Quantbot Technologies LP Takes Position in StoneCo Ltd. (NASDAQ:STNE)

Quantbot Technologies LP purchased a new position in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 316,316 shares of the company's stock, valued at approximately $2,521,000. Quantbot Technologies LP owned approximately 0.10% of StoneCo at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Atria Investments Inc increased its position in shares of StoneCo by 19.0% during the third quarter. Atria Investments Inc now owns 20,258 shares of the company's stock worth $228,000 after purchasing an additional 3,241 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in StoneCo by 9.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 19,877 shares of the company's stock worth $224,000 after buying an additional 1,773 shares during the last quarter. Swiss National Bank acquired a new position in StoneCo during the third quarter worth approximately $6,419,000. Intech Investment Management LLC acquired a new position in StoneCo during the third quarter worth approximately $1,154,000. Finally, Citigroup Inc. lifted its stake in StoneCo by 584.9% in the third quarter. Citigroup Inc. now owns 1,339,972 shares of the company's stock valued at $15,088,000 after buying an additional 1,144,341 shares during the last quarter. 73.19% of the stock is owned by hedge funds and other institutional investors.

StoneCo Stock Performance

NASDAQ:STNE traded up $0.23 during mid-day trading on Tuesday, reaching $11.55. The stock had a trading volume of 4,399,892 shares, compared to its average volume of 5,450,915. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.42 and a current ratio of 1.42. The business has a 50 day simple moving average of $9.42 and a 200 day simple moving average of $9.92. StoneCo Ltd. has a twelve month low of $7.72 and a twelve month high of $17.93. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 0.41 and a beta of 2.33.

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StoneCo (NASDAQ:STNE - Get Free Report) last posted its quarterly earnings results on Tuesday, March 18th. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.07. The firm had revenue of $582.20 million for the quarter, compared to the consensus estimate of $3.59 billion. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. On average, analysts expect that StoneCo Ltd. will post 1.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on STNE shares. Citigroup reaffirmed a "neutral" rating and issued a $9.00 target price (down from $19.00) on shares of StoneCo in a report on Thursday, January 16th. JPMorgan Chase & Co. dropped their price objective on shares of StoneCo from $21.00 to $15.00 and set an "overweight" rating on the stock in a research note on Monday, December 16th. The Goldman Sachs Group decreased their target price on shares of StoneCo from $16.00 to $14.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Wells Fargo & Company upgraded StoneCo from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, March 19th. Finally, Morgan Stanley increased their price objective on StoneCo from $5.70 to $6.00 and gave the stock an "underweight" rating in a research report on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus 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.