Centiva Capital LP Has $994,000 Stock Holdings in StoneCo Ltd. (NASDAQ:STNE)

Centiva Capital LP reduced its stake in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 43.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 88,244 shares of the company's stock after selling 67,014 shares during the period. Centiva Capital LP's holdings in StoneCo were worth $994,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of STNE. Central Bank & Trust Co. bought a new stake in StoneCo in the 2nd quarter valued at $40,000. Y.D. More Investments Ltd lifted its holdings in shares of StoneCo by 90.2% during the second quarter. Y.D. More Investments Ltd now owns 4,798 shares of the company's stock worth $58,000 after buying an additional 2,275 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of StoneCo in the third quarter valued at about $125,000. Point72 Hong Kong Ltd bought a new stake in shares of StoneCo in the second quarter valued at about $135,000. Finally, nVerses Capital LLC acquired a new position in shares of StoneCo in the second quarter valued at about $137,000. 73.19% of the stock is owned by institutional investors.

StoneCo Price Performance

Shares of STNE traded down $0.23 during midday trading on Friday, hitting $9.16. The company's stock had a trading volume of 7,008,277 shares, compared to its average volume of 5,258,782. 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 one year low of $9.06 and a one year high of $19.46. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 7.34, a price-to-earnings-growth ratio of 0.33 and a beta of 2.21. The company's fifty day simple moving average is $10.75 and its two-hundred day simple moving average is $12.14.

Analyst Upgrades and Downgrades

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

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.