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

Tandem Capital Management Corp ADV cut its stake in StoneCo Ltd. (NASDAQ:STNE) by 1.8% in the 4th quarter, HoldingsChannel reports. The fund owned 52,780 shares of the company’s stock after selling 950 shares during the period. Tandem Capital Management Corp ADV’s holdings in StoneCo were worth $952,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in STNE. JGP Global Gestao de Recursos Ltda. acquired a new stake in StoneCo in the 3rd quarter valued at about $16,603,000. Robeco Institutional Asset Management B.V. lifted its stake in StoneCo by 72.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,969,463 shares of the company’s stock valued at $31,684,000 after purchasing an additional 1,249,463 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in StoneCo by 28.3% during the third quarter. Teacher Retirement System of Texas now owns 3,930,893 shares of the company’s stock worth $41,943,000 after buying an additional 866,803 shares in the last quarter. Qube Research & Technologies Ltd grew its position in StoneCo by 103.8% in the third quarter. Qube Research & Technologies Ltd now owns 1,234,520 shares of the company’s stock worth $13,172,000 after buying an additional 628,698 shares during the last quarter. Finally, Nucleo Capital LTDA. increased its holdings in shares of StoneCo by 10.0% in the third quarter. Nucleo Capital LTDA. now owns 6,138,276 shares of the company’s stock valued at $65,495,000 after buying an additional 557,186 shares in the last quarter. Institutional investors and hedge funds own 73.19% of the company’s stock.

Wall Street Analysts Forecast Growth

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

StoneCo Stock Down 1.6 %

STNE stock traded down $0.26 during midday trading on Thursday, reaching $15.57. The company had a trading volume of 4,720,906 shares, compared to its average volume of 5,200,046. The company has a 50 day moving average of $16.54 and a two-hundred day moving average of $15.48. 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 1 year low of $9.34 and a 1 year high of $19.46. The company has a market capitalization of $4.89 billion, a P/E ratio of 15.42, a PEG ratio of 0.58 and a beta of 2.34.

StoneCo (NASDAQ:STNE) last issued its earnings results on Monday, March 18th. The company reported $0.36 EPS for the quarter, beating 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 firm had revenue of $655.87 million for the quarter, compared to the consensus estimate of $468.47 million. On average, equities research analysts expect that StoneCo Ltd. will post 1.27 earnings per share for the current fiscal year.

About StoneCo

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.