Landscape Capital Management L.L.C. Has $113,000 Position in StoneCo Ltd. (NASDAQ:STNE)

Landscape Capital Management L.L.C. cut its holdings in StoneCo Ltd. (NASDAQ:STNE) by 70.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,073 shares of the company’s stock after selling 23,792 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in StoneCo were worth $113,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of STNE. Financial Perspectives Inc lifted its stake in StoneCo by 8.4% in the second quarter. Financial Perspectives Inc now owns 14,019 shares of the company’s stock valued at $168,000 after buying an additional 1,083 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of StoneCo by 9.8% during the third quarter. Thrivent Financial for Lutherans now owns 19,877 shares of the company’s stock worth $224,000 after acquiring an additional 1,773 shares during the period. The Manufacturers Life Insurance Company lifted its position in StoneCo by 1.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 123,275 shares of the company’s stock valued at $1,478,000 after acquiring an additional 1,848 shares in the last quarter. Y.D. More Investments Ltd boosted its stake in StoneCo by 90.2% in the 2nd quarter. Y.D. More Investments Ltd now owns 4,798 shares of the company’s stock worth $58,000 after purchasing an additional 2,275 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in shares of StoneCo in the 1st quarter valued at about $41,000. 73.19% of the stock is owned by institutional investors.

StoneCo Stock Up 6.2 %

StoneCo stock opened at $10.90 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42. The company’s 50-day moving average is $11.02 and its 200-day moving average is $12.41. The firm has a market capitalization of $3.37 billion, a PE ratio of 8.52, a P/E/G ratio of 0.36 and a beta of 2.29. StoneCo Ltd. has a fifty-two week low of $9.06 and a fifty-two week high of $19.46.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on STNE shares. UBS Group lifted their target price on StoneCo from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Barclays cut their price objective on shares of StoneCo from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Monday, November 18th. Morgan Stanley reaffirmed an “underweight” rating and issued a $7.00 target price (down previously from $16.50) on shares of StoneCo in a research report on Thursday, September 5th. Cantor Fitzgerald raised shares of StoneCo to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, Susquehanna decreased their price objective on StoneCo from $22.00 to $19.00 and set a “positive” rating for the company in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, StoneCo has an average rating of “Moderate Buy” and a consensus price target of $16.89.

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.