StoneCo Ltd. (NASDAQ:STNE) Stock Position Trimmed by 14B Captial Management LP

14B Captial Management LP cut its holdings in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 19.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,049,000 shares of the company's stock after selling 250,000 shares during the quarter. StoneCo accounts for 3.6% of 14B Captial Management LP's investment portfolio, making the stock its 10th largest position. 14B Captial Management LP owned approximately 0.34% of StoneCo worth $8,361,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in STNE. Norges Bank purchased a new stake in shares of StoneCo in the 4th quarter valued at approximately $22,642,000. Atmos Capital Gestao DE Recursos LTDA. grew its stake in shares of StoneCo by 23.0% during the fourth quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 11,623,836 shares of the company's stock worth $92,642,000 after purchasing an additional 2,173,389 shares in the last quarter. SPX Gestao de Recursos Ltda increased its holdings in StoneCo by 3,248.6% in the fourth quarter. SPX Gestao de Recursos Ltda now owns 1,813,588 shares of the company's stock valued at $14,454,000 after buying an additional 1,759,429 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in StoneCo by 327.4% in the third quarter. JPMorgan Chase & Co. now owns 1,580,679 shares of the company's stock valued at $17,798,000 after buying an additional 1,210,817 shares during the last quarter. Finally, Northern Trust Corp raised its stake in StoneCo by 44.9% in the fourth quarter. Northern Trust Corp now owns 3,073,658 shares of the company's stock valued at $24,497,000 after buying an additional 952,039 shares in the last quarter. Hedge funds and other institutional investors own 73.19% of the company's stock.

Analyst Upgrades and Downgrades

STNE has been the topic of several research analyst reports. Barclays raised their target price on StoneCo from $12.00 to $13.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 23rd. Citigroup upgraded shares of StoneCo from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $9.00 to $15.00 in a research report on Tuesday, April 22nd. The Goldman Sachs Group dropped their target price on shares of StoneCo from $16.00 to $14.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Morgan Stanley lifted their price target on shares of StoneCo from $5.70 to $6.00 and gave the stock an "underweight" rating in a research note on Friday, March 21st. Finally, Wells Fargo & Company upgraded shares of StoneCo from an "equal weight" rating to an "overweight" rating in a research note on Wednesday, March 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, StoneCo has an average rating of "Moderate Buy" and a consensus target price of $15.38.

StoneCo Stock Performance

Shares of NASDAQ:STNE traded down $0.12 on Wednesday, reaching $13.19. The company's stock had a trading volume of 1,275,680 shares, compared to its average volume of 5,702,737. StoneCo Ltd. has a 52-week low of $7.72 and a 52-week high of $17.03. The stock has a market capitalization of $3.77 billion, a P/E ratio of 10.32, a PEG ratio of 0.41 and a beta of 2.01. The stock's 50-day moving average is $11.30 and its two-hundred day moving average is $10.10. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42.

StoneCo (NASDAQ:STNE - Get Free Report) last posted its quarterly earnings data on Tuesday, March 18th. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.07. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. The company had revenue of $582.20 million during the quarter, compared to analysts' expectations of $3.59 billion. As a group, sell-side analysts forecast that StoneCo Ltd. will post 1.16 EPS 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.