Paragon Advisors LLC Takes $597,000 Position in StoneCo Ltd (NASDAQ:STNE)

Paragon Advisors LLC bought a new stake in StoneCo Ltd (NASDAQ:STNE) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 15,399 shares of the company’s stock, valued at approximately $597,000.

A number of other large investors also recently made changes to their positions in STNE. First Trust Advisors LP bought a new stake in StoneCo during the first quarter worth approximately $366,000. Amundi Pioneer Asset Management Inc. purchased a new position in shares of StoneCo during the 1st quarter valued at $411,000. Barclays PLC lifted its position in shares of StoneCo by 1,797.2% during the 4th quarter. Barclays PLC now owns 20,490 shares of the company’s stock valued at $817,000 after buying an additional 19,410 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of StoneCo by 32.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 21,572 shares of the company’s stock valued at $861,000 after buying an additional 5,313 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of StoneCo during the 4th quarter valued at $261,000. Institutional investors and hedge funds own 45.40% of the company’s stock.

A number of brokerages have recently commented on STNE. Zacks Investment Research raised StoneCo from a “sell” rating to a “hold” rating in a research report on Wednesday, June 17th. Bank of America reissued a “buy” rating and set a $49.00 price objective on shares of StoneCo in a report on Thursday, March 26th. Guggenheim increased their price objective on StoneCo from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. HSBC raised StoneCo from a “reduce” rating to a “hold” rating and set a $26.00 price objective on the stock in a report on Friday, March 27th. Finally, Citigroup increased their price objective on StoneCo from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $41.20.

Shares of STNE traded down $0.51 during trading hours on Tuesday, hitting $40.06. The stock had a trading volume of 77,206 shares, compared to its average volume of 3,129,687. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.70 and a quick ratio of 1.70. StoneCo Ltd has a 12 month low of $17.72 and a 12 month high of $46.69. The firm has a market capitalization of $11.12 billion, a PE ratio of 58.29 and a beta of 2.40. The stock has a fifty day moving average price of $34.70 and a 200 day moving average price of $34.23.

StoneCo (NASDAQ:STNE) last issued its quarterly earnings data on Tuesday, May 26th. The company reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.43. StoneCo had a return on equity of 13.25% and a net margin of 28.63%. The company had revenue of $161.87 million during the quarter, compared to analyst estimates of $137.53 million. As a group, analysts anticipate that StoneCo Ltd will post 0.58 EPS for the current fiscal year.

StoneCo Profile

StoneCo Ltd. engages in the provision of financial technology solutions. It caters to merchants and partners that conduct electronic commerce across in-store, online, and mobile channels. It offers cloud-based technology platform, electronic payments, and automation of business processes at the point-of-sale.

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Institutional Ownership by Quarter for StoneCo (NASDAQ:STNE)

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