JGP Global Gestao de Recursos Ltda. Sells 319,561 Shares of StoneCo Ltd. (NASDAQ:STNE)

JGP Global Gestao de Recursos Ltda. reduced its position in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 29.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 764,797 shares of the company's stock after selling 319,561 shares during the period. StoneCo accounts for about 13.9% of JGP Global Gestao de Recursos Ltda.'s portfolio, making the stock its 2nd largest position. JGP Global Gestao de Recursos Ltda. owned approximately 0.25% of StoneCo worth $6,095,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of STNE. Robeco Institutional Asset Management B.V. grew its stake in StoneCo by 5.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 987,298 shares of the company's stock worth $7,869,000 after buying an additional 47,841 shares during the last quarter. Verde Servicos Internacionais S.A. grew its stake in shares of StoneCo by 68.0% during the fourth quarter. Verde Servicos Internacionais S.A. now owns 67,000 shares of the company's stock worth $534,000 after acquiring an additional 27,128 shares during the last quarter. KBC Group NV acquired a new position in shares of StoneCo during the fourth quarter valued at about $73,000. Commons Capital LLC purchased a new position in shares of StoneCo in the 4th quarter valued at approximately $383,000. Finally, JPMorgan Chase & Co. raised its position in shares of StoneCo by 327.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,580,679 shares of the company's stock valued at $17,798,000 after purchasing an additional 1,210,817 shares during the last quarter. Hedge funds and other institutional investors own 73.19% of the company's stock.

StoneCo Stock Performance

StoneCo stock traded down $0.12 during midday trading on Thursday, hitting $9.22. 2,250,913 shares of the company were exchanged, compared to its average volume of 5,096,000. StoneCo Ltd. has a fifty-two week low of $7.72 and a fifty-two week high of $19.46. The firm has a market capitalization of $2.85 billion, a PE ratio of 7.20, a price-to-earnings-growth ratio of 0.37 and a beta of 2.25. The business has a fifty day simple moving average of $8.63 and a two-hundred day simple moving average of $10.75. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.42 and a current ratio of 1.42.

Analyst Ratings Changes

A number of brokerages have issued reports on STNE. JPMorgan Chase & Co. cut their price target on shares of StoneCo from $21.00 to $15.00 and set an "overweight" rating on the stock in a research note on Monday, December 16th. Barclays reduced their target price on StoneCo from $12.00 to $10.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 29th. Citigroup reiterated a "neutral" rating and set a $9.00 price target (down previously from $19.00) on shares of StoneCo in a research note on Thursday, January 16th. Susquehanna cut their price objective on StoneCo from $22.00 to $19.00 and set a "positive" rating on the stock in a report on Wednesday, November 13th. Finally, The Goldman Sachs Group decreased their target price on StoneCo from $16.00 to $14.00 and set a "buy" rating for the company in a report on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $14.38.

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.