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

Cambridge Investment Research Advisors Inc. lowered its stake in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 80.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Point72 Asset Management L.P. increased its holdings in shares of StoneCo by 22.2% in the fourth quarter. Point72 Asset Management L.P. now owns 13,956,554 shares of the company's stock valued at $111,234,000 after buying an additional 2,534,079 shares in the last quarter. Squadra Investments Gestao DE Recursos LTDA. increased its holdings in shares of StoneCo by 46.8% in 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 buying an additional 4,446,709 shares in the last quarter. Atmos Capital Gestao DE Recursos LTDA. increased its holdings in shares of StoneCo by 23.0% in the fourth quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 11,623,836 shares of the company's stock valued at $92,642,000 after buying an additional 2,173,389 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in shares of StoneCo by 40.3% in the fourth quarter. Nuveen Asset Management LLC now owns 6,993,611 shares of the company's stock valued at $55,739,000 after buying an additional 2,008,710 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of StoneCo by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 5,419,797 shares of the company's stock valued at $43,120,000 after buying an additional 229,453 shares in the last quarter. Institutional investors own 73.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on STNE. Morgan Stanley upped their price target on StoneCo from $5.70 to $6.00 and gave the company an "underweight" rating in a report on Friday, March 21st. Citigroup raised shares of StoneCo from a "neutral" rating to a "buy" rating and boosted their target price for the company from $9.00 to $15.00 in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. boosted their target price on shares of StoneCo from $15.50 to $18.50 and gave the company an "overweight" rating in a research note on Wednesday. Wall Street Zen downgraded shares of StoneCo from a "buy" rating to a "hold" rating in a research note on Friday, June 6th. Finally, Barclays boosted their target price on shares of StoneCo from $13.00 to $15.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $15.07.

StoneCo Stock Down 6.9%

NASDAQ:STNE traded down $1.02 during mid-day trading on Friday, reaching $13.89. The stock had a trading volume of 3,288,738 shares, compared to its average volume of 5,805,530. The business's 50 day moving average is $14.51 and its 200 day moving average is $11.73. StoneCo Ltd. has a fifty-two week low of $7.72 and a fifty-two week high of $16.68. The stock has a market cap of $3.97 billion, a P/E ratio of -17.80, a PEG ratio of 0.41 and a beta of 1.94. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.39 and a quick ratio of 1.39.

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

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.