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

Lombard Odier Asset Management Europe Ltd purchased a new position in StoneCo Ltd. (NASDAQ:STNE) in the first quarter, Holdings Channel.com reports. The firm purchased 130,000 shares of the company’s stock, valued at approximately $1,836,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in StoneCo by 11,473.3% in the fourth quarter. Blue Trust Inc. now owns 1,736 shares of the company’s stock worth $26,000 after purchasing an additional 1,721 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in StoneCo in the 4th quarter worth approximately $28,000. Rockefeller Capital Management L.P. raised its stake in StoneCo by 74.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,199 shares of the company’s stock valued at $33,000 after buying an additional 936 shares during the last quarter. Ensign Peak Advisors Inc purchased a new stake in StoneCo during the 4th quarter valued at $33,000. Finally, Torren Management LLC bought a new position in shares of StoneCo during the 4th quarter valued at $35,000. Institutional investors own 73.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. UBS Group dropped their price target on StoneCo from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, July 17th. Bank of America cut 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. Citigroup downgraded StoneCo from a “buy” rating to a “neutral” rating and lowered their target price for the company from $18.00 to $11.00 in a report on Friday, May 15th. JPMorgan Chase & Co. dropped their target price on StoneCo from $20.00 to $16.50 and set an “overweight” rating on the stock in a research report on Wednesday, May 27th. Finally, BTIG Research cut their price target on StoneCo from $22.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, StoneCo currently has a consensus rating of “Hold” and an average target price of $14.59.

Insider Activity at StoneCo

In other news, Director Silvio Jose Morais sold 9,000 shares of StoneCo stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $11.29, for a total transaction of $101,610.00. Following the transaction, the director directly owned 21,000 shares of the company’s stock, valued at $237,090. The trade was a 30.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

StoneCo Trading Down 0.3%

NASDAQ:STNE opened at $11.35 on Tuesday. StoneCo Ltd. has a one year low of $9.45 and a one year high of $19.95. The business has a fifty day moving average price of $11.01 and a 200-day moving average price of $13.14. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 4.54, a price-to-earnings-growth ratio of 0.33 and a beta of 1.74. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.33 and a quick ratio of 1.33.

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

About StoneCo

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.