Ruffer LLP Takes Position in StoneCo Ltd. (NASDAQ:STNE)

Ruffer LLP acquired a new stake in StoneCo Ltd. (NASDAQ:STNE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 70,222 shares of the company’s stock, valued at approximately $560,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Point72 Asset Management L.P. raised its holdings 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 valued at $128,617,000 after purchasing an additional 3,035,530 shares in the last quarter. State Street Corp raised its stake in StoneCo by 51.0% during the 3rd quarter. State Street Corp now owns 7,972,037 shares of the company’s stock worth $89,765,000 after acquiring an additional 2,692,558 shares in the last quarter. Geode Capital Management LLC raised its stake in StoneCo by 36.0% during the 3rd quarter. Geode Capital Management LLC now owns 5,190,344 shares of the company’s stock worth $58,302,000 after acquiring an additional 1,374,788 shares in the last quarter. Truxt Investmentos Ltda. acquired a new stake in StoneCo during the 3rd quarter worth $31,695,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in StoneCo by 37.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,689,839 shares of the company’s stock worth $19,028,000 after acquiring an additional 457,856 shares in the last quarter. 73.19% of the stock is currently owned by institutional investors and hedge funds.

StoneCo Stock Up 2.1 %

Shares of NASDAQ:STNE opened at $9.71 on Friday. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 7.59, a PEG ratio of 0.41 and a beta of 2.33. The firm’s 50-day simple moving average is $8.96 and its 200-day simple moving average is $10.19. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47. StoneCo Ltd. has a fifty-two week low of $7.72 and a fifty-two week high of $17.93.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on STNE. Citigroup reiterated a “neutral” rating and set a $9.00 price target (down from $19.00) on shares of StoneCo in a research note on Thursday, January 16th. JPMorgan Chase & Co. cut their price target on shares of StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. The Goldman Sachs Group cut their price target on shares of StoneCo from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Susquehanna lowered their price objective on shares of StoneCo from $22.00 to $19.00 and set a “positive” rating on the stock in a research report on Wednesday, November 13th. Finally, Barclays lowered their price objective on shares of StoneCo from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $14.38.

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.