Vinland Capital Management Gestora de Recursos LTDA. Invests $539,000 in StoneCo Ltd. (NASDAQ:STNE)

Vinland Capital Management Gestora de Recursos LTDA. acquired a new stake in StoneCo Ltd. (NASDAQ:STNE - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 47,900 shares of the company's stock, valued at approximately $539,000. StoneCo makes up approximately 1.3% of Vinland Capital Management Gestora de Recursos LTDA.'s portfolio, making the stock its 26th biggest position.

A number of other hedge funds also recently added to or reduced their stakes in the business. Central Bank & Trust Co. purchased a new position in shares of StoneCo in the 2nd quarter valued at $40,000. Lazard Asset Management LLC bought a new position in StoneCo in the first quarter worth about $41,000. Y.D. More Investments Ltd lifted its position in shares of StoneCo by 90.2% during the second quarter. Y.D. More Investments Ltd now owns 4,798 shares of the company's stock valued at $58,000 after buying an additional 2,275 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of StoneCo in the 3rd quarter valued at about $125,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of StoneCo in the 2nd quarter worth approximately $135,000. 73.19% of the stock is owned by hedge funds and other institutional investors.

StoneCo Price Performance

NASDAQ STNE traded down $0.12 on Thursday, hitting $11.15. The company had a trading volume of 1,055,490 shares, compared to its average volume of 5,095,439. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.36 and a quick ratio of 1.36. The company has a market capitalization of $3.44 billion, a PE ratio of 10.15, a PEG ratio of 0.40 and a beta of 2.30. StoneCo Ltd. has a 12-month low of $9.68 and a 12-month high of $19.46. The company's fifty day moving average price is $11.76 and its 200-day moving average price is $13.11.

StoneCo (NASDAQ:STNE - Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The company reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.04). StoneCo had a net margin of 15.27% and a return on equity of 13.21%. The company had revenue of $615.13 million during the quarter, compared to analysts' expectations of $590.74 million. As a group, analysts predict that StoneCo Ltd. will post 1.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

STNE has been the subject of a number of analyst reports. Morgan Stanley reissued an "underweight" rating and set a $7.00 target price (down previously from $16.50) on shares of StoneCo in a research report on Thursday, September 5th. UBS Group increased their price objective on StoneCo from $17.00 to $18.00 and gave the company a "buy" rating in a report on Thursday, August 29th. Cantor Fitzgerald upgraded StoneCo to a "strong-buy" rating in a research note on Thursday, October 3rd. Finally, Barclays decreased their price target on StoneCo from $14.00 to $13.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $17.70.

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.