Intellectus Partners LLC Sells 14,250 Shares of StoneCo Ltd. (NASDAQ:STNE)

Intellectus Partners LLC decreased its holdings in shares of StoneCo Ltd. (NASDAQ:STNE) by 20.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,700 shares of the company’s stock after selling 14,250 shares during the quarter. Intellectus Partners LLC’s holdings in StoneCo were worth $986,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. JGP Global Gestao de Recursos Ltda. acquired a new stake in shares of StoneCo during the third quarter worth $16,603,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of 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 worth $31,684,000 after buying an additional 1,249,463 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of 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 lifted its holdings in shares of StoneCo by 103.8% during 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 in the last quarter. Finally, Nucleo Capital LTDA. lifted its holdings in shares of StoneCo by 10.0% during the third quarter. Nucleo Capital LTDA. now owns 6,138,276 shares of the company’s stock worth $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.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Barclays lifted their target price on StoneCo from $14.00 to $17.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 16th. 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. The Goldman Sachs Group upgraded StoneCo from a “neutral” rating to a “buy” rating and lifted their target price for the company 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 lifted their target price for the company 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 on the stock in a research report on Friday, April 19th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, StoneCo presently has a consensus rating of “Moderate Buy” and an average price target of $19.00.

StoneCo Stock Up 5.0 %

Shares of NASDAQ:STNE traded up $0.78 during trading on Friday, reaching $16.35. 6,294,173 shares of the stock were exchanged, compared to its average volume of 4,732,987. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.27 and a quick ratio of 1.27. StoneCo Ltd. has a 1-year low of $9.34 and a 1-year high of $19.46. The stock has a fifty day moving average of $16.50 and a two-hundred day moving average of $15.52. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 0.60 and a beta of 2.34.

StoneCo (NASDAQ:STNE) last announced its quarterly earnings data on Monday, March 18th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. The firm had revenue of $655.87 million during the quarter, compared to the consensus estimate of $468.47 million. StoneCo had a return on equity of 11.23% and a net margin of 13.35%. Research analysts anticipate that StoneCo Ltd. will post 1.27 earnings per share for the current fiscal 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.