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

Fourth Sail Capital LP lowered its holdings in StoneCo Ltd. (NASDAQ:STNE) by 54.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 816,333 shares of the company’s stock after selling 962,067 shares during the quarter. StoneCo makes up about 2.3% of Fourth Sail Capital LP’s portfolio, making the stock its 18th biggest holding. Fourth Sail Capital LP’s holdings in StoneCo were worth $9,192,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in STNE. ProShare Advisors LLC raised its position in shares of StoneCo by 8.6% during the first quarter. ProShare Advisors LLC now owns 52,330 shares of the company’s stock worth $869,000 after purchasing an additional 4,146 shares during the period. Vanguard Group Inc. increased its position in shares of StoneCo by 3.5% in the first quarter. Vanguard Group Inc. now owns 2,636,619 shares of the company’s stock worth $43,794,000 after acquiring an additional 88,256 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of StoneCo during the first quarter valued at approximately $2,580,000. Axxcess Wealth Management LLC acquired a new position in StoneCo in the 1st quarter worth approximately $187,000. Finally, Lazard Asset Management LLC purchased a new position in StoneCo during the 1st quarter worth approximately $41,000. 73.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

STNE has been the topic of a number of research analyst reports. Cantor Fitzgerald upgraded StoneCo to a “strong-buy” rating in a report on Thursday, October 3rd. Morgan Stanley reiterated an “underweight” rating and issued a $7.00 price objective (down previously from $16.50) on shares of StoneCo in a research note on Thursday, September 5th. UBS Group upped their price target on shares of StoneCo from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Barclays reduced their price objective on StoneCo from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Finally, Susquehanna reduced their target price on shares of StoneCo from $22.00 to $19.00 and set a “positive” rating for the company in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.00.

StoneCo Trading Down 1.1 %

Shares of STNE stock opened at $9.76 on Monday. The firm’s fifty day simple moving average is $11.27 and its 200 day simple moving average is $12.70. The firm has a market capitalization of $3.02 billion, a P/E ratio of 7.63, a price-to-earnings-growth ratio of 0.34 and a beta of 2.29. The company has a current ratio of 1.42, a quick ratio of 1.36 and a debt-to-equity ratio of 0.47. StoneCo Ltd. has a 1 year low of $9.61 and a 1 year high of $19.46.

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.