Vinland Capital Management Gestora de Recursos LTDA. Buys Shares of 64,608 StoneCo Ltd. $STNE

Vinland Capital Management Gestora de Recursos LTDA. bought a new position in shares of StoneCo Ltd. (NASDAQ:STNE) in the 1st quarter, HoldingsChannel.com reports. The fund bought 64,608 shares of the company’s stock, valued at approximately $912,000. StoneCo comprises approximately 1.8% of Vinland Capital Management Gestora de Recursos LTDA.’s holdings, making the stock its 2nd largest position.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. AQR Capital Management LLC acquired a new stake in shares of StoneCo in the 1st quarter valued at approximately $902,000. Strs Ohio acquired a new position in StoneCo during the 1st quarter worth approximately $70,000. Prudential Financial Inc. lifted its stake in StoneCo by 37.4% in the 2nd quarter. Prudential Financial Inc. now owns 28,075 shares of the company’s stock valued at $450,000 after purchasing an additional 7,635 shares during the last quarter. Invesco Ltd. lifted its stake in StoneCo by 8.3% in the 2nd quarter. Invesco Ltd. now owns 256,142 shares of the company’s stock valued at $4,109,000 after purchasing an additional 19,723 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in StoneCo by 10.0% in the second quarter. First Trust Advisors LP now owns 13,995 shares of the company’s stock valued at $224,000 after buying an additional 1,273 shares in the last quarter. Institutional investors own 73.19% of the company’s stock.

Insiders Place Their Bets

In other StoneCo news, Director Silvio Jose Morais sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $11.29, for a total transaction of $101,610.00. Following the completion of the transaction, the director owned 21,000 shares in the company, valued at approximately $237,090. This trade represents a 30.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 11.25% of the company’s stock.

StoneCo Stock Up 1.9%

Shares of STNE opened at $10.99 on Friday. The company has a market capitalization of $2.74 billion, a PE ratio of 4.40, a PEG ratio of 0.20 and a beta of 1.73. StoneCo Ltd. has a 12 month low of $9.45 and a 12 month high of $19.95. The stock’s 50-day moving average price is $11.40 and its two-hundred day moving average price is $13.82. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.57.

StoneCo (NASDAQ:STNE) last issued its quarterly 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 during the quarter, compared to analysts’ expectations of $675.11 million. On average, analysts anticipate that StoneCo Ltd. will post 2.31 EPS for the current year.

StoneCo Dividend Announcement

The company also recently announced a special dividend, which was paid on Monday, May 4th. Shareholders of record on Friday, April 24th were given a dividend of $2.53 per share. The ex-dividend date of this dividend was Friday, April 24th.

Analyst Ratings Changes

STNE has been the subject of several research analyst reports. Zacks Research upgraded shares of StoneCo from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 3rd. JPMorgan Chase & Co. reduced their price objective on StoneCo from $20.00 to $16.50 and set an “overweight” rating on the stock in a research report on Wednesday, May 27th. Weiss Ratings cut StoneCo from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Citigroup downgraded StoneCo from a “buy” rating to a “neutral” rating and dropped their target price for the company from $18.00 to $11.00 in a research report on Friday, May 15th. Finally, UBS Group cut their price target on StoneCo from $19.50 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, March 11th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.58.

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.