Squadra Investments Gestao DE Recursos LTDA. Buys Shares of 622,954 StoneCo Ltd. (NASDAQ:STNE)

Squadra Investments Gestao DE Recursos LTDA. bought a new stake in StoneCo Ltd. (NASDAQ:STNE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 622,954 shares of the company’s stock, valued at approximately $11,232,000. StoneCo accounts for 2.3% of Squadra Investments Gestao DE Recursos LTDA.’s investment portfolio, making the stock its 3rd biggest position. Squadra Investments Gestao DE Recursos LTDA. owned 0.20% of StoneCo as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 1832 Asset Management L.P. acquired a new stake in shares of StoneCo in the fourth quarter valued at $25,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of StoneCo in the fourth quarter valued at $26,000. USA Financial Formulas acquired a new stake in shares of StoneCo in the fourth quarter valued at $26,000. Quarry LP acquired a new stake in shares of StoneCo in the second quarter valued at $38,000. Finally, Headlands Technologies LLC acquired a new stake in shares of StoneCo in the fourth quarter valued at $56,000. Hedge funds and other institutional investors own 73.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on STNE. Bank of America lifted their price objective on StoneCo from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, December 11th. Citigroup boosted their target price on StoneCo from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. UBS Group cut StoneCo from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $18.00 to $21.00 in a research report on Thursday, February 1st. The Goldman Sachs Group raised StoneCo from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $12.00 to $21.00 in a research report on Monday, January 22nd. Finally, Barclays upped their price objective on StoneCo from $14.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 16th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.64.

StoneCo Price Performance

Shares of STNE traded down $0.02 on Friday, reaching $16.83. The stock had a trading volume of 4,462,497 shares, compared to its average volume of 5,731,988. The firm has a market capitalization of $5.29 billion, a PE ratio of 16.66 and a beta of 2.34. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average of $17.01 and a 200 day moving average of $14.95. StoneCo Ltd. has a twelve month low of $8.73 and a twelve month high of $19.46.

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.