Atom Investors LP reduced its holdings in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 74.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,319 shares of the company's stock after selling 98,593 shares during the quarter. Atom Investors LP's holdings in StoneCo were worth $386,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Financial Perspectives Inc boosted its position in StoneCo by 8.4% during the second 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 raised its holdings in StoneCo by 9.8% during the third quarter. Thrivent Financial for Lutherans now owns 19,877 shares of the company's stock valued at $224,000 after buying an additional 1,773 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in StoneCo by 1.5% during the second quarter. The Manufacturers Life Insurance Company now owns 123,275 shares of the company's stock valued at $1,478,000 after buying an additional 1,848 shares in the last quarter. Y.D. More Investments Ltd increased its stake in shares of StoneCo by 90.2% in the second quarter. Y.D. More Investments Ltd now owns 4,798 shares of the company's stock worth $58,000 after purchasing an additional 2,275 shares during the period. Finally, AlphaMark Advisors LLC increased its stake in shares of StoneCo by 15.4% in the second quarter. AlphaMark Advisors LLC now owns 19,496 shares of the company's stock worth $234,000 after purchasing an additional 2,608 shares during the period. 73.19% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the company. Barclays decreased their target price on StoneCo from $13.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Monday, November 18th. Cantor Fitzgerald upgraded shares of StoneCo to a "strong-buy" rating in a research report on Thursday, October 3rd. Susquehanna reduced their price objective on shares of StoneCo from $22.00 to $19.00 and set a "positive" rating on the stock in a research note on Wednesday, November 13th. Morgan Stanley reissued an "underweight" rating and set a $7.00 price objective (down previously from $16.50) on shares of StoneCo in a research note on Thursday, September 5th. Finally, UBS Group raised their target price on shares of StoneCo from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Thursday, August 29th. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $16.89.
Check Out Our Latest Analysis on StoneCo
StoneCo Stock Down 1.5 %
NASDAQ:STNE traded down $0.14 during trading hours on Thursday, reaching $9.39. 6,105,055 shares of the stock were exchanged, compared to its average volume of 5,258,515. StoneCo Ltd. has a twelve month low of $9.06 and a twelve month high of $19.46. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a 50 day moving average of $10.78 and a 200 day moving average of $12.16. The stock has a market cap of $2.90 billion, a PE ratio of 7.45, a PEG ratio of 0.33 and a beta of 2.21.
StoneCo Company Profile
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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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