StoneCo Ltd. (NASDAQ:STNE) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its stake in shares of StoneCo Ltd. (NASDAQ:STNE) by 22.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,581 shares of the company’s stock after selling 2,773 shares during the period. Commonwealth Equity Services LLC’s holdings in StoneCo were worth $332,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Vontobel Holding Ltd. lifted its position in shares of StoneCo by 485.3% in the 3rd quarter. Vontobel Holding Ltd. now owns 63,715 shares of the company’s stock worth $2,212,000 after buying an additional 52,830 shares during the last quarter. Tandem Capital Management Corp ADV lifted its position in StoneCo by 8.3% in the 3rd quarter. Tandem Capital Management Corp ADV now owns 37,591 shares of the company’s stock valued at $1,305,000 after purchasing an additional 2,879 shares during the last quarter. Verde Servicos Internacionais S.A. lifted its position in StoneCo by 103.2% in the 3rd quarter. Verde Servicos Internacionais S.A. now owns 181,238 shares of the company’s stock valued at $6,293,000 after purchasing an additional 92,038 shares during the last quarter. B&D White Capital Company LLC bought a new stake in shares of StoneCo during the 3rd quarter worth about $225,000. Finally, Tybourne Capital Management HK Ltd. raised its position in shares of StoneCo by 47.4% during the 3rd quarter. Tybourne Capital Management HK Ltd. now owns 5,766,393 shares of the company’s stock worth $200,209,000 after buying an additional 1,855,408 shares in the last quarter. Institutional investors own 63.22% of the company’s stock.

Several equities analysts have recently issued reports on STNE shares. Bradesco Corretora lowered their price objective on shares of StoneCo from $49.00 to $17.00 and set an “underperform” rating on the stock in a research note on Monday, November 22nd. UBS Group cut shares of StoneCo from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $47.00 to $21.00 in a report on Tuesday, January 4th. Credit Suisse Group cut shares of StoneCo from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $100.00 to $22.00 in a report on Wednesday, December 22nd. Susquehanna reduced their target price on shares of StoneCo from $90.00 to $65.00 and set a “positive” rating for the company in a research note on Monday, October 18th. Finally, Scotiabank began coverage on shares of StoneCo in a research note on Wednesday, December 1st. They issued a “sector perform” rating and a $22.00 target price for the company. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $45.33.

Shares of StoneCo stock opened at $16.62 on Friday. The firm has a fifty day simple moving average of $18.65 and a 200-day simple moving average of $37.49. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.21. StoneCo Ltd. has a 1-year low of $14.02 and a 1-year high of $95.12. The stock has a market capitalization of $5.13 billion, a price-to-earnings ratio of -92.33 and a beta of 2.37.

StoneCo (NASDAQ:STNE) last issued its quarterly earnings data on Tuesday, November 16th. The company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.34. StoneCo had a negative net margin of 7.57% and a negative return on equity of 1.98%. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the previous year, the company earned $0.16 earnings per share. StoneCo’s revenue for the quarter was up 57.3% on a year-over-year basis. As a group, research analysts predict that StoneCo Ltd. will post 0.2 earnings per share for the current year.

StoneCo Company Profile

StoneCo Ltd. engages in the provision of financial technology solutions. It caters to merchants and partners that conduct electronic commerce across in-store, online, and mobile channels. The firm offers cloud-based technology platform, electronic payments, and automation of business processes at the point-of-sale.

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Institutional Ownership by Quarter for StoneCo (NASDAQ:STNE)

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