Gladstone Capital Management LLP Acquires 185,598 Shares of StoneCo Ltd (NASDAQ:STNE)

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Gladstone Capital Management LLP raised its holdings in StoneCo Ltd (NASDAQ:STNE) by 88.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 396,059 shares of the company’s stock after buying an additional 185,598 shares during the period. StoneCo comprises about 3.3% of Gladstone Capital Management LLP’s holdings, making the stock its 8th largest position. Gladstone Capital Management LLP owned 0.14% of StoneCo worth $11,715,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of STNE. Focused Wealth Management Inc acquired a new stake in shares of StoneCo during the second quarter worth about $30,000. Kwmg LLC acquired a new stake in shares of StoneCo during the first quarter worth about $45,000. Parisi Gray Wealth Management acquired a new stake in shares of StoneCo during the first quarter worth about $102,000. BNP Paribas Arbitrage SA acquired a new stake in shares of StoneCo during the second quarter worth about $125,000. Finally, CenterStar Asset Management LLC acquired a new stake in shares of StoneCo during the first quarter worth about $235,000. Institutional investors own 37.49% of the company’s stock.

NASDAQ STNE opened at $34.90 on Wednesday. StoneCo Ltd has a 52-week low of $16.14 and a 52-week high of $45.62. The business’s 50-day moving average is $33.14. The stock has a market capitalization of $9.99 billion and a price-to-earnings ratio of 105.76.

StoneCo (NASDAQ:STNE) last released its quarterly earnings results on Monday, May 13th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.01. The company had revenue of $142.17 million for the quarter. Equities research analysts forecast that StoneCo Ltd will post 0.79 earnings per share for the current fiscal year.

A number of analysts have recently commented on the company. Credit Suisse Group upgraded StoneCo from a “neutral” rating to an “outperform” rating in a research report on Monday, July 22nd. Zacks Investment Research cut StoneCo from a “hold” rating to a “sell” rating in a research report on Tuesday, May 21st. Cantor Fitzgerald assumed coverage on StoneCo in a research report on Friday, June 28th. They set an “overweight” rating and a $33.00 target price on the stock. Susquehanna Bancshares assumed coverage on StoneCo in a research report on Friday, May 31st. They set a “neutral” rating on the stock. Finally, HSBC assumed coverage on StoneCo in a research report on Tuesday, May 7th. They set a “reduce” rating and a $20.00 target price on the stock. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $34.13.

About StoneCo

StoneCo Ltd. engages in the provision of financial technology solutions. It caters to merchants and partners that conduct electronic commerce across in-store, online, and mobile channels. It offers cloud-based technology platform, electronic payments, and automation of business processes at the point-of-sale.

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Institutional Ownership by Quarter for StoneCo (NASDAQ:STNE)

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