Commons Capital LLC Takes $383,000 Position in StoneCo Ltd. (NASDAQ:STNE)

Commons Capital LLC purchased a new position in shares of StoneCo Ltd. (NASDAQ:STNE) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 48,002 shares of the company’s stock, valued at approximately $383,000.

Other large investors have also bought and sold shares of the company. Magnetar Financial LLC bought a new stake in StoneCo in the 2nd quarter valued at about $1,643,000. Marshall Wace LLP boosted its holdings in shares of StoneCo by 204.1% in the 2nd quarter. Marshall Wace LLP now owns 7,741,662 shares of the company’s stock worth $92,823,000 after buying an additional 5,195,787 shares during the last quarter. Point72 DIFC Ltd grew its position in shares of StoneCo by 123.4% during the 2nd quarter. Point72 DIFC Ltd now owns 251,993 shares of the company’s stock valued at $3,021,000 after acquiring an additional 139,182 shares during the period. Point72 Asset Management L.P. increased its holdings in StoneCo by 10.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 8,386,945 shares of the company’s stock worth $100,559,000 after acquiring an additional 779,445 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in StoneCo during the 2nd quarter valued at $135,000. 73.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on STNE shares. Cantor Fitzgerald raised shares of StoneCo to a “strong-buy” rating in a report on Thursday, October 3rd. Citigroup reissued a “neutral” rating and issued a $9.00 target price (down previously from $19.00) on shares of StoneCo in a research note on Thursday, January 16th. Susquehanna decreased their price objective on shares of StoneCo from $22.00 to $19.00 and set a “positive” rating on the stock in a research report on Wednesday, November 13th. Barclays decreased their target price on StoneCo from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Monday, November 18th. Finally, JPMorgan Chase & Co. cut their price objective on StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.75.

StoneCo Stock Performance

Shares of STNE stock opened at $8.44 on Wednesday. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 6.59, a price-to-earnings-growth ratio of 0.34 and a beta of 2.23. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.42 and a current ratio of 1.42. StoneCo Ltd. has a one year low of $7.72 and a one year high of $19.46. The company’s 50-day moving average is $8.88 and its 200 day moving average is $11.07.

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.