Sigma Planning Corp Has $229,000 Position in StoneCo Ltd. (NASDAQ:STNE)

Sigma Planning Corp lowered its stake in shares of StoneCo Ltd. (NASDAQ:STNE) by 60.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 12,700 shares of the company’s stock after selling 19,025 shares during the period. Sigma Planning Corp’s holdings in StoneCo were worth $229,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. JGP Global Gestao de Recursos Ltda. bought a new position in shares of StoneCo during the 3rd quarter valued at $16,603,000. Robeco Institutional Asset Management B.V. raised its holdings in shares of StoneCo by 72.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,969,463 shares of the company’s stock valued at $31,684,000 after purchasing an additional 1,249,463 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in shares of StoneCo by 28.3% during the 3rd quarter. Teacher Retirement System of Texas now owns 3,930,893 shares of the company’s stock valued at $41,943,000 after purchasing an additional 866,803 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of StoneCo by 103.8% during the 3rd quarter. Qube Research & Technologies Ltd now owns 1,234,520 shares of the company’s stock valued at $13,172,000 after purchasing an additional 628,698 shares in the last quarter. Finally, Nucleo Capital LTDA. raised its holdings in shares of StoneCo by 10.0% during the 3rd quarter. Nucleo Capital LTDA. now owns 6,138,276 shares of the company’s stock valued at $65,495,000 after purchasing an additional 557,186 shares in the last quarter. Institutional investors and hedge funds own 73.19% of the company’s stock.

StoneCo Price Performance

Shares of StoneCo stock opened at $16.35 on Monday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of 16.19, a P/E/G ratio of 0.60 and a beta of 2.35. StoneCo Ltd. has a 1-year low of $9.34 and a 1-year high of $19.46. The firm’s 50-day moving average price is $16.50 and its two-hundred day moving average price is $15.60.

StoneCo (NASDAQ:STNE) last issued its quarterly earnings data on Monday, March 18th. The company reported $0.36 earnings per share for the quarter, topping 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 firm had revenue of $655.87 million for the quarter, compared to analysts’ expectations of $468.47 million. On average, equities analysts predict that StoneCo Ltd. will post 1.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on STNE shares. Barclays upped their price target on shares of StoneCo from $14.00 to $17.00 and gave the company an “equal weight” rating in a report on Tuesday, January 16th. The Goldman Sachs Group raised shares of StoneCo from a “neutral” rating to a “buy” rating and upped their price objective for the company from $12.00 to $21.00 in a research report on Monday, January 22nd. Susquehanna cut their price objective on shares of StoneCo from $23.00 to $22.00 and set a “positive” rating for the company in a research report on Friday, April 19th. UBS Group lowered shares of StoneCo from a “buy” rating to a “neutral” rating and increased their price target for the stock from $18.00 to $21.00 in a research report on Thursday, February 1st. Finally, Citigroup increased their price target 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. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, StoneCo currently has an average rating of “Moderate Buy” and a consensus price target of $19.00.

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.