StoneCo Ltd. (NASDAQ:STNE) Shares Sold by Centiva Capital LP

Centiva Capital LP trimmed its position in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 23.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 67,121 shares of the company's stock after selling 21,123 shares during the period. Centiva Capital LP's holdings in StoneCo were worth $535,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in STNE. Azora Capital LP increased its position in shares of StoneCo by 305.0% in the 4th quarter. Azora Capital LP now owns 2,228,318 shares of the company's stock valued at $17,760,000 after purchasing an additional 1,678,131 shares during the last quarter. Balyasny Asset Management L.P. raised its stake in StoneCo by 105.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 71,111 shares of the company's stock valued at $567,000 after buying an additional 36,456 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in StoneCo by 104.5% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 599,500 shares of the company's stock worth $4,778,000 after buying an additional 306,400 shares during the last quarter. Northern Trust Corp boosted its position in shares of StoneCo by 44.9% during the 4th quarter. Northern Trust Corp now owns 3,073,658 shares of the company's stock worth $24,497,000 after acquiring an additional 952,039 shares in the last quarter. Finally, Two Sigma Securities LLC increased its holdings in shares of StoneCo by 429.5% in the 4th quarter. Two Sigma Securities LLC now owns 24,054 shares of the company's stock valued at $192,000 after acquiring an additional 31,354 shares during the last quarter. Institutional investors and hedge funds own 73.19% of the company's stock.

StoneCo Stock Performance

Shares of STNE stock traded down $0.23 during midday trading on Monday, hitting $13.42. The company had a trading volume of 8,063,220 shares, compared to its average volume of 5,783,814. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 0.41 and a beta of 2.01. 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 company's 50 day simple moving average is $11.64 and its 200 day simple moving average is $10.15. StoneCo Ltd. has a 52-week low of $7.72 and a 52-week high of $16.94.

StoneCo (NASDAQ:STNE - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.05. The firm had revenue of $625.86 million during 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%. Research analysts anticipate that StoneCo Ltd. will post 1.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on STNE shares. The Goldman Sachs Group lowered their price target on StoneCo from $16.00 to $14.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Wells Fargo & Company upgraded shares of StoneCo from an "equal weight" rating to an "overweight" rating in a report on Wednesday, March 19th. 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. Citigroup raised 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. Finally, Barclays boosted their target price on StoneCo from $13.00 to $15.00 and gave the company an "equal weight" rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy 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 $15.63.

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.