Lombard Odier Asset Management Europe Ltd Takes Position in StoneCo Ltd. $STNE

Lombard Odier Asset Management Europe Ltd acquired a new position in shares of StoneCo Ltd. (NASDAQ:STNE) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 130,000 shares of the company’s stock, valued at approximately $1,836,000.

A number of other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in StoneCo by 11,473.3% in the 4th quarter. Blue Trust Inc. now owns 1,736 shares of the company’s stock valued at $26,000 after purchasing an additional 1,721 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of StoneCo during the 4th quarter valued at approximately $28,000. Advisory Services Network LLC purchased a new stake in shares of StoneCo during the 3rd quarter valued at approximately $37,000. Rockefeller Capital Management L.P. lifted its holdings in StoneCo by 74.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,199 shares of the company’s stock valued at $33,000 after acquiring an additional 936 shares during the last quarter. Finally, Ensign Peak Advisors Inc acquired a new position in StoneCo in the fourth quarter valued at approximately $33,000. 73.19% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at StoneCo

In other StoneCo news, Director Silvio Jose Morais sold 9,000 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $11.29, for a total value of $101,610.00. Following the completion of the transaction, the director owned 21,000 shares in the company, valued at $237,090. The trade was a 30.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on STNE shares. Citigroup cut StoneCo from a “buy” rating to a “neutral” rating and cut their target price for the stock from $18.00 to $11.00 in a research note on Friday, May 15th. JPMorgan Chase & Co. decreased their price target on StoneCo from $20.00 to $16.50 and set an “overweight” rating on the stock in a research note on Wednesday, May 27th. Weiss Ratings cut StoneCo from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Bank of America downgraded StoneCo from a “buy” rating to a “neutral” rating and set a $13.00 price objective for the company. in a research report on Wednesday, July 15th. Finally, BTIG Research reduced their price objective on shares of StoneCo from $22.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $14.59.

StoneCo Stock Performance

NASDAQ STNE opened at $10.76 on Monday. The firm has a 50 day simple moving average of $10.96 and a 200-day simple moving average of $13.28. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.33 and a current ratio of 1.33. StoneCo Ltd. has a one year low of $9.45 and a one year high of $19.95. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 4.30, a PEG ratio of 0.32 and a beta of 1.73.

StoneCo (NASDAQ:STNE) last announced its earnings results on Wednesday, May 13th. The company reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. The firm had revenue of $141.16 million for the quarter, compared to the consensus estimate of $675.11 million. StoneCo had a net margin of 23.82% and a return on equity of 21.05%. Equities research analysts anticipate that StoneCo Ltd. will post 2.27 EPS for the current fiscal year.

StoneCo Company Profile

StoneCo Ltd., commonly known as Stone, is a Brazilian financial technology company that provides integrated digital payment solutions and related financial services to merchants. Through its cloud-based platform, Stone enables businesses of all sizes to accept a variety of payment methods, including point-of-sale (POS) terminals, mobile card readers and e-commerce gateways. In addition to payment acceptance, the company offers value-added services such as working capital loans, digital banking products and automated billing tools designed to help merchants manage cash flow and streamline operations.

Since its founding in 2012 by André Street and Eduardo Pontes, Stone has focused on serving over half a million merchants across Brazil’s retail, restaurant and services sectors.