Nucleo Capital LTDA. Sells 54,369 Shares of StoneCo Ltd. (NASDAQ:STNE)

Nucleo Capital LTDA. cut its stake in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,457,062 shares of the company's stock after selling 54,369 shares during the quarter. StoneCo makes up approximately 31.8% of Nucleo Capital LTDA.'s holdings, making the stock its 2nd biggest holding. Nucleo Capital LTDA. owned about 0.80% of StoneCo worth $19,583,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of STNE. Point72 Asset Management L.P. boosted its stake in shares of StoneCo by 36.2% in the third quarter. Point72 Asset Management L.P. now owns 11,422,475 shares of the company's stock worth $128,617,000 after buying an additional 3,035,530 shares during the last quarter. State Street Corp raised 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 valued at $89,765,000 after buying an additional 2,692,558 shares during the period. Geode Capital Management LLC lifted its position in StoneCo by 36.0% in the third quarter. Geode Capital Management LLC now owns 5,190,344 shares of the company's stock valued at $58,302,000 after buying an additional 1,374,788 shares during the last quarter. Norges Bank acquired a new position in StoneCo during the 4th quarter worth about $22,642,000. Finally, SPX Gestao de Recursos Ltda increased its position in shares of StoneCo by 3,248.6% during the fourth quarter. SPX Gestao de Recursos Ltda now owns 1,813,588 shares of the company's stock worth $14,454,000 after acquiring an additional 1,759,429 shares during the period. Institutional investors own 73.19% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on STNE shares. Citigroup reissued a "neutral" rating and issued a $9.00 target price (down from $19.00) on shares of StoneCo in a research report on Thursday, January 16th. Barclays raised their price target on shares of StoneCo from $10.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Friday, March 21st. Morgan Stanley boosted their target price on shares of StoneCo from $5.70 to $6.00 and gave the company an "underweight" rating in a report on Friday, March 21st. Wells Fargo & Company raised shares of StoneCo from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. dropped their price objective 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $14.50.

StoneCo Stock Performance

STNE stock traded up $0.16 during midday trading on Wednesday, hitting $10.73. The stock had a trading volume of 4,267,716 shares, compared to its average volume of 5,566,278. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of 8.38, a P/E/G ratio of 0.41 and a beta of 2.33. The stock has a 50-day simple moving average of $9.73 and a 200 day simple moving average of $9.90. StoneCo Ltd. has a 52 week low of $7.72 and a 52 week high of $17.93. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.47.

StoneCo (NASDAQ:STNE - Get Free Report) last announced its earnings results on Tuesday, March 18th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.32 by $0.07. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. The company had revenue of $582.20 million for the quarter, compared to analysts' expectations of $3.59 billion. As a group, equities research analysts anticipate that StoneCo Ltd. will post 1.16 earnings per share for the current year.

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.