Truxt Investmentos Ltda. Purchases New Holdings in StoneCo Ltd. (NASDAQ:STNE)

Truxt Investmentos Ltda. purchased a new stake in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,814,799 shares of the company's stock, valued at approximately $31,695,000. StoneCo makes up about 21.2% of Truxt Investmentos Ltda.'s portfolio, making the stock its 2nd largest position. Truxt Investmentos Ltda. owned about 0.91% of StoneCo at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Lazard Asset Management LLC purchased a new position in StoneCo during the first quarter valued at approximately $41,000. Central Bank & Trust Co. purchased a new position in StoneCo in the second quarter worth $40,000. Y.D. More Investments Ltd grew its holdings in StoneCo by 90.2% in the second quarter. Y.D. More Investments Ltd now owns 4,798 shares of the company's stock worth $58,000 after purchasing an additional 2,275 shares during the last quarter. Invst LLC purchased a new position in StoneCo in the first quarter worth $172,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in StoneCo in the third quarter worth $125,000. 73.19% of the stock is owned by hedge funds and other institutional investors.

StoneCo Stock Performance

NASDAQ:STNE traded down $0.05 during mid-day trading on Friday, hitting $11.30. The company's stock had a trading volume of 3,124,517 shares, compared to its average volume of 3,031,635. StoneCo Ltd. has a 1 year low of $10.20 and a 1 year high of $19.46. 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 stock has a market cap of $3.49 billion, a price-to-earnings ratio of 9.19, a PEG ratio of 0.40 and a beta of 2.29. The business's fifty day moving average is $11.44 and its two-hundred day moving average is $12.91.

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Cantor Fitzgerald raised shares of StoneCo to a "strong-buy" rating in a report on Thursday, October 3rd. UBS Group upped their target price on StoneCo from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Thursday, August 29th. Barclays cut their target price on StoneCo from $14.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 15th. Finally, Morgan Stanley reissued an "underweight" rating and issued a $7.00 target price (down from $16.50) on shares of StoneCo in a research report on Thursday, September 5th. One investment 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. According to data from MarketBeat.com, the stock 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.