StoneCo Ltd. (NASDAQ:STNE) Position Trimmed by Paradiem LLC

Paradiem LLC lessened its holdings in shares of StoneCo Ltd. (NASDAQ:STNE) by 38.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 198,008 shares of the company’s stock after selling 125,130 shares during the quarter. Paradiem LLC owned approximately 0.06% of StoneCo worth $3,570,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of STNE. SG Americas Securities LLC purchased a new position in StoneCo during the 3rd quarter valued at about $264,000. Exchange Traded Concepts LLC grew its stake in shares of StoneCo by 28.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 25,024 shares of the company’s stock valued at $267,000 after buying an additional 5,489 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of StoneCo in the 3rd quarter valued at approximately $143,000. Robeco Institutional Asset Management B.V. grew its stake in shares of StoneCo by 72.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,969,463 shares of the company’s stock valued at $31,684,000 after buying an additional 1,249,463 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of StoneCo by 72.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 72,428 shares of the company’s stock valued at $773,000 after buying an additional 30,391 shares in the last quarter. Hedge funds and other institutional investors own 73.19% of the company’s stock.

StoneCo Stock Performance

Shares of STNE stock traded up $0.78 during trading hours on Friday, reaching $16.35. 6,294,173 shares of the company’s stock were exchanged, compared to its average volume of 4,732,987. StoneCo Ltd. has a fifty-two week low of $9.34 and a fifty-two week high of $19.46. The stock has a market capitalization of $5.14 billion, a P/E ratio of 16.19, a P/E/G ratio of 0.60 and a beta of 2.34. The business has a fifty day moving average price of $16.50 and a 200-day moving average price of $15.52. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.25.

StoneCo (NASDAQ:STNE) last issued its quarterly earnings results on Monday, March 18th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. StoneCo had a return on equity of 11.23% and a net margin of 13.35%. The company had revenue of $655.87 million during the quarter, compared to analyst estimates of $468.47 million. Analysts predict that StoneCo Ltd. will post 1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.