Semanteon Capital Management LP Invests $1.26 Million in StoneCo Ltd. (NASDAQ:STNE)

Semanteon Capital Management LP purchased a new position in shares of StoneCo Ltd. (NASDAQ:STNE) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 70,009 shares of the company’s stock, valued at approximately $1,262,000. StoneCo makes up about 0.9% of Semanteon Capital Management LP’s investment portfolio, making the stock its 13th largest position.

Other large investors have also made changes to their positions in the company. Nucleo Capital LTDA. increased its position in shares of StoneCo by 10.0% in the 3rd quarter. Nucleo Capital LTDA. now owns 6,138,276 shares of the company’s stock valued at $65,495,000 after acquiring an additional 557,186 shares during the period. Teacher Retirement System of Texas increased its position in shares of StoneCo by 28.3% in the 3rd quarter. Teacher Retirement System of Texas now owns 3,930,893 shares of the company’s stock valued at $41,943,000 after acquiring an additional 866,803 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of StoneCo by 72.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,969,463 shares of the company’s stock valued at $31,684,000 after acquiring an additional 1,249,463 shares during the period. Federated Hermes Inc. increased its position in shares of StoneCo by 4.8% in the 4th quarter. Federated Hermes Inc. now owns 2,766,712 shares of the company’s stock valued at $49,884,000 after acquiring an additional 125,668 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of StoneCo by 17.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,672,681 shares of the company’s stock valued at $28,518,000 after acquiring an additional 397,101 shares during the period. 73.19% of the stock is owned by institutional investors and hedge funds.

StoneCo Trading Down 1.6 %

Shares of NASDAQ STNE traded down $0.26 during midday trading on Thursday, reaching $15.57. 4,720,906 shares of the stock were exchanged, compared to its average volume of 5,200,046. The company has a 50 day simple moving average of $16.54 and a 200 day simple moving average of $15.48. The stock has a market capitalization of $4.89 billion, a P/E ratio of 15.42, a PEG ratio of 0.58 and a beta of 2.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.27 and a current ratio of 1.27. StoneCo Ltd. has a twelve month low of $9.34 and a twelve month high of $19.46.

StoneCo (NASDAQ:STNE) last announced its quarterly earnings results on Monday, March 18th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. The business had revenue of $655.87 million during the quarter, compared to the consensus estimate of $468.47 million. StoneCo had a net margin of 13.35% and a return on equity of 11.23%. As a group, equities analysts expect that StoneCo Ltd. will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on STNE. Citigroup increased their price target on StoneCo from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. The Goldman Sachs Group raised shares of StoneCo from a “neutral” rating to a “buy” rating and increased their target price for the stock from $12.00 to $21.00 in a research note on Monday, January 22nd. Susquehanna lowered their target price on shares of StoneCo from $23.00 to $22.00 and set a “positive” rating on the stock in a research note on Friday, April 19th. UBS Group lowered shares of StoneCo from a “buy” rating to a “neutral” rating and increased their target price for the stock from $18.00 to $21.00 in a research note on Thursday, February 1st. Finally, Barclays increased their target price on shares of StoneCo from $14.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 16th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, StoneCo currently has an average rating of “Moderate Buy” and a consensus price target of $19.00.

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.