StoneCo Ltd. (NASDAQ:STNE) Shares Acquired by Squadra Investments Gestao DE Recursos LTDA.

Squadra Investments Gestao DE Recursos LTDA. boosted its stake in shares of StoneCo Ltd. (NASDAQ:STNE) by 46.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,951,183 shares of the company’s stock after purchasing an additional 4,446,709 shares during the quarter. StoneCo comprises approximately 52.5% of Squadra Investments Gestao DE Recursos LTDA.’s investment portfolio, making the stock its biggest position. Squadra Investments Gestao DE Recursos LTDA. owned about 4.52% of StoneCo worth $111,191,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its holdings in shares of StoneCo by 254.7% during the 4th quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company’s stock worth $34,000 after acquiring an additional 3,056 shares during the period. Sterling Capital Management LLC raised its position in StoneCo by 627.0% during the 4th quarter. Sterling Capital Management LLC now owns 4,551 shares of the company’s stock worth $36,000 after purchasing an additional 3,925 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its position in shares of StoneCo by 166.7% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company’s stock worth $51,000 after purchasing an additional 4,000 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of StoneCo in the 4th quarter worth approximately $56,000. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in shares of StoneCo by 31.6% during the 4th 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 in the last quarter. 73.19% of the stock is owned by institutional investors.

StoneCo Trading Down 5.1%

Shares of StoneCo stock opened at $13.28 on Friday. StoneCo Ltd. has a 1 year low of $7.72 and a 1 year high of $15.23. The firm has a market cap of $3.80 billion, a PE ratio of 10.38, a PEG ratio of 0.41 and a beta of 2.01. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42. The company has a 50 day simple moving average of $11.90 and a two-hundred day simple moving average of $10.22.

StoneCo (NASDAQ:STNE) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $625.86 million during the quarter, compared to analyst estimates of $3.68 billion. StoneCo had a net margin of 16.02% and a return on equity of 13.92%. Analysts expect that StoneCo Ltd. will post 1.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on STNE. The Goldman Sachs Group reduced their price target 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. Morgan Stanley raised their price objective on StoneCo from $5.70 to $6.00 and gave the company an “underweight” rating in a research note on Friday, March 21st. Barclays boosted their target price on StoneCo from $13.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Monday. Citigroup raised shares of StoneCo from a “neutral” rating to a “buy” rating and upped their price objective for the company from $9.00 to $15.00 in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company raised shares of StoneCo from an “equal weight” rating to an “overweight” rating in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.63.

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.