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

Integrated Quantitative Investments LLC bought a new position in shares of StoneCo Ltd. (NASDAQ:STNE) during the fourth quarter, Holdings Channel.com reports. The fund bought 41,200 shares of the company’s stock, valued at approximately $328,000.

Several other large investors have also recently bought and sold shares of STNE. State Street Corp increased its holdings in shares of 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 purchasing an additional 2,692,558 shares during the period. Geode Capital Management LLC boosted its stake in shares of StoneCo by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 5,419,797 shares of the company’s stock valued at $43,120,000 after purchasing an additional 229,453 shares in the last quarter. Norges Bank acquired a new position in StoneCo in the fourth quarter valued at about $22,642,000. SPX Gestao de Recursos Ltda grew its position in StoneCo by 3,248.6% during the 4th quarter. SPX Gestao de Recursos Ltda now owns 1,813,588 shares of the company’s stock worth $14,454,000 after acquiring an additional 1,759,429 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of StoneCo by 7.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,696,729 shares of the company’s stock worth $13,523,000 after purchasing an additional 116,050 shares during the last quarter. 73.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have 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, March 19th. JPMorgan Chase & Co. dropped their target price on StoneCo from $21.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. 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. Morgan Stanley lifted their target price on StoneCo from $5.70 to $6.00 and gave the stock an “underweight” rating in a report on Friday, March 21st. Finally, The Goldman Sachs Group cut their price target on StoneCo from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, StoneCo currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.50.

StoneCo Price Performance

NASDAQ:STNE opened at $10.58 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market cap 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 52 week low of $7.72 and a 52 week high of $17.93. The firm’s 50-day simple moving average is $9.87 and its 200 day simple moving average is $9.90.

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

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.