SG Americas Securities LLC Cuts Stock Position in StoneCo Ltd. $STNE

SG Americas Securities LLC trimmed its holdings in StoneCo Ltd. (NASDAQ:STNE) by 32.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,272 shares of the company’s stock after selling 18,679 shares during the period. SG Americas Securities LLC’s holdings in StoneCo were worth $614,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Richardson Financial Services Inc. bought a new stake in StoneCo during the 2nd quarter valued at approximately $29,000. CWM LLC raised its position in shares of StoneCo by 327.4% during the first quarter. CWM LLC now owns 3,154 shares of the company’s stock valued at $33,000 after buying an additional 2,416 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of StoneCo by 334.4% during the second quarter. Farther Finance Advisors LLC now owns 2,598 shares of the company’s stock valued at $42,000 after buying an additional 2,000 shares during the last quarter. Twin Tree Management LP purchased a new position in shares of StoneCo in the first quarter worth $58,000. Finally, GAMMA Investing LLC boosted its position in shares of StoneCo by 43.6% during the second quarter. GAMMA Investing LLC now owns 4,170 shares of the company’s stock worth $67,000 after acquiring an additional 1,267 shares during the last quarter. Hedge funds and other institutional investors own 73.19% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on STNE. UBS Group lifted their price target on shares of StoneCo from $15.00 to $20.00 and gave the company a “buy” rating in a report on Friday, August 29th. Bank of America lifted their target price on StoneCo from $15.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, September 9th. Zacks Research raised StoneCo to a “strong-buy” rating in a research note on Tuesday, August 12th. Wall Street Zen cut StoneCo from a “buy” rating to a “hold” rating in a report on Monday, October 27th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of StoneCo in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $17.21.

StoneCo Trading Up 2.9%

Shares of NASDAQ STNE opened at $15.51 on Wednesday. StoneCo Ltd. has a 1-year low of $7.72 and a 1-year high of $19.95. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.43 and a quick ratio of 1.43. The business’s 50 day moving average is $17.93 and its two-hundred day moving average is $15.93. The stock has a market capitalization of $4.44 billion, a P/E ratio of -28.72, a PEG ratio of 0.29 and a beta of 2.01.

StoneCo (NASDAQ:STNE) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. The business had revenue of $669.49 million during the quarter, compared to analyst estimates of $669.81 million. StoneCo had a positive return on equity of 20.18% and a negative net margin of 7.28%. As a group, research analysts expect that StoneCo Ltd. will post 1.16 EPS for the current 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.