Intellectus Partners LLC Trims Holdings in StoneCo Ltd. (NASDAQ:STNE)

Intellectus Partners LLC decreased its holdings in StoneCo Ltd. (NASDAQ:STNE) by 53.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,175 shares of the company’s stock after selling 19,800 shares during the period. Intellectus Partners LLC’s holdings in StoneCo were worth $137,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in StoneCo by 327.4% in the third quarter. JPMorgan Chase & Co. now owns 1,580,679 shares of the company’s stock worth $17,798,000 after purchasing an additional 1,210,817 shares during the period. State Street Corp grew its position in shares of StoneCo by 51.0% during the 3rd quarter. State Street Corp now owns 7,972,037 shares of the company’s stock worth $89,765,000 after buying an additional 2,692,558 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of StoneCo during the 3rd quarter worth $9,091,000. Barclays PLC grew its position in shares of StoneCo by 170.8% during the 3rd quarter. Barclays PLC now owns 440,682 shares of the company’s stock worth $4,962,000 after buying an additional 277,963 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of StoneCo during the 3rd quarter worth $716,000. Hedge funds and other institutional investors own 73.19% of the company’s stock.

StoneCo Price Performance

Shares of NASDAQ STNE opened at $9.71 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market cap of $3.00 billion, a PE ratio of 7.59, a P/E/G ratio of 0.41 and a beta of 2.33. The business has a 50-day simple moving average of $8.96 and a two-hundred day simple moving average of $10.19. StoneCo Ltd. has a fifty-two week low of $7.72 and a fifty-two week high of $17.93.

Analyst Ratings Changes

STNE has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price target on StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. The Goldman Sachs Group dropped their price target on StoneCo from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Citigroup reissued 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. Susquehanna dropped their price objective on StoneCo from $22.00 to $19.00 and set a “positive” rating on the stock in a research report on Wednesday, November 13th. Finally, Barclays dropped their price objective on StoneCo from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, StoneCo has an average rating of “Moderate Buy” and a consensus price target of $14.38.

About StoneCo

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.