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

Integrated Quantitative Investments LLC acquired a new position in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 41,200 shares of the company's stock, valued at approximately $328,000.

Other large investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its position in shares of StoneCo by 254.7% in the fourth quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company's stock valued at $34,000 after purchasing an additional 3,056 shares during the period. Newbridge Financial Services Group Inc. lifted its position in shares of StoneCo by 166.7% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company's stock worth $51,000 after acquiring an additional 4,000 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of StoneCo in the fourth quarter valued at $56,000. Skandinaviska Enskilda Banken AB publ raised its stake 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 during the period. Finally, KBC Group NV bought a new position in StoneCo in the 4th quarter worth about $73,000. Hedge funds and other institutional investors own 73.19% of the company's stock.

StoneCo Stock Down 1.8 %

STNE traded down $0.20 during trading on Thursday, reaching $10.88. The stock had a trading volume of 3,694,029 shares, compared to its average volume of 5,621,984. StoneCo Ltd. has a one year low of $7.72 and a one year high of $17.23. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 8.47, a P/E/G ratio of 0.41 and a beta of 2.05. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.47. The stock's 50 day moving average is $10.04 and its two-hundred day moving average is $9.86.

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StoneCo (NASDAQ:STNE - Get Free Report) last announced its quarterly earnings data on Tuesday, March 18th. The company reported $0.39 earnings per share for the quarter, topping 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 analysts' expectations of $3.59 billion. As a group, analysts expect that StoneCo Ltd. will post 1.16 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on STNE shares. Barclays increased their price target on shares of StoneCo from $10.00 to $12.00 and gave the stock an "equal weight" rating in a report on Friday, March 21st. 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 research report on Thursday, February 6th. Wells Fargo & Company raised shares of StoneCo from an "equal weight" rating to an "overweight" rating in a report on Wednesday, March 19th. Morgan Stanley boosted their target price on StoneCo from $5.70 to $6.00 and gave the stock an "underweight" rating in a research report on Friday, March 21st. Finally, JPMorgan Chase & Co. lowered their price target on StoneCo from $21.00 to $15.00 and set an "overweight" rating on the stock in a report on Monday, December 16th. One investment 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 company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $14.50.

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.