Fieldview Capital Management LLC Decreases Stock Position in StoneCo Ltd. $STNE

Key Points

• Fieldview Capital cut its stake in StoneCo by 71.1% in Q3, selling 121,128 shares and retaining 49,157 shares valued at about $930,000.
• StoneCo has a market cap of $3.97 billion and a P/E of 9.07; it reported $0.50 EPS (beating $0.48) while revenue missed estimates, and analysts have a consensus rating of Moderate Buy with a $17.50 target.
• Other institutional moves include Assetmark boosting its stake by 773.6% and several small new positions, while hedge funds and institutional investors collectively own about 73.19% of the stock.

Fieldview Capital Management LLC lessened its stake in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 71.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,157 shares of the company's stock after selling 121,128 shares during the period. Fieldview Capital Management LLC's holdings in StoneCo were worth $930,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in STNE. USA Financial Formulas bought a new stake in shares of StoneCo in the third quarter worth about $55,000. Richardson Financial Services Inc. boosted its stake in StoneCo by 64.2% during the third quarter. Richardson Financial Services Inc. now owns 2,943 shares of the company's stock valued at $56,000 after buying an additional 1,151 shares during the last quarter. TD Waterhouse Canada Inc. purchased a new position in StoneCo during the 3rd quarter valued at approximately $55,000. Concord Wealth Partners purchased a new position in StoneCo during the 3rd quarter valued at approximately $60,000. Finally, Assetmark Inc. increased its stake in StoneCo by 773.6% in the 3rd quarter. Assetmark Inc. now owns 3,608 shares of the company's stock worth $68,000 after acquiring an additional 3,195 shares during the last quarter. Hedge funds and other institutional investors own 73.19% of the company's stock.

StoneCo Price Performance

Shares of STNE stock opened at $13.87 on Tuesday. The company has a market capitalization of $3.97 billion, a P/E ratio of 9.07, a P/E/G ratio of 0.23 and a beta of 1.77. The company's 50-day simple moving average is $15.81 and its two-hundred day simple moving average is $16.60. StoneCo Ltd. has a one year low of $8.95 and a one year high of $19.95. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.37 and a quick ratio of 1.43.

StoneCo (NASDAQ:STNE - Get Free Report) last announced its quarterly earnings results on Monday, March 2nd. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. StoneCo had a return on equity of 21.55% and a net margin of 15.38%.The firm had revenue of $675.42 million during the quarter, compared to analyst estimates of $704.26 million. As a group, equities analysts anticipate that StoneCo Ltd. will post 1.16 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on STNE. Weiss Ratings raised shares of StoneCo from a "sell (d+)" rating to a "hold (c)" rating in a report on Thursday. UBS Group dropped their price objective on shares of StoneCo from $20.00 to $19.50 and set a "buy" rating for the company in a research note on Wednesday, January 28th. Santander cut shares of StoneCo from an "outperform" rating to a "neutral" rating in a research report on Thursday, January 29th. Zacks Research raised shares of StoneCo from a "strong sell" rating to a "hold" rating in a report on Tuesday, March 3rd. Finally, The Goldman Sachs Group reduced their price objective on StoneCo from $22.00 to $19.00 and set a "buy" rating on the stock in a research note on Tuesday, January 27th. Seven analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $17.50.

StoneCo Company Profile

StoneCo Ltd., commonly known as Stone, is a Brazilian financial technology company that provides integrated digital payment solutions and related financial services to merchants. Through its cloud-based platform, Stone enables businesses of all sizes to accept a variety of payment methods, including point-of-sale (POS) terminals, mobile card readers and e-commerce gateways. In addition to payment acceptance, the company offers value-added services such as working capital loans, digital banking products and automated billing tools designed to help merchants manage cash flow and streamline operations.

Since its founding in 2012 by André Street and Eduardo Pontes, Stone has focused on serving over half a million merchants across Brazil's retail, restaurant and services sectors.

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