Nisa Investment Advisors LLC Decreases Holdings in StoneCo Ltd. (NASDAQ:STNE)

Nisa Investment Advisors LLC lessened its stake in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 32.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,739 shares of the company's stock after selling 32,300 shares during the period. Nisa Investment Advisors LLC's holdings in StoneCo were worth $720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Harbor Capital Advisors Inc. grew its position in shares of StoneCo by 143.0% in the first quarter. Harbor Capital Advisors Inc. now owns 4,614 shares of the company's stock valued at $48,000 after purchasing an additional 2,715 shares during the last quarter. JPMorgan Chase & Co. boosted its position in StoneCo by 7.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,696,729 shares of the company's stock worth $13,523,000 after acquiring an additional 116,050 shares during the last quarter. HighTower Advisors LLC acquired a new stake in StoneCo during the fourth quarter worth approximately $312,000. SG Americas Securities LLC acquired a new stake in StoneCo during the first quarter worth approximately $597,000. Finally, GAMMA Investing LLC boosted its position in StoneCo by 1,486.3% during the first quarter. GAMMA Investing LLC now owns 2,903 shares of the company's stock worth $30,000 after acquiring an additional 2,720 shares during the last quarter. Institutional investors and hedge funds own 73.19% of the company's stock.

StoneCo Stock Performance

Shares of StoneCo stock traded down $1.24 during trading on Friday, reaching $13.67. The company's stock had a trading volume of 7,395,635 shares, compared to its average volume of 5,823,051. The business's 50-day moving average price is $14.51 and its 200-day moving average price is $11.77. The firm has a market cap of $3.91 billion, a PE ratio of -17.53, a P/E/G ratio of 0.39 and a beta of 1.94. StoneCo Ltd. has a 52 week low of $7.72 and a 52 week high of $16.68. 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 (NASDAQ:STNE - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. The business 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%. Equities analysts forecast that StoneCo Ltd. will post 1.16 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Citigroup raised shares of StoneCo from a "neutral" rating to a "buy" rating and raised their target price for the company from $9.00 to $15.00 in a research note on Tuesday, April 22nd. Santander raised shares of StoneCo from a "neutral" rating to an "outperform" rating in a research note on Wednesday, May 21st. 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. JPMorgan Chase & Co. boosted their target price on shares of StoneCo from $15.50 to $18.50 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, Wall Street Zen downgraded shares of StoneCo from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, StoneCo has an average rating of "Moderate Buy" and an average target price of $15.07.

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.