Top 5 Stock Picks of Mark Moore’s ThornTree Capital

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In this piece, we will take a look at the top 5 stock picks of Mark Moore’s ThornTree Capital. If you want a more detailed take then also take a look at the Top 10 Stock Picks of Mark Moore’s ThornTree Capital.

5. StoneCo Ltd. (NASDAQ:STNE)

Value of Mr. Moore’s Stake: $40 Million

Percentage of ThornTree Capital’s 13F Portfolio: 5.42%

Number of Hedge Fund Holders: 44

StoneCo Ltd. (NASDAQ:STNE) is a Brazilian electronic commerce financial services provider that was founded in 2000 and is headquartered in George Town, Cayman Islands. It offers its products and services to brick and mortar and digital merchants, among others.

During its second quarter, StoneCo Ltd. (NASDAQ:STNE) earned R$613 million in revenue and -R$0.47 in non-GAAP EPS, marking for an 8% annual revenue drop. In an October 2021 analyst note, Susquehanna lowered the company’s price target to $65 and kept a Positive rating on the shares explaining that discussions with management indicated positive performance in the third quarter.

By the end of the second quarter 2021, Mr. Moore held 599,946 shares of StoneCo Ltd. (NASDAQ:STNE). These were worth $40 million and made up for 5.42% of his portfolio. During the same time, 44 out of 873 hedge funds polled by Insider Monkey had held a stake in the company.

StoneCo Ltd. (NASDAQ:STNE) largest investor is Rishi Renjen’s ROAM Global Management who owns 149,034 shares worth $9.9 billion.

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