StoneCo Ltd. $STNE Shares Sold by US Bancorp DE

US Bancorp DE lowered its stake in shares of StoneCo Ltd. (NASDAQ:STNE) by 33.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,434 shares of the company’s stock after selling 1,215 shares during the quarter. US Bancorp DE’s holdings in StoneCo were worth $26,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. XTX Topco Ltd grew its stake in StoneCo by 93.5% during the 1st quarter. XTX Topco Ltd now owns 162,380 shares of the company’s stock worth $1,702,000 after purchasing an additional 78,481 shares in the last quarter. one8zero8 LLC boosted its stake in shares of StoneCo by 21.2% in the 1st quarter. one8zero8 LLC now owns 350,075 shares of the company’s stock valued at $3,669,000 after buying an additional 61,125 shares during the period. Avantax Advisory Services Inc. grew its position in shares of StoneCo by 5.2% during the first quarter. Avantax Advisory Services Inc. now owns 77,562 shares of the company’s stock worth $813,000 after buying an additional 3,850 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of StoneCo during the first quarter worth approximately $1,772,000. Finally, Signaturefd LLC raised its holdings in StoneCo by 13.6% in the first quarter. Signaturefd LLC now owns 7,708 shares of the company’s stock valued at $81,000 after acquiring an additional 924 shares in the last quarter. 73.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

STNE has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of StoneCo from a “buy” rating to a “hold” rating in a research note on Friday, June 6th. Santander raised shares of StoneCo from a “neutral” rating to an “outperform” rating in a research report on Wednesday, May 21st. Barclays increased their target price on StoneCo from $13.00 to $15.00 and gave the company an “equal weight” rating in a report on Monday, May 12th. JPMorgan Chase & Co. lifted their price target on StoneCo from $15.50 to $18.50 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Finally, Zacks Research raised StoneCo to a “strong-buy” rating in a research report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, StoneCo has a consensus rating of “Moderate Buy” and an average price target of $15.07.

StoneCo Stock Performance

Shares of STNE stock opened at $14.81 on Thursday. The stock’s 50-day moving average is $14.68 and its two-hundred day moving average is $12.65. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.48 and a current ratio of 1.48. StoneCo Ltd. has a 1 year low of $7.72 and a 1 year high of $16.68. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of -21.16, a PEG ratio of 0.40 and a beta of 1.88.

StoneCo (NASDAQ:STNE) last posted its earnings results on Thursday, August 7th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.03. The business had revenue of $643.82 million during the quarter, compared to the consensus estimate of $3.78 billion. StoneCo had a positive return on equity of 18.71% and a negative net margin of 8.37%. Analysts predict that StoneCo Ltd. will post 1.16 earnings per share for the current year.

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.