Cambridge Investment Research Advisors Inc. Sells 49,136 Shares of StoneCo Ltd. (NASDAQ:STNE)

Cambridge Investment Research Advisors Inc. trimmed its holdings in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 80.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,764 shares of the company's stock after selling 49,136 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in StoneCo were worth $123,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans lifted its stake in StoneCo by 6.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 21,082 shares of the company's stock valued at $168,000 after acquiring an additional 1,205 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its stake in StoneCo by 31.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 7,500 shares of the company's stock valued at $59,000 after acquiring an additional 1,800 shares during the last quarter. Aviva PLC lifted its stake in StoneCo by 1.1% in the fourth quarter. Aviva PLC now owns 176,900 shares of the company's stock valued at $1,410,000 after acquiring an additional 2,000 shares during the last quarter. Xponance Inc. lifted its stake in StoneCo by 10.9% in the fourth quarter. Xponance Inc. now owns 20,781 shares of the company's stock valued at $166,000 after acquiring an additional 2,044 shares during the last quarter. Finally, Prudential PLC lifted its stake in StoneCo by 21.4% in the fourth quarter. Prudential PLC now owns 15,051 shares of the company's stock valued at $120,000 after acquiring an additional 2,656 shares during the last quarter. Institutional investors own 73.19% of the company's stock.

StoneCo Stock Performance

StoneCo stock traded up $0.11 during midday trading on Wednesday, hitting $14.98. The company's stock had a trading volume of 4,597,670 shares, compared to its average volume of 5,813,401. StoneCo Ltd. has a 1-year low of $7.72 and a 1-year high of $16.68. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.39 and a quick ratio of 1.39. The company has a 50-day moving average price of $14.48 and a two-hundred day moving average price of $11.69. The company has a market cap of $4.28 billion, a price-to-earnings ratio of -19.20, a PEG ratio of 0.41 and a beta of 1.94.

StoneCo (NASDAQ:STNE - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. StoneCo had a negative net margin of 8.90% and a positive return on equity of 16.65%. The firm had revenue of $625.86 million for the quarter, compared to analyst estimates of $3.68 billion. As a group, sell-side analysts predict that StoneCo Ltd. will post 1.16 earnings per share for the current year.

Analysts Set New Price Targets

STNE has been the subject of a number of recent analyst reports. Citigroup upgraded shares of StoneCo from a "neutral" rating to a "buy" rating and increased their price target for the company from $9.00 to $15.00 in a research note on Tuesday, April 22nd. Morgan Stanley raised their target price 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. Barclays raised their target price 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. Wells Fargo & Company upgraded shares of StoneCo from an "equal weight" rating to an "overweight" rating in a research note on Wednesday, March 19th. Finally, Santander upgraded shares of StoneCo from a "neutral" rating to an "outperform" rating in a research note on Wednesday, May 21st. One equities 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $15.07.

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.