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

Commons Capital LLC acquired a new stake in shares of StoneCo Ltd. (NASDAQ:STNE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 48,002 shares of the company’s stock, valued at approximately $383,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in STNE. Marshall Wace LLP boosted its position in StoneCo by 204.1% in the second quarter. Marshall Wace LLP now owns 7,741,662 shares of the company’s stock worth $92,823,000 after purchasing an additional 5,195,787 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in shares of StoneCo by 36.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 11,422,475 shares of the company’s stock worth $128,617,000 after purchasing an additional 3,035,530 shares during the period. Truxt Investmentos Ltda. purchased a new position in shares of StoneCo in the third quarter worth approximately $31,695,000. State Street Corp boosted its holdings in shares of StoneCo by 51.0% in the third quarter. State Street Corp now owns 7,972,037 shares of the company’s stock worth $89,765,000 after buying an additional 2,692,558 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in StoneCo by 36.0% during the third quarter. Geode Capital Management LLC now owns 5,190,344 shares of the company’s stock valued at $58,302,000 after buying an additional 1,374,788 shares during the last quarter. Hedge funds and other institutional investors own 73.19% of the company’s stock.

Analyst Ratings Changes

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

StoneCo Trading Down 1.4 %

Shares of NASDAQ STNE opened at $8.44 on Wednesday. The business has a fifty day moving average price of $8.88 and a 200 day moving average price of $11.07. StoneCo Ltd. has a 1-year low of $7.72 and a 1-year high of $19.46. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market capitalization of $2.61 billion, a P/E ratio of 6.59, a price-to-earnings-growth ratio of 0.34 and a beta of 2.23.

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.