Quantbot Technologies LP Invests $2.52 Million in StoneCo Ltd. (NASDAQ:STNE)

Quantbot Technologies LP bought a new position in StoneCo Ltd. (NASDAQ:STNE) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 316,316 shares of the company’s stock, valued at approximately $2,521,000. Quantbot Technologies LP owned approximately 0.10% of StoneCo as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans lifted its stake in shares of StoneCo by 6.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 21,082 shares of the company’s stock worth $168,000 after buying an additional 1,205 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its position in StoneCo by 31.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 7,500 shares of the company’s stock valued at $59,000 after purchasing an additional 1,800 shares during the period. Xponance Inc. lifted its position in StoneCo by 10.9% during the fourth quarter. Xponance Inc. now owns 20,781 shares of the company’s stock valued at $166,000 after purchasing an additional 2,044 shares during the period. Jones Financial Companies Lllp lifted its position in StoneCo by 254.7% during the fourth quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company’s stock valued at $34,000 after purchasing an additional 3,056 shares during the period. Finally, Atria Investments Inc lifted its position in StoneCo by 19.0% during the third quarter. Atria Investments Inc now owns 20,258 shares of the company’s stock valued at $228,000 after purchasing an additional 3,241 shares during the period. Institutional investors own 73.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on STNE shares. Wells Fargo & Company upgraded shares of StoneCo from an “equal weight” rating to an “overweight” rating in a research report on Wednesday. Morgan Stanley increased their price objective on shares of StoneCo from $5.70 to $6.00 and gave the company an “underweight” rating in a research report on Friday. Citigroup reaffirmed a “neutral” rating and set a $9.00 target price (down from $19.00) on shares of StoneCo in a report on Thursday, January 16th. JPMorgan Chase & Co. reduced their target price on shares of StoneCo from $21.00 to $15.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Finally, The Goldman Sachs Group reduced their target price on shares of StoneCo from $16.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, StoneCo has an average rating of “Moderate Buy” and an average target price of $14.50.

StoneCo Stock Down 0.7 %

Shares of STNE stock opened at $11.10 on Friday. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 8.67, a PEG ratio of 0.41 and a beta of 2.33. StoneCo Ltd. has a one year low of $7.72 and a one year high of $17.93. The company’s fifty day moving average price is $9.36 and its 200-day moving average price is $9.94. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42.

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

About StoneCo

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.