StoneCo Ltd. $STNE Position Decreased by Slate Path Capital LP

Slate Path Capital LP lowered its holdings in StoneCo Ltd. (NASDAQ:STNE) by 14.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,193,541 shares of the company’s stock after selling 715,000 shares during the quarter. Slate Path Capital LP’s holdings in StoneCo were worth $67,264,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Atmos Capital Gestao DE Recursos LTDA. grew its position in StoneCo by 3.1% in the first quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 11,982,873 shares of the company’s stock worth $125,581,000 after buying an additional 359,037 shares during the last quarter. Nuveen LLC acquired a new stake in shares of StoneCo during the 1st quarter valued at $70,502,000. Azora Capital LP boosted its stake in shares of StoneCo by 88.2% during the 2nd quarter. Azora Capital LP now owns 4,863,331 shares of the company’s stock worth $78,008,000 after acquiring an additional 2,279,821 shares in the last quarter. Norges Bank bought a new stake in shares of StoneCo during the 2nd quarter worth $44,366,000. Finally, Tekne Capital Management LLC acquired a new position in shares of StoneCo in the 2nd quarter worth $35,288,000. 73.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of StoneCo in a report on Wednesday, October 8th. Wall Street Zen downgraded StoneCo from a “buy” rating to a “hold” rating in a report on Monday, October 27th. The Goldman Sachs Group raised their target price on shares of StoneCo from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, October 14th. Bank of America lifted their target price on shares of StoneCo from $15.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, September 9th. Finally, UBS Group upped their price target on shares of StoneCo from $15.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, August 29th. One equities research 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.21.

StoneCo Trading Up 1.7%

NASDAQ:STNE opened at $14.87 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.43 and a quick ratio of 1.43. StoneCo Ltd. has a fifty-two week low of $7.72 and a fifty-two week high of $19.95. The stock’s 50-day moving average is $17.22 and its two-hundred day moving average is $16.09. The stock has a market cap of $4.25 billion, a PE ratio of -27.54, a price-to-earnings-growth ratio of 0.28 and a beta of 1.85.

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