StoneCo Ltd. $STNE Shares Sold by 14B Captial Management LP

14B Captial Management LP reduced its position in StoneCo Ltd. (NASDAQ:STNE) by 21.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 931,000 shares of the company’s stock after selling 256,000 shares during the quarter. StoneCo comprises about 10.3% of 14B Captial Management LP’s investment portfolio, making the stock its 5th biggest position. 14B Captial Management LP owned 0.33% of StoneCo worth $17,605,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. USA Financial Formulas acquired a new position in shares of StoneCo in the 3rd quarter valued at about $55,000. Richardson Financial Services Inc. increased its position in StoneCo by 64.2% during the 3rd quarter. Richardson Financial Services Inc. now owns 2,943 shares of the company’s stock worth $56,000 after purchasing an additional 1,151 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new stake in StoneCo during the 3rd quarter worth approximately $55,000. Concord Wealth Partners purchased a new position in StoneCo in the third quarter valued at approximately $60,000. Finally, Assetmark Inc. lifted its position in StoneCo by 773.6% during the third quarter. Assetmark Inc. now owns 3,608 shares of the company’s stock valued at $68,000 after buying an additional 3,195 shares in the last quarter. Institutional investors and hedge funds own 73.19% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on STNE. Santander downgraded shares of StoneCo from an “outperform” rating to a “neutral” rating in a research note on Thursday, January 29th. Zacks Research upgraded shares of StoneCo from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 3rd. BTIG Research reaffirmed a “buy” rating and set a $22.00 price target on shares of StoneCo in a research report on Tuesday, March 3rd. UBS Group lowered their price target on StoneCo from $19.50 to $19.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Weiss Ratings raised StoneCo from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, March 5th. Seven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.44.

StoneCo Trading Down 0.2%

NASDAQ STNE opened at $13.81 on Friday. The stock has a market cap of $3.95 billion, a P/E ratio of 9.03, a PEG ratio of 0.23 and a beta of 1.78. The company’s fifty day simple moving average is $15.75 and its 200-day simple moving average is $16.55. The company has a current ratio of 1.37, a quick ratio of 1.43 and a debt-to-equity ratio of 0.81. StoneCo Ltd. has a 52 week low of $9.32 and a 52 week high of $19.95.

StoneCo (NASDAQ:STNE) last released its quarterly earnings results on Monday, March 2nd. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. StoneCo had a net margin of 15.38% and a return on equity of 21.55%. The business had revenue of $675.42 million during the quarter, compared to analyst estimates of $704.26 million. Equities research analysts predict that StoneCo Ltd. will post 1.16 EPS for the current fiscal year.

StoneCo Profile

StoneCo Ltd., commonly known as Stone, is a Brazilian financial technology company that provides integrated digital payment solutions and related financial services to merchants. Through its cloud-based platform, Stone enables businesses of all sizes to accept a variety of payment methods, including point-of-sale (POS) terminals, mobile card readers and e-commerce gateways. In addition to payment acceptance, the company offers value-added services such as working capital loans, digital banking products and automated billing tools designed to help merchants manage cash flow and streamline operations.

Since its founding in 2012 by André Street and Eduardo Pontes, Stone has focused on serving over half a million merchants across Brazil’s retail, restaurant and services sectors.