Krane Funds Advisors LLC Reduces Stock Holdings in StoneCo Ltd. (NASDAQ:STNE)

Krane Funds Advisors LLC lowered its position in StoneCo Ltd. (NASDAQ:STNEGet Rating) by 23.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,275 shares of the company’s stock after selling 13,284 shares during the quarter. Krane Funds Advisors LLC’s holdings in StoneCo were worth $713,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. FNY Investment Advisers LLC grew its holdings in shares of StoneCo by 1,850.0% in the fourth quarter. FNY Investment Advisers LLC now owns 5,850 shares of the company’s stock valued at $98,000 after purchasing an additional 5,550 shares during the period. LA Financiere DE L Echiquier grew its holdings in shares of StoneCo by 84.7% in the fourth quarter. LA Financiere DE L Echiquier now owns 1,110,000 shares of the company’s stock valued at $18,715,000 after purchasing an additional 509,000 shares during the period. Cartica Management LLC grew its holdings in shares of StoneCo by 73.0% in the third quarter. Cartica Management LLC now owns 700,638 shares of the company’s stock valued at $24,326,000 after purchasing an additional 295,638 shares during the period. Alliancebernstein L.P. grew its holdings in shares of StoneCo by 8.5% in the third quarter. Alliancebernstein L.P. now owns 118,189 shares of the company’s stock valued at $4,104,000 after purchasing an additional 9,298 shares during the period. Finally, Altfest L J & Co. Inc. grew its holdings in shares of StoneCo by 84.7% in the fourth quarter. Altfest L J & Co. Inc. now owns 18,186 shares of the company’s stock valued at $307,000 after purchasing an additional 8,338 shares during the period. 50.45% of the stock is owned by hedge funds and other institutional investors.

STNE stock traded up $0.14 during midday trading on Tuesday, reaching $7.92. 514,240 shares of the company were exchanged, compared to its average volume of 8,301,733. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.38 and a current ratio of 1.31. StoneCo Ltd. has a 1-year low of $7.71 and a 1-year high of $71.08. The stock’s 50-day simple moving average is $10.69 and its 200 day simple moving average is $15.67. The company has a market cap of $2.45 billion, a price-to-earnings ratio of -9.49 and a beta of 2.36.

StoneCo (NASDAQ:STNEGet Rating) last announced its earnings results on Thursday, March 17th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.71 billion. StoneCo had a negative net margin of 28.64% and a negative return on equity of 3.89%. The company’s revenue for the quarter was up 87.0% compared to the same quarter last year. During the same period last year, the firm posted $0.19 earnings per share. On average, research analysts anticipate that StoneCo Ltd. will post 0.3 earnings per share for the current year.

Several brokerages have weighed in on STNE. Citigroup raised shares of StoneCo from a “neutral” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Friday, March 18th. Evercore ISI began coverage on shares of StoneCo in a research report on Friday, February 18th. They set a “hold” rating and a $14.00 price target on the stock. Susquehanna reduced their price target on shares of StoneCo from $35.00 to $28.00 and set a “positive” rating on the stock in a research report on Wednesday, March 9th. Zacks Investment Research raised shares of StoneCo from a “sell” rating to a “hold” rating in a research report on Tuesday, March 29th. Finally, Susquehanna Bancshares reduced their price target on shares of StoneCo from $35.00 to $28.00 in a research report on Wednesday, March 9th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, StoneCo has a consensus rating of “Hold” and a consensus target price of $25.31.

StoneCo Company Profile (Get Rating)

StoneCo Ltd. provides financial technology 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 technology and solutions to digital merchants through sales and technical personnel and software vendors, as well as sells solutions to brick-and-mortar and digital merchants through sales team.

See Also

Institutional Ownership by Quarter for StoneCo (NASDAQ:STNE)

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