Los Angeles Capital Management LLC Boosts Holdings in StoneCo Ltd. (NASDAQ:STNE)

Los Angeles Capital Management LLC lifted its holdings in shares of StoneCo Ltd. (NASDAQ:STNE) by 9.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 221,844 shares of the company’s stock after purchasing an additional 18,505 shares during the period. Los Angeles Capital Management LLC’s holdings in StoneCo were worth $4,000,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. McGlone Suttner Wealth Management Inc. bought a new position in shares of StoneCo in the fourth quarter worth approximately $26,000. Headlands Technologies LLC bought a new stake in StoneCo in the 4th quarter worth $56,000. Tucker Asset Management LLC purchased a new position in shares of StoneCo in the third quarter valued at about $60,000. Signaturefd LLC raised its stake in shares of StoneCo by 45.5% during the fourth quarter. Signaturefd LLC now owns 7,149 shares of the company’s stock valued at $129,000 after acquiring an additional 2,235 shares during the last quarter. Finally, Itau Unibanco Holding S.A. purchased a new stake in shares of StoneCo during the third quarter worth about $101,000. Hedge funds and other institutional investors own 73.19% of the company’s stock.

Analysts Set New Price Targets

STNE has been the subject of several research analyst reports. Susquehanna dropped their price objective on StoneCo from $23.00 to $22.00 and set a “positive” rating for the company in a report on Friday, April 19th. UBS Group lowered StoneCo from a “buy” rating to a “neutral” rating and raised their price target for the stock from $18.00 to $21.00 in a research note on Thursday, February 1st. The Goldman Sachs Group raised shares of StoneCo from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $12.00 to $21.00 in a research report on Monday, January 22nd. Barclays dropped their target price on shares of StoneCo from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Monday, April 29th. Finally, Citigroup increased their price target on shares of StoneCo from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, StoneCo currently has a consensus rating of “Moderate Buy” and an average target price of $19.00.

StoneCo Price Performance

Shares of STNE opened at $16.73 on Monday. StoneCo Ltd. has a fifty-two week low of $9.34 and a fifty-two week high of $19.46. The firm’s 50-day simple moving average is $16.46 and its two-hundred day simple moving average is $15.82. The stock has a market cap of $5.26 billion, a PE ratio of 16.56, a price-to-earnings-growth ratio of 0.62 and a beta of 2.39. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.27 and a current ratio of 1.27.

StoneCo (NASDAQ:STNE) last issued its quarterly earnings results on Monday, March 18th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. StoneCo had a return on equity of 11.23% and a net margin of 13.35%. The firm had revenue of $655.87 million for the quarter, compared to analysts’ expectations of $468.47 million. Analysts anticipate that StoneCo Ltd. will post 1.27 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.