Nucleo Capital LTDA. Has $19.58 Million Stock Position in StoneCo Ltd. (NASDAQ:STNE)

Nucleo Capital LTDA. decreased its stake in StoneCo Ltd. (NASDAQ:STNE) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,457,062 shares of the company’s stock after selling 54,369 shares during the period. StoneCo comprises about 31.8% of Nucleo Capital LTDA.’s holdings, making the stock its 2nd largest holding. Nucleo Capital LTDA.’s holdings in StoneCo were worth $19,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp raised its position in shares of StoneCo by 254.7% during the fourth quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company’s stock worth $34,000 after acquiring an additional 3,056 shares during the last quarter. Newbridge Financial Services Group Inc. increased its position in shares of StoneCo by 166.7% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company’s stock worth $51,000 after acquiring an additional 4,000 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of StoneCo in the fourth quarter valued at approximately $56,000. Skandinaviska Enskilda Banken AB publ boosted its holdings in StoneCo by 31.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 7,500 shares of the company’s stock worth $59,000 after purchasing an additional 1,800 shares during the last quarter. Finally, KBC Group NV purchased a new stake in shares of StoneCo during the fourth quarter valued at approximately $73,000. 73.19% of the stock is currently owned by institutional investors.

StoneCo Price Performance

Shares of StoneCo stock opened at $10.99 on Monday. The firm has a market cap of $3.40 billion, a PE ratio of 8.59, a price-to-earnings-growth ratio of 0.41 and a beta of 2.33. The company’s fifty day simple moving average is $9.65 and its two-hundred day simple moving average is $9.92. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47. StoneCo Ltd. has a 12-month low of $7.72 and a 12-month high of $17.93.

StoneCo (NASDAQ:STNE) last announced its quarterly earnings results on Tuesday, March 18th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. The company had revenue of $582.20 million during the quarter, compared to analyst estimates of $3.59 billion. As a group, equities analysts expect that StoneCo Ltd. will post 1.16 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Citigroup reaffirmed a “neutral” rating and set a $9.00 price target (down previously from $19.00) on shares of StoneCo in a research report on Thursday, January 16th. Barclays raised their price objective on shares of StoneCo from $10.00 to $12.00 and gave the company an “equal weight” rating in a research report on Friday, March 21st. Wells Fargo & Company raised StoneCo from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, March 19th. JPMorgan Chase & Co. decreased their target price on StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Finally, Morgan Stanley lifted their price target on StoneCo from $5.70 to $6.00 and gave the company an “underweight” rating in a research report on Friday, March 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $14.50.

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.