StoneCo Ltd. (NASDAQ:STNE) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. cut its stake in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 79.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,449 shares of the company's stock after selling 36,120 shares during the period. Asset Management One Co. Ltd.'s holdings in StoneCo were worth $99,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Squadra Investments Gestao DE Recursos LTDA. raised its holdings in shares of StoneCo by 46.8% during the fourth quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 13,951,183 shares of the company's stock valued at $111,191,000 after acquiring an additional 4,446,709 shares in the last quarter. Norges Bank bought a new stake in StoneCo during the 4th quarter valued at about $22,642,000. Point72 Asset Management L.P. raised its holdings in StoneCo by 22.2% in the 4th quarter. Point72 Asset Management L.P. now owns 13,956,554 shares of the company's stock worth $111,234,000 after acquiring an additional 2,534,079 shares during the last quarter. Atmos Capital Gestao DE Recursos LTDA. increased its holdings in StoneCo by 23.0% in the 4th quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 11,623,836 shares of the company's stock worth $92,642,000 after buying an additional 2,173,389 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in shares of StoneCo by 40.3% during the fourth quarter. Nuveen Asset Management LLC now owns 6,993,611 shares of the company's stock valued at $55,739,000 after purchasing an additional 2,008,710 shares during the last quarter. 73.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on STNE shares. Citigroup upgraded shares of StoneCo from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $9.00 to $15.00 in a research note on Tuesday, April 22nd. Santander upgraded shares of StoneCo from a "neutral" rating to an "outperform" rating in a research note on Wednesday, May 21st. Wall Street Zen lowered shares of StoneCo from a "buy" rating to a "hold" rating in a report on Friday, June 6th. Barclays lifted their price objective on shares of StoneCo from $13.00 to $15.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. Finally, Morgan Stanley lifted their target price on StoneCo from $5.70 to $6.00 and gave the stock an "underweight" rating in a research report on Friday, March 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $14.57.

StoneCo Stock Up 0.8%

NASDAQ STNE traded up $0.13 during trading hours on Thursday, hitting $16.13. 2,086,540 shares of the company were exchanged, compared to its average volume of 5,809,521. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.74. StoneCo Ltd. has a 52-week low of $7.72 and a 52-week high of $16.32. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of -20.68, a PEG ratio of 0.44 and a beta of 1.94. The company has a 50 day moving average of $14.13 and a two-hundred day moving average of $11.22.

StoneCo (NASDAQ:STNE - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.02. The company had revenue of $625.86 million during the quarter, compared to analysts' expectations of $3.68 billion. StoneCo had a positive return on equity of 16.65% and a negative net margin of 8.90%. Equities research analysts anticipate that StoneCo Ltd. will post 1.16 earnings per share 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.