Polunin Capital Partners Ltd trimmed its stake in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 1.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,570,566 shares of the company's stock after selling 62,881 shares during the period. StoneCo accounts for approximately 9.2% of Polunin Capital Partners Ltd's holdings, making the stock its 4th largest position. Polunin Capital Partners Ltd owned about 1.16% of StoneCo worth $39,336,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of STNE. Diversified Trust Co increased its stake in shares of StoneCo by 7.3% in the 1st quarter. Diversified Trust Co now owns 38,155 shares of the company's stock worth $634,000 after purchasing an additional 2,608 shares in the last quarter. Accel Wealth Management increased its stake in StoneCo by 16.9% in the 1st quarter. Accel Wealth Management now owns 33,535 shares of the company's stock worth $557,000 after buying an additional 4,850 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in StoneCo by 31.6% in the 1st quarter. Commonwealth Equity Services LLC now owns 49,501 shares of the company's stock worth $822,000 after buying an additional 11,873 shares in the last quarter. Private Advisor Group LLC increased its stake in StoneCo by 20.4% in the 1st quarter. Private Advisor Group LLC now owns 39,566 shares of the company's stock worth $657,000 after buying an additional 6,692 shares in the last quarter. Finally, BW Gestao de Investimentos Ltda. increased its stake in StoneCo by 262.2% in the 1st quarter. BW Gestao de Investimentos Ltda. now owns 1,230,000 shares of the company's stock worth $20,430,000 after buying an additional 890,442 shares in the last quarter. 73.19% of the stock is currently owned by hedge funds and other institutional investors.
StoneCo Price Performance
Shares of STNE traded up $0.16 during midday trading on Friday, hitting $11.46. 3,857,106 shares of the company traded hands, compared to its average volume of 5,150,918. The firm has a 50 day moving average of $11.95 and a 200-day moving average of $13.22. StoneCo Ltd. has a 52 week low of $9.55 and a 52 week high of $19.46. The stock has a market cap of $3.60 billion, a price-to-earnings ratio of 10.32, a PEG ratio of 0.39 and a beta of 2.30. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.36 and a current ratio of 1.36.
StoneCo (NASDAQ:STNE - Get Free Report) last announced its quarterly earnings results on Wednesday, August 14th. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.04). StoneCo had a net margin of 15.27% and a return on equity of 13.21%. The business had revenue of $615.13 million during the quarter, compared to the consensus estimate of $590.74 million. On average, analysts forecast that StoneCo Ltd. will post 1.21 EPS for the current fiscal year.
Analysts Set New Price Targets
STNE has been the subject of a number of analyst reports. Morgan Stanley reiterated an "underweight" rating and issued a $7.00 price target (down previously from $16.50) on shares of StoneCo in a research note on Thursday, September 5th. UBS Group increased their price target on StoneCo from $17.00 to $18.00 and gave the stock a "buy" rating in a research note on Thursday, August 29th. Barclays cut their price target on StoneCo from $14.00 to $13.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 15th. Finally, Cantor Fitzgerald upgraded StoneCo to a "strong-buy" rating in a research note on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.70.
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About StoneCo
(
Free Report)
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.
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