44,017 Shares in StoneCo Ltd. $STNE Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC purchased a new position in shares of StoneCo Ltd. (NASDAQ:STNE) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 44,017 shares of the company’s stock, valued at approximately $706,000.

Other hedge funds also recently made changes to their positions in the company. Teacher Retirement System of Texas acquired a new stake in shares of StoneCo during the 1st quarter worth $265,000. Xponance Inc. boosted its holdings in StoneCo by 4.7% in the first quarter. Xponance Inc. now owns 21,762 shares of the company’s stock valued at $228,000 after acquiring an additional 981 shares during the last quarter. CWM LLC grew its position in StoneCo by 327.4% during the first quarter. CWM LLC now owns 3,154 shares of the company’s stock valued at $33,000 after acquiring an additional 2,416 shares during the period. Edgestream Partners L.P. increased its stake in StoneCo by 469.1% during the first quarter. Edgestream Partners L.P. now owns 330,185 shares of the company’s stock worth $3,460,000 after acquiring an additional 272,167 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in shares of StoneCo by 13.6% in the 1st quarter. Signaturefd LLC now owns 7,708 shares of the company’s stock worth $81,000 after purchasing an additional 924 shares during the period. Institutional investors and hedge funds own 73.19% of the company’s stock.

StoneCo Stock Performance

StoneCo stock opened at $16.87 on Friday. StoneCo Ltd. has a 12-month low of $7.72 and a 12-month high of $19.95. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.43 and a quick ratio of 1.48. The company has a market capitalization of $4.82 billion, a price-to-earnings ratio of -31.24, a price-to-earnings-growth ratio of 0.34 and a beta of 2.01. The firm’s fifty day moving average price is $18.31 and its 200 day moving average price is $15.80.

StoneCo (NASDAQ:STNE) last announced its earnings results on Thursday, November 6th. The company reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. StoneCo had a positive return on equity of 20.18% and a negative net margin of 7.28%.The company had revenue of $669.49 million during the quarter, compared to the consensus estimate of $669.81 million. On average, research analysts forecast that StoneCo Ltd. will post 1.16 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on STNE. Zacks Research upgraded StoneCo to a “strong-buy” rating in a report on Tuesday, August 12th. Wall Street Zen downgraded shares of StoneCo from a “buy” rating to a “hold” rating in a research note on Monday, October 27th. Bank of America raised their target price on shares of StoneCo from $15.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, September 9th. UBS Group lifted their target price on shares of StoneCo from $15.00 to $20.00 and gave the company a “buy” rating in a report on Friday, August 29th. Finally, The Goldman Sachs Group increased their price target on StoneCo from $19.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.21.

StoneCo Company 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.