RBF Capital LLC Sells 149,615 Shares of StoneCo Ltd. (NASDAQ:STNE)

RBF Capital LLC reduced its position in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 41.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 212,885 shares of the company's stock after selling 149,615 shares during the quarter. RBF Capital LLC owned about 0.07% of StoneCo worth $2,419,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Financial Perspectives Inc grew its holdings in shares of StoneCo by 8.4% during the 2nd quarter. Financial Perspectives Inc now owns 14,019 shares of the company's stock valued at $168,000 after purchasing an additional 1,083 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of StoneCo by 9.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 19,877 shares of the company's stock valued at $224,000 after purchasing an additional 1,773 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of StoneCo by 1.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 123,275 shares of the company's stock valued at $1,478,000 after purchasing an additional 1,848 shares during the last quarter. Y.D. More Investments Ltd grew its holdings in shares of StoneCo by 90.2% during the 2nd quarter. Y.D. More Investments Ltd now owns 4,798 shares of the company's stock valued at $58,000 after purchasing an additional 2,275 shares during the last quarter. Finally, AlphaMark Advisors LLC grew its holdings in shares of StoneCo by 15.4% during the 2nd quarter. AlphaMark Advisors LLC now owns 19,496 shares of the company's stock valued at $234,000 after purchasing an additional 2,608 shares during the last quarter. 73.19% of the stock is owned by institutional investors.

StoneCo Trading Down 1.7 %

Shares of NASDAQ STNE traded down $0.16 during midday trading on Thursday, reaching $9.37. The stock had a trading volume of 2,651,960 shares, compared to its average volume of 5,243,005. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.42 and a current ratio of 1.42. StoneCo Ltd. has a twelve month low of $9.06 and a twelve month high of $19.46. The company's 50 day moving average price is $10.78 and its 200 day moving average price is $12.16. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 7.45, a price-to-earnings-growth ratio of 0.33 and a beta of 2.21.

Wall Street Analyst Weigh In

STNE has been the topic of several research reports. Susquehanna decreased their price target on shares of StoneCo from $22.00 to $19.00 and set a "positive" rating on the stock in a report on Wednesday, November 13th. Barclays decreased their price target on shares of StoneCo from $13.00 to $12.00 and set an "equal weight" rating on the stock in a report on Monday, November 18th. UBS Group lifted their target price on shares of StoneCo from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Thursday, August 29th. Morgan Stanley reiterated an "underweight" rating and set a $7.00 target price (down from $16.50) on shares of StoneCo in a research report on Thursday, September 5th. Finally, Cantor Fitzgerald upgraded shares of StoneCo to a "strong-buy" rating in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, StoneCo has a consensus rating of "Moderate Buy" and a consensus price target of $16.89.

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.