Trexquant Investment LP purchased a new position in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 775,130 shares of the company's stock, valued at approximately $6,178,000. Trexquant Investment LP owned 0.25% of StoneCo as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the business. Norges Bank purchased a new stake in StoneCo in the fourth quarter valued at approximately $22,642,000. State Street Corp lifted its stake in shares of StoneCo by 51.0% during the third 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 in the last quarter. SPX Gestao de Recursos Ltda grew its stake in shares of StoneCo by 3,248.6% in the fourth quarter. SPX Gestao de Recursos Ltda now owns 1,813,588 shares of the company's stock valued at $14,454,000 after buying an additional 1,759,429 shares in the last quarter. Geode Capital Management LLC grew its position in StoneCo by 36.0% in the third quarter. Geode Capital Management LLC now owns 5,190,344 shares of the company's stock valued at $58,302,000 after acquiring an additional 1,374,788 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in StoneCo by 327.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,580,679 shares of the company's stock worth $17,798,000 after buying an additional 1,210,817 shares in the last quarter. Hedge funds and other institutional investors own 73.19% of the company's stock.
StoneCo Stock Performance
STNE stock traded down $0.23 on Thursday, reaching $10.85. The company's stock had a trading volume of 2,940,986 shares, compared to its average volume of 5,619,778. StoneCo Ltd. has a 52 week low of $7.72 and a 52 week high of $17.23. The company has a market capitalization of $3.35 billion, a P/E ratio of 8.44, a price-to-earnings-growth ratio of 0.41 and a beta of 2.05. The firm has a fifty day moving average of $10.04 and a two-hundred day moving average of $9.86. 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 - Get Free Report) last posted its quarterly earnings data on Tuesday, March 18th. The company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.07. StoneCo had a net margin of 16.02% and a return on equity of 13.92%. The business had revenue of $582.20 million for the quarter, compared to analyst estimates of $3.59 billion. As a group, analysts predict that StoneCo Ltd. will post 1.16 EPS for the current fiscal year.
Analysts Set New Price Targets
Several brokerages have weighed in on STNE. Citigroup reissued a "neutral" rating and set a $9.00 price objective (down from $19.00) on shares of StoneCo in a report on Thursday, January 16th. JPMorgan Chase & Co. reduced their price target on shares of StoneCo from $21.00 to $15.00 and set an "overweight" rating on the stock in a research report on Monday, December 16th. Wells Fargo & Company raised shares of StoneCo from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, March 19th. Morgan Stanley raised their target price on shares of 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 lowered their target price on 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 assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $14.50.
Check Out Our Latest Report on StoneCo
About StoneCo
(
Free Report)
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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