Quantbot Technologies LP acquired a new stake in shares of StoneCo Ltd. (NASDAQ:STNE – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 286,494 shares of the company’s stock, valued at approximately $3,435,000.
Other large investors also recently bought and sold shares of the company. UBS Group AG boosted its holdings in StoneCo by 14.5% during the 4th quarter. UBS Group AG now owns 2,001,221 shares of the company’s stock valued at $36,082,000 after acquiring an additional 253,276 shares during the period. Quadrature Capital Ltd purchased a new position in StoneCo during the 4th quarter valued at $2,008,000. Norges Bank purchased a new stake in shares of StoneCo in the 4th quarter worth $58,777,000. Lord Abbett & CO. LLC bought a new position in shares of StoneCo during the 1st quarter worth $33,139,000. Finally, Vanguard Group Inc. increased its stake in shares of StoneCo by 3.5% during the first quarter. Vanguard Group Inc. now owns 2,636,619 shares of the company’s stock valued at $43,794,000 after buying an additional 88,256 shares during the period. Hedge funds and other institutional investors own 73.19% of the company’s stock.
StoneCo Stock Performance
STNE opened at $12.39 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.41. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 11.16, a PEG ratio of 0.43 and a beta of 2.31. StoneCo Ltd. has a 52-week low of $9.34 and a 52-week high of $19.46. The firm’s fifty day simple moving average is $13.07 and its two-hundred day simple moving average is $14.32.
Wall Street Analysts Forecast Growth
A number of research firms have commented on STNE. Evercore ISI cut their target price on shares of StoneCo from $25.00 to $23.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Barclays decreased their target price on shares of StoneCo from $16.00 to $14.00 and set an “equal weight” rating for the company in a research report on Thursday, August 1st. The Goldman Sachs Group cut their price target on shares of StoneCo from $21.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, June 26th. JPMorgan Chase & Co. upgraded shares of StoneCo from a “neutral” rating to an “overweight” rating and set a $20.00 price objective on the stock in a research note on Thursday, June 6th. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $7.00 price objective (down previously from $16.50) on shares of StoneCo in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, StoneCo has an average rating of “Moderate Buy” and an average price target of $17.80.
Check Out Our Latest Research Report on StoneCo
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.
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