GSA Capital Partners LLP Purchases New Position in StoneCo Ltd. (NASDAQ:STNE)

GSA Capital Partners LLP bought a new position in StoneCo Ltd. (NASDAQ:STNE - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 63,616 shares of the company's stock, valued at approximately $716,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Point72 Asset Management L.P. increased its holdings in shares of StoneCo by 10.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 8,386,945 shares of the company's stock worth $100,559,000 after purchasing an additional 779,445 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of StoneCo by 3.5% in the first quarter. Vanguard Group Inc. now owns 2,636,619 shares of the company's stock worth $43,794,000 after acquiring an additional 88,256 shares during the period. Creative Planning grew its holdings in shares of StoneCo by 224.9% in the third quarter. Creative Planning now owns 65,321 shares of the company's stock worth $736,000 after acquiring an additional 45,218 shares during the period. Coronation Fund Managers Ltd. grew its holdings in shares of StoneCo by 4.6% in the second quarter. Coronation Fund Managers Ltd. now owns 2,562,394 shares of the company's stock worth $30,723,000 after acquiring an additional 113,656 shares during the period. Finally, Point72 DIFC Ltd grew its holdings in shares of StoneCo by 123.4% in the second quarter. Point72 DIFC Ltd now owns 251,993 shares of the company's stock worth $3,021,000 after acquiring an additional 139,182 shares during the period. Institutional investors own 73.19% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. UBS Group lifted their price objective on StoneCo from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Thursday, August 29th. Barclays lowered their target price on StoneCo from $13.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Monday. Susquehanna lowered their target price on StoneCo from $22.00 to $19.00 and set a "positive" rating on the stock in a research report on Wednesday, November 13th. Morgan Stanley reiterated an "underweight" rating and set a $7.00 target price (down from $16.50) on shares of StoneCo in a research report on Thursday, September 5th. Finally, Cantor Fitzgerald upgraded StoneCo to a "strong-buy" rating in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.89.

StoneCo Price Performance

Shares of NASDAQ STNE traded down $0.09 during mid-day trading on Monday, reaching $9.67. The company's stock had a trading volume of 4,124,018 shares, compared to its average volume of 5,133,637. The firm has a market capitalization of $2.99 billion, a PE ratio of 7.55, a P/E/G ratio of 0.34 and a beta of 2.29. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.36. The stock has a fifty day moving average of $11.24 and a two-hundred day moving average of $12.66. StoneCo Ltd. has a 52 week low of $9.61 and a 52 week high of $19.46.

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.