StoneCo Ltd. (NASDAQ:STNE) Position Reduced by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. decreased its position in shares of StoneCo Ltd. (NASDAQ:STNE) by 68.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,625 shares of the company’s stock after selling 7,900 shares during the period. Geneos Wealth Management Inc.’s holdings in StoneCo were worth $65,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in STNE. BlackRock Inc. increased its holdings in shares of StoneCo by 27.8% in the third quarter. BlackRock Inc. now owns 21,451,911 shares of the company’s stock valued at $204,437,000 after buying an additional 4,666,575 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of StoneCo in the first quarter valued at $35,504,000. State Street Corp increased its holdings in shares of StoneCo by 85.9% in the second quarter. State Street Corp now owns 4,404,305 shares of the company’s stock valued at $33,913,000 after buying an additional 2,034,974 shares in the last quarter. MFN Partners Management LP increased its holdings in shares of StoneCo by 100.0% in the first quarter. MFN Partners Management LP now owns 4,000,000 shares of the company’s stock valued at $46,800,000 after buying an additional 2,000,000 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of StoneCo by 408.5% in the first quarter. JPMorgan Chase & Co. now owns 2,135,760 shares of the company’s stock valued at $20,376,000 after buying an additional 1,715,744 shares in the last quarter. Institutional investors own 73.19% of the company’s stock.

StoneCo Trading Down 2.4 %

StoneCo stock opened at $15.29 on Wednesday. The company’s fifty day simple moving average is $16.81 and its 200-day simple moving average is $15.30. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.25. StoneCo Ltd. has a 12 month low of $9.34 and a 12 month high of $19.46. The stock has a market cap of $4.80 billion, a P/E ratio of 15.14 and a beta of 2.34.

StoneCo (NASDAQ:STNE) last posted its quarterly earnings results on Monday, March 18th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.32 by $0.04. StoneCo had a net margin of 13.35% and a return on equity of 11.23%. The business had revenue of $655.87 million for the quarter, compared to analysts’ expectations of $468.47 million. As a group, sell-side analysts forecast that StoneCo Ltd. will post 1.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

STNE has been the topic of several research reports. UBS Group cut StoneCo from a “buy” rating to a “neutral” rating and upped their price target for the company from $18.00 to $21.00 in a report on Thursday, February 1st. Barclays lifted their price objective 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. Citigroup lifted their price objective on shares of StoneCo from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Finally, The Goldman Sachs Group upgraded shares of StoneCo from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $12.00 to $21.00 in a research report on Monday, January 22nd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $18.80.

StoneCo Company 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.