StoneCo Ltd. (NASDAQ:STNE) Shares Sold by Polunin Capital Partners Ltd

Polunin Capital Partners Ltd trimmed its stake in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 1.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,472,288 shares of the company's stock after selling 61,978 shares during the quarter. StoneCo makes up 6.1% of Polunin Capital Partners Ltd's holdings, making the stock its 5th largest holding. Polunin Capital Partners Ltd owned about 1.12% of StoneCo worth $36,216,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp grew its holdings in shares of StoneCo by 254.7% during the fourth quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company's stock valued at $34,000 after buying an additional 3,056 shares in the last quarter. Sterling Capital Management LLC grew its holdings in shares of StoneCo by 627.0% during the fourth quarter. Sterling Capital Management LLC now owns 4,551 shares of the company's stock valued at $36,000 after buying an additional 3,925 shares in the last quarter. Newbridge Financial Services Group Inc. grew its holdings in shares of StoneCo by 166.7% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company's stock valued at $51,000 after buying an additional 4,000 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of StoneCo during the fourth quarter valued at $56,000. Finally, Skandinaviska Enskilda Banken AB publ grew its holdings in shares of StoneCo by 31.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 7,500 shares of the company's stock valued at $59,000 after buying an additional 1,800 shares in the last quarter. 73.19% of the stock is currently owned by institutional investors and hedge funds.

StoneCo Price Performance

NASDAQ STNE traded up $0.04 during midday trading on Thursday, hitting $13.87. The company had a trading volume of 1,792,292 shares, compared to its average volume of 5,756,646. The firm has a 50-day moving average price of $12.73 and a 200-day moving average price of $10.45. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.47. StoneCo Ltd. has a twelve month low of $7.72 and a twelve month high of $15.08. The company has a market capitalization of $3.97 billion, a PE ratio of 10.84, a P/E/G ratio of 0.41 and a beta of 2.01.

StoneCo (NASDAQ:STNE - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. The business had revenue of $625.86 million during the quarter, compared to analyst estimates of $3.68 billion. As a group, analysts anticipate that StoneCo Ltd. will post 1.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on STNE. Santander upgraded StoneCo from a "neutral" rating to an "outperform" rating in a report on Wednesday, May 21st. Wall Street Zen raised StoneCo from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Barclays upped their price target on StoneCo from $13.00 to $15.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Wells Fargo & Company upgraded StoneCo from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, March 19th. Finally, The Goldman Sachs Group decreased their price target on StoneCo from $16.00 to $14.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $15.63.

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.