StoneCo Ltd. (NASDAQ:STNE) Shares Sold by Tandem Capital Management Corp ADV

Tandem Capital Management Corp ADV cut its holdings in StoneCo Ltd. (NASDAQ:STNE) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 52,780 shares of the company’s stock after selling 950 shares during the quarter. Tandem Capital Management Corp ADV’s holdings in StoneCo were worth $952,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in STNE. McGlone Suttner Wealth Management Inc. acquired a new position in StoneCo in the 4th quarter valued at about $26,000. Tucker Asset Management LLC purchased a new position in shares of StoneCo in the 3rd quarter valued at approximately $60,000. Itau Unibanco Holding S.A. purchased a new stake in shares of StoneCo during the third quarter worth approximately $101,000. PNC Financial Services Group Inc. raised its stake in shares of StoneCo by 42.4% during the third quarter. PNC Financial Services Group Inc. now owns 9,869 shares of the company’s stock worth $105,000 after purchasing an additional 2,940 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of StoneCo by 45.5% during the fourth quarter. Signaturefd LLC now owns 7,149 shares of the company’s stock worth $129,000 after purchasing an additional 2,235 shares during the period. 73.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. UBS Group downgraded shares of StoneCo from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $18.00 to $21.00 in a research report on Thursday, February 1st. Barclays lifted their price objective on StoneCo from $14.00 to $17.00 and gave the company an “equal weight” rating in a report on Tuesday, January 16th. Susquehanna cut their target price on StoneCo from $23.00 to $22.00 and set a “positive” rating for the company in a research note on Friday, April 19th. The Goldman Sachs Group upgraded StoneCo from a “neutral” rating to a “buy” rating and lifted their price target for the company from $12.00 to $21.00 in a research note on Monday, January 22nd. Finally, Citigroup increased their price objective on StoneCo from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $19.00.

StoneCo Price Performance

Shares of STNE stock traded down $0.26 during mid-day trading on Thursday, reaching $15.57. The stock had a trading volume of 4,720,906 shares, compared to its average volume of 5,200,046. The company has a market cap of $4.89 billion, a P/E ratio of 15.42, a price-to-earnings-growth ratio of 0.58 and a beta of 2.34. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.25. StoneCo Ltd. has a 12-month low of $9.34 and a 12-month high of $19.46. The business has a 50-day simple moving average of $16.54 and a 200 day simple moving average of $15.48.

StoneCo (NASDAQ:STNE) last posted its earnings results on Monday, March 18th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.04. StoneCo had a net margin of 13.35% and a return on equity of 11.23%. The firm had revenue of $655.87 million during the quarter, compared to the consensus estimate of $468.47 million. On average, sell-side analysts anticipate that StoneCo Ltd. will post 1.27 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.