Paradiem LLC Sells 125,130 Shares of StoneCo Ltd. (NASDAQ:STNE)

Paradiem LLC reduced its holdings in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 38.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 198,008 shares of the company's stock after selling 125,130 shares during the quarter. Paradiem LLC owned 0.06% of StoneCo worth $3,570,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. bought a new stake in shares of StoneCo in the fourth quarter worth about $26,000. Headlands Technologies LLC bought a new position in shares of StoneCo during the fourth quarter worth about $56,000. Tucker Asset Management LLC bought a new position in shares of StoneCo during the third quarter worth about $60,000. Itau Unibanco Holding S.A. bought a new position in shares of StoneCo during the third quarter worth about $101,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of StoneCo by 42.4% during the third quarter. PNC Financial Services Group Inc. now owns 9,869 shares of the company's stock worth $105,000 after buying an additional 2,940 shares in the last quarter. 73.19% of the stock is currently owned by institutional investors.

StoneCo Price Performance

StoneCo stock traded up $0.78 during mid-day trading on Friday, reaching $16.35. 6,294,173 shares of the company were exchanged, compared to its average volume of 4,732,987. The company has a fifty day simple moving average of $16.50 and a 200-day simple moving average of $15.60. StoneCo Ltd. has a 12 month low of $9.34 and a 12 month high of $19.46. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market cap of $5.14 billion, a PE ratio of 16.19, a PEG ratio of 0.60 and a beta of 2.34.

StoneCo (NASDAQ:STNE - Get Free Report) last posted its quarterly earnings data on Monday, March 18th. The company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.04. StoneCo had a return on equity of 11.23% and a net margin of 13.35%. The firm had revenue of $655.87 million for the quarter, compared to analyst estimates of $468.47 million. As a group, equities research analysts expect that StoneCo Ltd. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

STNE has been the subject of a number of research reports. Barclays increased their price objective on StoneCo from $14.00 to $17.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 16th. UBS Group cut StoneCo from a "buy" rating to a "neutral" rating and raised their price objective for the company from $18.00 to $21.00 in a research report on Thursday, February 1st. The Goldman Sachs Group raised StoneCo from a "neutral" rating to a "buy" rating and raised their price objective for the company from $12.00 to $21.00 in a research report on Monday, January 22nd. Citigroup lifted their price target on StoneCo from $19.00 to $20.00 and gave the stock a "buy" rating in a report on Wednesday, March 20th. Finally, Susquehanna dropped their price target on StoneCo from $23.00 to $22.00 and set a "positive" rating for the company in a report on Friday, April 19th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $19.00.

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.