39.85 +0.01 (0.03%)
After hours: 4:05PM EDT
|Bid||39.52 x 900|
|Ask||39.89 x 900|
|Day's Range||39.53 - 40.97|
|52 Week Range||17.72 - 46.69|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||211.91|
|Earnings Date||May 26, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||196.66|
The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st, a week after the market trough. Now, we are […]
StoneCo quickly returned to growth as Brazil relaxed coronavirus guidelines. And the country reopened more activities in June.
JoAnne Feeney, Partner and Portfolio Manager at Advisors Capital Management, joins The Final Round to discuss her top picks in the tech sector and areas to look for opportunity.
This year's unprecedented market conditions have highlighted some of the problems with making rigid distinctions between growth stocks and value stocks. High-quality tech companies that can shape and benefit from influential trends have the potential to post explosive growth over the long term, and the defensive value that these types of businesses can also add to a portfolio has never been more clear. Here's why investors seeking stocks that can deliver big growth and thrive through adversity should consider adding StoneCo (NASDAQ: STNE), CrowdStrike Holdings (NASDAQ: CRWD), and Zynga (NASDAQ: ZNGA) to their portfolios.
For instance, Shopify (NYSE: SHOP) has been an expensive stock for years. StoneCo (NASDAQ: STNE) has unbelievably good numbers. In my mind, StoneCo is very similar to Square (NYSE: SQ), the fintech superstar in the U.S. Like Square, StoneCo is using technology to create a whole ecosystem of start-up retail entrepreneurs.
It was a volatile day for shares of Brazilian payments company StoneCo (NASDAQ: STNE). Not to mention, StoneCo's promising addressable market just gained a new competitor with very deep pockets. StoneCo operates in Brazil, so it's not a direct beneficiary of such data.
(Bloomberg) -- Facebook Inc.’s WhatsApp messenger launched a payments feature in Brazil, the app’s second-biggest market with more than 120 million users.Payments on WhatsApp will be free for users, whether sending to friends on the app or to pay a business for goods and services. The Facebook unit will charge business owners a fee for purchases and is partnering with Cielo SA, Brazil’s largest payments company, to process transactions.WhatsApp has tested payments in a handful of markets over the past two years, including India and Mexico, but Brazil is the first where the service will go through a full-scale rollout of the feature. Facebook started a small test of the product in Brazil about a month ago, WhatsApp Chief Operating Officer Matt Idema said in an interview, adding that the country is among the leaders when it comes to people using WhatsApp to interact with merchants.Payments are a key element of WhatsApp’s long-term plan to offer commerce within the app -- and Facebook has been testing and building its payments product for the past two years. More than 5 million merchants around the world use a business version of the messenger app, and in countries like India and Brazil, WhatsApp serves as the main or only online presence for many mom-and-pop retailers.WhatsApp wants to be the primary way these small businesses interact with their customers -- a new version of email or a 1-800 number -- and also serve as a storefront for users to buy products, Idema said.Progress to date hasn’t been entirely smooth. In India, WhatsApp’s largest and most important market, regulators have pushed back against Facebook’s payments plan.Read more: WhatsApp Gets a Raw Deal in Payments: Andy MukherjeeStill, WhatsApp has started to push its commerce plans more aggressively after years of questions about its eventual business strategy. In April, Facebook invested $5.7 billion in Reliance Jio, the owner of some of India’s most popular digital services, including a commerce platform called JioMart. In early June, Facebook also revealed it had invested in Gojek, the largest startup in Indonesia, which has evolved from a ride-hailing service to a suite of digital services that includes payments.Facebook’s investments have been geared toward helping WhatsApp better integrate into national economies and give the company more access to local merchants who might want to use the service.Read more: Facebook Seals Biggest Deal Since WhatsApp With AmbaniWhatsApp is relying on what Idema calls an “open partner” model for payments, too. “We want it to be possible for any person to send money to anyone or pay any business inside the app,” he said. “If that’s your vision, then to achieve it you have to have an open partner approach.”Becoming a Facebook partner can be lucrative, at least in the short term. Cielo stock on Monday jumped about 35% after news of the WhatsApp arrangement. Rival payments companies StoneCo Ltd. and PagSeguro Digital Ltd. fell as much as 8.5% and 10%, respectively.In Brazil, that approach means partnering with three banks: Banco do Brasil, Nubank and Sicredi. WhatsApp users who have accounts with any one of those banks will be able to add their Visa Inc. or Mastercard Inc. debit or credit card to Facebook’s payments system for use on the app. Facebook will charge merchants a 3.99% processing fee for accepting payments on WhatsApp.Eventually, this system will also work across Facebook’s apps, Idema said.Users who sign up for payments on WhatsApp will do so through the company’s Facebook Pay feature, which is also rolling out on Messenger and Instagram. Once Facebook makes it possible for users to send messages between all its services -- a long-term project the company announced last year -- they’ll also be able to send money between apps as well.Payments on WhatsApp will be available to those in Brazil in the coming weeks and will expand to other countries soon, said Idema.(Updates with stock prices in the 10th paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Brazilian payment company StoneCo (NASDAQ: STNE) is soaring on Wednesday, with shares up by more than 11% at 3 p.m. EDT. The fintech has been an especially strong performer in the recent market rebound, rising 43% in the past month alone, mostly fueled by a stellar earnings report. Rather, the gradual reopening of Brazil's economy is starting far sooner than many had expected.
