GSA Capital Partners LLP Takes $716,000 Position in StoneCo Ltd. (NASDAQ:STNE)

GSA Capital Partners LLP purchased a new position in StoneCo Ltd. (NASDAQ:STNE) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 63,616 shares of the company’s stock, valued at approximately $716,000.

Other large investors have also added to or reduced their stakes in the company. Lazard Asset Management LLC purchased a new stake in shares of StoneCo in the 1st quarter worth about $41,000. Central Bank & Trust Co. bought a new stake in StoneCo during the 2nd quarter valued at approximately $40,000. Y.D. More Investments Ltd grew its holdings in shares of StoneCo by 90.2% during the 2nd quarter. Y.D. More Investments Ltd now owns 4,798 shares of the company’s stock worth $58,000 after acquiring an additional 2,275 shares during the period. Invst LLC purchased a new position in shares of StoneCo during the 1st quarter worth approximately $172,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of StoneCo in the 3rd quarter worth approximately $125,000. Institutional investors own 73.19% of the company’s stock.

StoneCo Price Performance

STNE opened at $9.76 on Monday. The company’s 50-day simple moving average is $11.27 and its two-hundred day simple moving average is $12.70. StoneCo Ltd. has a 52-week low of $9.61 and a 52-week high of $19.46. The stock has a market capitalization of $3.02 billion, a P/E ratio of 7.63, a P/E/G ratio of 0.34 and a beta of 2.29. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.36 and a current ratio of 1.42.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on STNE. Morgan Stanley reaffirmed an “underweight” rating and issued a $7.00 price target (down from $16.50) on shares of StoneCo in a research note on Thursday, September 5th. UBS Group upped their target price on shares of StoneCo from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Cantor Fitzgerald raised shares of StoneCo to a “strong-buy” rating in a research report on Thursday, October 3rd. Barclays dropped their price objective on shares of StoneCo from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 15th. Finally, Susquehanna decreased their target price on shares of StoneCo from $22.00 to $19.00 and set a “positive” rating for the company in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.00.

StoneCo Company Profile

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.