Trexquant Investment LP Sells 451,320 Shares of StoneCo Ltd. $STNE

Key Points

• Trexquant Investment LP has reduced its stake in StoneCo Ltd. by 58.2%, selling 451,320 shares and now holding 323,810 shares valued at approximately $3.39 million.
• Several institutional investors, including GAMMA Investing LLC and CWM LLC, increased their holdings in StoneCo, contributing to a total of 73.19% of the company's stock owned by institutional investors.
• Analysts have mixed opinions on StoneCo's performance, with Zacks Research upgrading the stock to a "strong-buy" rating, while other firms set target prices ranging from $15.00 to $20.00.

Trexquant Investment LP cut its stake in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 58.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 323,810 shares of the company's stock after selling 451,320 shares during the period. Trexquant Investment LP owned 0.11% of StoneCo worth $3,394,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Signaturefd LLC raised its stake in shares of StoneCo by 13.6% during the 1st quarter. Signaturefd LLC now owns 7,708 shares of the company's stock worth $81,000 after purchasing an additional 924 shares in the last quarter. Xponance Inc. increased its position in StoneCo by 4.7% in the 1st quarter. Xponance Inc. now owns 21,762 shares of the company's stock worth $228,000 after buying an additional 981 shares during the period. PNC Financial Services Group Inc. increased its position in StoneCo by 18.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,473 shares of the company's stock worth $89,000 after buying an additional 1,317 shares during the period. CWM LLC increased its position in StoneCo by 327.4% in the 1st quarter. CWM LLC now owns 3,154 shares of the company's stock worth $33,000 after buying an additional 2,416 shares during the period. Finally, Harbor Capital Advisors Inc. increased its position in StoneCo by 143.0% in the 1st quarter. Harbor Capital Advisors Inc. now owns 4,614 shares of the company's stock worth $48,000 after buying an additional 2,715 shares during the period. 73.19% of the stock is owned by institutional investors and hedge funds.

StoneCo Price Performance

STNE traded up $0.79 during trading on Friday, hitting $17.30. The company's stock had a trading volume of 5,286,094 shares, compared to its average volume of 4,556,110. The firm's 50 day moving average price is $14.98 and its two-hundred day moving average price is $13.20. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.76. StoneCo Ltd. has a 12 month low of $7.72 and a 12 month high of $17.44. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of -24.71, a price-to-earnings-growth ratio of 0.44 and a beta of 1.91.

StoneCo (NASDAQ:STNE - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03. StoneCo had a positive return on equity of 18.71% and a negative net margin of 8.37%.The firm had revenue of $643.82 million during the quarter, compared to the consensus estimate of $3.78 billion. Sell-side analysts forecast that StoneCo Ltd. will post 1.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Barclays lifted their price objective on StoneCo from $13.00 to $15.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Zacks Research raised StoneCo to a "strong-buy" rating in a report on Tuesday, August 12th. Santander raised StoneCo from a "neutral" rating to an "outperform" rating in a report on Wednesday, May 21st. JPMorgan Chase & Co. lifted their price objective on StoneCo from $15.50 to $18.50 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Finally, Wall Street Zen lowered StoneCo from a "buy" rating to a "hold" rating in a report on Friday, June 6th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $15.36.

About StoneCo

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.