Polunin Capital Partners Ltd Cuts Holdings in StoneCo Ltd. (NASDAQ:STNE)

Polunin Capital Partners Ltd lessened its holdings in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,534,266 shares of the company's stock after selling 36,300 shares during the quarter. StoneCo accounts for approximately 7.7% of Polunin Capital Partners Ltd's holdings, making the stock its 5th largest holding. Polunin Capital Partners Ltd owned 1.14% of StoneCo worth $30,244,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Yorktown Management & Research Co Inc grew its holdings in shares of StoneCo by 96.8% in the 4th quarter. Yorktown Management & Research Co Inc now owns 30,900 shares of the company's stock valued at $246,000 after acquiring an additional 15,200 shares in the last quarter. Tempus Wealth Planning LLC bought a new position in shares of StoneCo in the 4th quarter valued at about $124,000. Robeco Institutional Asset Management B.V. increased its position in StoneCo by 5.1% during the fourth 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. increased its position in 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 buying an additional 27,128 shares during the last quarter. Finally, KBC Group NV acquired a new position in StoneCo during the fourth quarter worth approximately $73,000. Institutional investors and hedge funds own 73.19% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on STNE shares. Susquehanna reduced their price objective on StoneCo from $22.00 to $19.00 and set a "positive" rating for the company in a report on Wednesday, November 13th. JPMorgan Chase & Co. reduced their price objective on StoneCo from $21.00 to $15.00 and set an "overweight" rating for the company in a report on Monday, December 16th. Citigroup restated a "neutral" rating and set a $9.00 price objective (down previously from $19.00) on shares of StoneCo in a report on Thursday, January 16th. Barclays reduced their price objective on StoneCo from $12.00 to $10.00 and set an "equal weight" rating for the company in a report on Wednesday, January 29th. Finally, The Goldman Sachs Group reduced their price objective on StoneCo from $16.00 to $14.00 and set a "buy" rating for the company in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $14.38.

StoneCo Price Performance

STNE traded up $0.13 during trading on Tuesday, hitting $9.58. 2,097,997 shares of the stock traded hands, compared to its average volume of 4,891,898. The business has a 50 day moving average price of $8.62 and a 200 day moving average price of $10.65. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 7.46, a PEG ratio of 0.37 and a beta of 2.25. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42. StoneCo Ltd. has a twelve month low of $7.72 and a twelve month high of $18.19.

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.