39,980 Shares in StoneCo Ltd. (NASDAQ:STNE) Bought by Qsemble Capital Management LP

Qsemble Capital Management LP bought a new position in StoneCo Ltd. (NASDAQ:STNE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 39,980 shares of the company’s stock, valued at approximately $479,000.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of StoneCo during the 4th quarter worth about $58,777,000. Lord Abbett & CO. LLC acquired a new position in StoneCo during the first quarter valued at approximately $33,139,000. American Century Companies Inc. acquired a new position in StoneCo during the second quarter valued at approximately $23,483,000. Constellation Investimentos e Participacoes Ltda bought a new position in StoneCo in the first quarter valued at approximately $24,712,000. Finally, Azora Capital LP acquired a new position in shares of StoneCo during the 4th quarter worth approximately $18,458,000. Institutional investors own 73.19% of the company’s stock.

StoneCo Stock Up 2.9 %

Shares of NASDAQ STNE opened at $12.24 on Friday. The company has a 50 day simple moving average of $13.08 and a 200 day simple moving average of $14.39. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.36 and a quick ratio of 1.36. StoneCo Ltd. has a 1 year low of $9.34 and a 1 year high of $19.46. The firm has a market cap of $3.85 billion, a PE ratio of 11.03, a price-to-earnings-growth ratio of 0.43 and a beta of 2.31.

StoneCo (NASDAQ:STNE) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.04). The company had revenue of $615.13 million during the quarter, compared to analyst estimates of $590.74 million. StoneCo had a return on equity of 13.21% and a net margin of 15.27%. On average, research analysts forecast that StoneCo Ltd. will post 1.1 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on STNE shares. Evercore ISI decreased their target price on StoneCo from $25.00 to $23.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. JPMorgan Chase & Co. upgraded shares of StoneCo from a “neutral” rating to an “overweight” rating and set a $20.00 price objective on the stock in a report on Thursday, June 6th. The Goldman Sachs Group cut their target price on shares of StoneCo from $21.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, June 26th. Morgan Stanley reiterated an “underweight” rating and issued a $7.00 price target (down previously from $16.50) on shares of StoneCo in a research note on Thursday, September 5th. Finally, UBS Group raised their price objective on shares of StoneCo from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, StoneCo presently has an average rating of “Moderate Buy” and an average target price of $17.80.

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.