In this article we will take a look at whether hedge funds think StoneCo Ltd. (NASDAQ:STNE) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from […]
In this edition of Industry Focus: Wildcard, host Jason Moser and Fool.com contributor Matt Frankel start by discussing recent stock price action in the banking industry, and why some banks, like M&T Bank (NYSE: MTB) and Ameris Bancorp (NASDAQ: ABCB), are underperforming peers. Then, the pair dives into StoneCo (NASDAQ: STNE) earnings and discusses some positive surprises in the real estate market. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center.
Despite an investor stampede for the exits in the month of March that put a lot of stocks on sale, Warren Buffett's Berkshire Hathaway did surprisingly little stock buying in the first quarter. One good reason Buffett needn't lose any sleep over missed chances is that he's already put the ball into play on many occasions by buying some of the best businesses on the planet. Brazilian payment processor StoneCo (NASDAQ: STNE) and retail landlord STORE Capital (NYSE: STOR) have been beaten down during the COVID-19 scare, haven't recovered yet, and are likely to produce handsome returns for investors with a patient mindset.
StoneCo Ltd. (NASDAQ:STNE) shareholders will have a reason to smile today, with the analysts making substantial...
The digital payments, e-commerce, and finance company that Warren Buffett has a 5% stake in rises even as the economic situation in Brazil decays.
PagSeguro earnings topped forecasts after Brazilian payments rival StoneCo reported mixed results and rebounding payments activity.
Berkshire Hathaway’s (NYSE: BRK.A) (NYSE:BRK.B) owner Warren Buffett is the most popular investor who built his $89.9 billion net worth by investing in value companies. He was among the few who profited from the 2008 crisis. In the current Covid-19 crisis, he is holding a lot of cash as most companies are not prepared for […]
GEORGE TOWN, Grand Cayman, May 27, 2020 -- StoneCo Ltd. (NASDAQ: STNE) (“Stone” or the “Company”) announced that its Board of Directors resolved, on its meeting of May 21,.
Shares of Brazilian fintech company StoneCo (NASDAQ: STNE) were flying higher on Wednesday after the company reported results for the first quarter of 2020. While StoneCo has been negatively impacted by the COVID-19 pandemic, the company showed that business is already well along the path toward recovery. StoneCo stock has underperformed the market in 2020 since it does business in Brazil, one of the countries that's been most affected by the coronavirus.
Warren Buffett remains one of the most closely followed investors in the world, even though his Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) hasn't fared as well as the broader market over the past year. Today, Berkshire's picking up ground, but the insurance giant's 2% gain pales in comparison to how one of Buffett's choices for the Berkshire portfolio is doing. StoneCo (NASDAQ: STNE) is lighting up the market with its gains, and the Brazilian company's performance offers some new perspective on the state of the global economy.
The shares of StoneCo Ltd. (NASDAQ: STNE) surged in the after-hours session on Tuesday, as the Brazilian financial technology company reported earnings for its first quarter ending March.Q1 Earnings StoneCo posted a total revenue of $134 million, up 33% from the $100.2 million reported in the same quarter a year ago.The earnings per share for the quarter stood at 11 cents, slightly lower than the 12 cents EPS posted a year ago.StoneCo said total payment volume increased 42.1% year-on-year to $7 billion, giving investors a cause for optimism.View more earnings on STNEIt further noted that the TPV had increased 52% YoY by mid-March, before being impacted by the novel coronavirus (COVID-19) pandemic.The lockdowns imposed to curb the spread of the virus forced many of its clients to suspend operations, either partially or completely, according to StoneCo.Warren Buffet's Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) holds a stake in the fintech company.Price Action StoneCo shares traded 27.3% higher in the after-hours session at $34, after closing the regular session 9.2% higher at $26.70.See more from Benzinga * 'FAANG Stocks Are Strong Once Again,' Facebook, Amazon, Netflix Hit Record Highs Last Week * Goldman Sachs Plans To Expand Cash Management To Europe Despite Coronavirus Impact * Novavax Begins Phase 1 Clinical Trial Of Its Coronavirus Vaccine(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
GEORGE TOWN, Grand Cayman, May 26, 2020 -- StoneCo Ltd. (Nasdaq: STNE) (“Stone” or the “Company”), a leading provider of financial technology solutions that empower merchants.