70,009 Shares in StoneCo Ltd. (NASDAQ:STNE) Bought by Semanteon Capital Management LP

Semanteon Capital Management LP purchased a new position in shares of StoneCo Ltd. (NASDAQ:STNE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 70,009 shares of the company’s stock, valued at approximately $1,262,000. StoneCo accounts for approximately 0.9% of Semanteon Capital Management LP’s portfolio, making the stock its 13th biggest holding.

Other hedge funds have also recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. bought a new stake in shares of StoneCo in the fourth quarter valued at $26,000. Tucker Asset Management LLC purchased a new position in shares of StoneCo in the third quarter valued at $60,000. Signaturefd LLC grew its position in shares of StoneCo by 45.5% in the fourth quarter. Signaturefd LLC now owns 7,149 shares of the company’s stock valued at $129,000 after purchasing an additional 2,235 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of StoneCo in the third quarter valued at $101,000. Finally, PNC Financial Services Group Inc. grew its position in shares of StoneCo by 42.4% in the third quarter. PNC Financial Services Group Inc. now owns 9,869 shares of the company’s stock valued at $105,000 after purchasing an additional 2,940 shares in the last quarter. 73.19% of the stock is currently owned by institutional investors.

StoneCo Price Performance

Shares of STNE traded down $0.26 during midday trading on Thursday, reaching $15.57. The stock had a trading volume of 4,720,906 shares, compared to its average volume of 5,200,046. The company’s 50-day moving average is $16.54 and its 200 day moving average is $15.48. StoneCo Ltd. has a 12-month low of $9.34 and a 12-month high of $19.46. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of 15.42, a price-to-earnings-growth ratio of 0.58 and a beta of 2.34.

StoneCo (NASDAQ:STNE) last posted its quarterly earnings data 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. StoneCo had a return on equity of 11.23% and a net margin of 13.35%. The firm had revenue of $655.87 million during the quarter, compared to analysts’ expectations of $468.47 million. On average, equities analysts predict that StoneCo Ltd. will post 1.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Citigroup lifted their price target on StoneCo from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. The Goldman Sachs Group upgraded StoneCo from a “neutral” rating to a “buy” rating and lifted their price target for the company from $12.00 to $21.00 in a research report on Monday, January 22nd. Susquehanna reduced their target price on StoneCo from $23.00 to $22.00 and set a “positive” rating for the company in a research report on Friday, April 19th. UBS Group cut StoneCo from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $18.00 to $21.00 in a research report on Thursday, February 1st. Finally, Barclays boosted their target price 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 analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.