StoneCo Ltd. (NASDAQ:STNE) Shares Sold by Boothbay Fund Management LLC

Boothbay Fund Management LLC lowered its position in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 71.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,894 shares of the company's stock after selling 27,169 shares during the period. Boothbay Fund Management LLC's holdings in StoneCo were worth $87,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of STNE. JPMorgan Chase & Co. increased its stake in StoneCo by 327.4% in the third quarter. JPMorgan Chase & Co. now owns 1,580,679 shares of the company's stock worth $17,798,000 after purchasing an additional 1,210,817 shares during the period. Barclays PLC increased its stake in StoneCo by 170.8% in the 3rd quarter. Barclays PLC now owns 440,682 shares of the company's stock worth $4,962,000 after buying an additional 277,963 shares during the period. Commons Capital LLC bought a new stake in StoneCo during the 4th quarter valued at about $383,000. Asset Management One Co. Ltd. boosted its position in StoneCo by 34.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 45,569 shares of the company's stock valued at $373,000 after buying an additional 11,605 shares during the period. Finally, HighTower Advisors LLC bought a new position in StoneCo in the 4th quarter worth about $312,000. Institutional investors own 73.19% of the company's stock.

Analyst Upgrades and Downgrades

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

StoneCo Stock Down 1.1 %

Shares of NASDAQ STNE traded down $0.15 during trading hours on Friday, hitting $13.66. 10,535,692 shares of the stock were exchanged, compared to its average volume of 5,774,659. StoneCo Ltd. has a 12 month low of $7.72 and a 12 month high of $16.94. The firm has a fifty day moving average price of $11.56 and a 200-day moving average price of $10.15. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47. The company has a market cap of $3.91 billion, a PE ratio of 10.67, a PEG ratio of 0.41 and a beta of 2.01.

StoneCo (NASDAQ:STNE - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.05. The business had revenue of $625.86 million for the quarter, compared to the consensus estimate of $3.68 billion. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. On average, sell-side analysts expect that StoneCo Ltd. will post 1.16 EPS for the current year.

About StoneCo

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.