StoneCo Ltd. (NASDAQ:STNE) Shares Sold by Truxt Investmentos Ltda.

Truxt Investmentos Ltda. decreased its holdings in StoneCo Ltd. (NASDAQ:STNE) by 59.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,130,361 shares of the company’s stock after selling 1,684,438 shares during the quarter. StoneCo accounts for about 14.4% of Truxt Investmentos Ltda.’s holdings, making the stock its 2nd largest holding. Truxt Investmentos Ltda. owned 0.37% of StoneCo worth $8,907,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of STNE. Creative Planning raised its holdings in StoneCo by 224.9% in the 3rd quarter. Creative Planning now owns 65,321 shares of the company’s stock worth $736,000 after purchasing an additional 45,218 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in StoneCo in the 3rd quarter worth about $125,000. Dupree Financial Group LLC acquired a new position in StoneCo in the 3rd quarter worth about $4,240,000. Tandem Capital Management Corp ADV increased its stake in StoneCo by 12.7% during the 3rd quarter. Tandem Capital Management Corp ADV now owns 52,120 shares of the company’s stock worth $587,000 after buying an additional 5,888 shares in the last quarter. Finally, Vinland Capital Management Gestora de Recursos LTDA. purchased a new stake in StoneCo during the 3rd quarter worth approximately $539,000. Institutional investors and hedge funds own 73.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Barclays cut their price objective on StoneCo from $12.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Susquehanna cut their price objective on StoneCo from $22.00 to $19.00 and set a “positive” rating for the company in a research note on Wednesday, November 13th. Citigroup reiterated a “neutral” rating and set a $9.00 price objective (down from $19.00) on shares of StoneCo in a research note on Thursday, January 16th. The Goldman Sachs Group cut their price objective on StoneCo from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. cut their price objective on StoneCo from $21.00 to $15.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, StoneCo presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.38.

StoneCo Price Performance

STNE stock opened at $10.07 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42. The business has a 50 day simple moving average of $8.68 and a 200-day simple moving average of $10.51. The firm has a market capitalization of $3.11 billion, a PE ratio of 7.87, a price-to-earnings-growth ratio of 0.40 and a beta of 2.25. StoneCo Ltd. has a 1 year low of $7.72 and a 1 year high of $17.93.

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.