5,840,741 StoneCo Ltd. $STNE Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its position in shares of StoneCo Ltd. (NASDAQ:STNE) by 559.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,885,009 shares of the company’s stock after acquiring an additional 5,840,741 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 2.77% of StoneCo worth $64,306,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Kapitalo Investimentos Ltda bought a new stake in shares of StoneCo in the 3rd quarter worth $4,296,000. GAMMA Investing LLC lifted its holdings in shares of StoneCo by 63.1% during the third quarter. GAMMA Investing LLC now owns 6,339 shares of the company’s stock valued at $59,000 after purchasing an additional 2,452 shares in the last quarter. Andra AP fonden lifted its holdings in shares of StoneCo by 159.5% during the second quarter. Andra AP fonden now owns 1,593,600 shares of the company’s stock valued at $17,275,000 after purchasing an additional 979,400 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of StoneCo during the second quarter valued at $139,000. Finally, Tidal Investments LLC purchased a new stake in shares of StoneCo during the second quarter valued at $480,000. 73.19% of the stock is currently owned by hedge funds and other institutional investors.

StoneCo Stock Performance

STNE stock opened at $11.15 on Friday. The company has a market cap of $2.78 billion, a P/E ratio of 4.50, a price-to-earnings-growth ratio of 0.32 and a beta of 1.68. StoneCo Ltd. has a 1 year low of $8.95 and a 1 year high of $19.64. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.26 and a quick ratio of 1.26. The stock’s fifty day moving average price is $10.22 and its 200-day moving average price is $11.04.

StoneCo (NASDAQ:STNE) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. StoneCo had a return on equity of 22.19% and a net margin of 22.92%. The company had revenue of $129.73 million during the quarter, compared to analysts’ expectations of $708.24 million. On average, equities analysts forecast that StoneCo Ltd. will post 2.23 earnings per share for the current year.

Analyst Ratings Changes

STNE has been the subject of several research analyst reports. Jefferies Financial Group started coverage on StoneCo in a report on Thursday, July 23rd. They issued a “hold” rating and a $12.60 price objective for the company. UBS Group reissued a “buy” rating on shares of StoneCo in a research report on Thursday, October 15th. Weiss Ratings upgraded shares of StoneCo from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. Finally, Bank of America cut shares of StoneCo from a “buy” rating to a “neutral” rating and set a $13.00 target price on the stock. in a research note on Wednesday, July 15th. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.30.

Insider Activity

In other StoneCo news, Director Silvio Morais sold 21,000 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $9.91, for a total transaction of $208,110.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 11.25% of the stock is currently owned by corporate insiders.

About StoneCo

StoneCo Ltd. is a financial technology company that provides payment processing and business-management solutions primarily to small and medium-sized businesses in Brazil. Through its Stone brand, the company enables merchants to accept payments in physical stores and online, including card, digital-wallet and other electronic transactions.

Its products and services include point-of-sale terminals, payment gateways, transaction processing, digital banking and financial-account services, as well as working-capital and other credit solutions for eligible merchants.