StoneCo Ltd. (NASDAQ:STNE) Shares Sold by Raymond James & Associates

Raymond James & Associates decreased its holdings in StoneCo Ltd. (NASDAQ:STNE) by 25.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,471 shares of the company’s stock after selling 8,642 shares during the quarter. Raymond James & Associates’ holdings in StoneCo were worth $459,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nucleo Capital LTDA. increased its position in shares of StoneCo by 10.0% in the 3rd quarter. Nucleo Capital LTDA. now owns 6,138,276 shares of the company’s stock worth $65,495,000 after purchasing an additional 557,186 shares during the last quarter. Teacher Retirement System of Texas raised its stake in StoneCo by 28.3% during the third quarter. Teacher Retirement System of Texas now owns 3,930,893 shares of the company’s stock valued at $41,943,000 after buying an additional 866,803 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in StoneCo by 72.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,969,463 shares of the company’s stock worth $31,684,000 after buying an additional 1,249,463 shares during the last quarter. Vanguard Group Inc. grew its position in shares of StoneCo by 17.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,672,681 shares of the company’s stock worth $28,518,000 after acquiring an additional 397,101 shares in the last quarter. Finally, Federated Hermes Inc. increased its holdings in shares of StoneCo by 10.4% in the 3rd quarter. Federated Hermes Inc. now owns 2,641,044 shares of the company’s stock valued at $28,180,000 after acquiring an additional 249,020 shares during the last quarter. Hedge funds and other institutional investors own 73.19% of the company’s stock.

Wall Street Analysts Forecast Growth

STNE has been the subject of a number of research reports. UBS Group downgraded shares of StoneCo from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $18.00 to $21.00 in a report on Thursday, February 1st. The Goldman Sachs Group upgraded shares of StoneCo from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $12.00 to $21.00 in a research note on Monday, January 22nd. Citigroup lifted their target price on StoneCo from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Barclays upped their target price on StoneCo from $14.00 to $17.00 and gave the company an “equal weight” rating in a report on Tuesday, January 16th. Finally, Susquehanna cut their price target on StoneCo from $23.00 to $22.00 and set a “positive” rating on the stock in a report on Friday, April 19th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $19.00.

StoneCo Price Performance

Shares of STNE opened at $16.35 on Friday. StoneCo Ltd. has a one year low of $9.34 and a one year high of $19.46. The stock’s fifty day moving average is $16.51 and its 200-day moving average is $15.48. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 0.58 and a beta of 2.34.

StoneCo (NASDAQ:STNE) last released its earnings results on Monday, March 18th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.32 by $0.04. The firm had revenue of $655.87 million for the quarter, compared to analysts’ expectations of $468.47 million. StoneCo had a net margin of 13.35% and a return on equity of 11.23%. Equities analysts anticipate that StoneCo Ltd. will post 1.27 EPS for the current year.

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.