Los Angeles Capital Management LLC Has $3.62 Million Stock Holdings in StoneCo Ltd. (NASDAQ:STNE)

Los Angeles Capital Management LLC lowered its stake in StoneCo Ltd. (NASDAQ:STNE) by 1.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 218,005 shares of the company’s stock after selling 3,839 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.07% of StoneCo worth $3,621,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quadrature Capital Ltd acquired a new position in shares of StoneCo during the 4th quarter worth approximately $2,008,000. Virtu Financial LLC acquired a new position in StoneCo during the fourth quarter worth $572,000. Prelude Capital Management LLC raised its position in StoneCo by 15.9% during the fourth quarter. Prelude Capital Management LLC now owns 182,242 shares of the company’s stock worth $3,286,000 after acquiring an additional 25,007 shares in the last quarter. Squadra Investments Gestao DE Recursos LTDA. acquired a new stake in StoneCo in the fourth quarter valued at $11,232,000. Finally, Azora Capital LP bought a new position in shares of StoneCo in the 4th quarter valued at about $18,458,000. Institutional investors own 73.19% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Citigroup raised their target price on shares of StoneCo from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. JPMorgan Chase & Co. raised StoneCo from a “neutral” rating to an “overweight” rating and set a $20.00 price objective for the company in a research report on Thursday, June 6th. Barclays dropped their price target on StoneCo from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Monday, May 20th. Finally, Susquehanna cut their price target on StoneCo from $23.00 to $22.00 and set a “positive” rating for the company in a report on Friday, April 19th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.11.

StoneCo Stock Up 2.0 %

STNE opened at $11.95 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a fifty day moving average of $14.66 and a 200-day moving average of $16.25. StoneCo Ltd. has a fifty-two week low of $9.34 and a fifty-two week high of $19.46. The company has a market capitalization of $3.76 billion, a P/E ratio of 10.77, a P/E/G ratio of 0.31 and a beta of 2.36.

StoneCo (NASDAQ:STNE) last posted its quarterly earnings data on Monday, May 13th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. StoneCo had a net margin of 14.08% and a return on equity of 12.35%. The firm had revenue of $623.12 million during the quarter, compared to the consensus estimate of $633.35 million. On average, equities analysts expect that StoneCo Ltd. will post 1.43 EPS for the current year.

About StoneCo

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.