Integrated Quantitative Investments LLC Makes New $328,000 Investment in StoneCo Ltd. (NASDAQ:STNE)

Integrated Quantitative Investments LLC purchased a new position in shares of StoneCo Ltd. (NASDAQ:STNE) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 41,200 shares of the company’s stock, valued at approximately $328,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans lifted its position in shares of StoneCo by 9.8% in the third quarter. Thrivent Financial for Lutherans now owns 19,877 shares of the company’s stock valued at $224,000 after acquiring an additional 1,773 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in StoneCo by 18.8% during the third quarter. The Manufacturers Life Insurance Company now owns 146,442 shares of the company’s stock worth $1,649,000 after purchasing an additional 23,167 shares during the last quarter. FMR LLC raised its holdings in shares of StoneCo by 466.4% in the 3rd quarter. FMR LLC now owns 64,492 shares of the company’s stock worth $726,000 after purchasing an additional 53,106 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of StoneCo by 1,985.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,978 shares of the company’s stock worth $698,000 after acquiring an additional 59,006 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in StoneCo in the third quarter valued at about $9,091,000. Institutional investors and hedge funds own 73.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on STNE shares. JPMorgan Chase & Co. reduced their target price on shares of StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Morgan Stanley boosted their target price on shares of StoneCo from $5.70 to $6.00 and gave the company an “underweight” rating in a research note on Friday, March 21st. Wells Fargo & Company upgraded StoneCo from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, March 19th. The Goldman Sachs Group decreased their price objective on StoneCo from $16.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Finally, Barclays increased their price target on StoneCo from $10.00 to $12.00 and gave the company an “equal weight” rating in a research note on Friday, March 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.50.

StoneCo Stock Performance

Shares of STNE stock opened at $10.58 on Friday. The stock’s fifty day simple moving average is $9.87 and its 200-day simple moving average is $9.90. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 8.27, a P/E/G ratio of 0.41 and a beta of 2.05. StoneCo Ltd. has a 1-year low of $7.72 and a 1-year high of $17.93.

StoneCo (NASDAQ:STNE) last announced its quarterly earnings results on Tuesday, March 18th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.32 by $0.07. StoneCo had a net margin of 16.02% and a return on equity of 13.92%. The company had revenue of $582.20 million for the quarter, compared to analyst estimates of $3.59 billion. On average, sell-side analysts predict that StoneCo Ltd. will post 1.16 earnings per share for the current fiscal year.

StoneCo 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.