLC grew its position in shares of StoneCo by 327.4% in the 1st quarter. CWM LLC now owns 3,154 shares of the company’s stock valued at $33,000 after purchasing an additional 2,416 shares during the period. Farther Finance Advisors LLC grew its position in shares of StoneCo by 334.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,598 shares of the company’s stock valued at $42,000 after purchasing an additional 2,000 shares during the period. Harbor Capital Advisors Inc. grew its position in shares of StoneCo by 143.0% in the 1st quarter. Harbor Capital Advisors Inc. now owns 4,614 shares of the company’s stock valued at $48,000 after purchasing an additional 2,715 shares during the period. Finally, Twin Tree Management LP acquired a new position in shares of StoneCo in the 1st quarter valued at approximately $58,000. 73.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. UBS Group boosted their price objective on StoneCo from $15.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Weiss Ratings reiterated a “sell (d+)” rating on shares of StoneCo in a research report on Saturday, September 27th. Wall Street Zen upgraded StoneCo from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. JPMorgan Chase & Co. boosted their price objective on StoneCo from $15.50 to $18.50 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Finally, Zacks Research upgraded StoneCo to a “strong-buy” rating in a research note on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.56.

StoneCo Trading Down 1.3%

Shares of StoneCo stock opened at $17.97 on Friday. StoneCo Ltd. has a 12-month low of $7.72 and a 12-month high of $19.95. The stock has a market cap of $5.14 billion, a P/E ratio of -25.67, a P/E/G ratio of 0.37 and a beta of 1.99. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.76. The business’s 50 day moving average is $16.35 and its 200-day moving average is $14.44.

StoneCo (NASDAQ:STNE) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. StoneCo had a positive return on equity of 18.71% and a negative net margin of 8.37%.The company had revenue of $643.82 million for the quarter, compared to analysts’ expectations of $3.78 billion. Equities research analysts predict that StoneCo Ltd. will post 1.16 earnings per share for the current fiscal year.

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.