StoneCo Ltd. (NASDAQ:STNE) Shares Sold by Centiva Capital LP

Centiva Capital LP lessened its position in shares of StoneCo Ltd. (NASDAQ:STNE) by 23.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 67,121 shares of the company’s stock after selling 21,123 shares during the quarter. Centiva Capital LP’s holdings in StoneCo were worth $535,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Atmos Capital Gestao DE Recursos LTDA. increased its stake in shares of StoneCo by 23.0% in the 4th quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 11,623,836 shares of the company’s stock valued at $92,642,000 after purchasing an additional 2,173,389 shares in the last quarter. Geode Capital Management LLC increased its position in shares of StoneCo by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 5,419,797 shares of the company’s stock valued at $43,120,000 after buying an additional 229,453 shares in the last quarter. Northern Trust Corp raised its stake in shares of StoneCo by 44.9% during the 4th quarter. Northern Trust Corp now owns 3,073,658 shares of the company’s stock worth $24,497,000 after buying an additional 952,039 shares during the period. Norges Bank purchased a new position in shares of StoneCo during the 4th quarter valued at approximately $22,642,000. Finally, Azora Capital LP grew its stake in StoneCo by 305.0% in the 4th quarter. Azora Capital LP now owns 2,228,318 shares of the company’s stock valued at $17,760,000 after acquiring an additional 1,678,131 shares during the period. Hedge funds and other institutional investors own 73.19% of the company’s stock.

Analysts Set New Price Targets

STNE has been the subject of a number of research analyst reports. Barclays upped their price objective on shares of StoneCo from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 23rd. The Goldman Sachs Group decreased their price target on shares of StoneCo from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Morgan Stanley boosted their price objective on StoneCo from $5.70 to $6.00 and gave the stock an “underweight” rating in a research note on Friday, March 21st. Citigroup raised StoneCo from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $9.00 to $15.00 in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company raised StoneCo from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, StoneCo presently has an average rating of “Moderate Buy” and an average price target of $15.38.

StoneCo Stock Down 1.1 %

Shares of NASDAQ:STNE opened at $13.66 on Friday. StoneCo Ltd. has a 52-week low of $7.72 and a 52-week high of $16.99. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47. The business has a fifty day moving average of $11.56 and a two-hundred day moving average of $10.15. The stock has a market cap of $3.91 billion, a P/E ratio of 10.67, a PEG ratio of 0.41 and a beta of 2.01.

StoneCo (NASDAQ:STNE) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.05. The firm had revenue of $625.86 million during the quarter, compared to analysts’ expectations of $3.68 billion. StoneCo had a net margin of 16.02% and a return on equity of 13.92%. On average, research analysts expect that StoneCo Ltd. will post 1.16 earnings per share for the current year.

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.