StoneCo Ltd. (NASDAQ:STNE) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd reduced its stake in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 47.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,425 shares of the company's stock after selling 56,191 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in StoneCo were worth $1,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of STNE. McGlone Suttner Wealth Management Inc. bought a new stake in shares of StoneCo in the 4th quarter worth about $26,000. USA Financial Formulas bought a new stake in shares of StoneCo in the 4th quarter valued at approximately $26,000. Headlands Technologies LLC purchased a new position in shares of StoneCo in the 4th quarter worth approximately $56,000. Tucker Asset Management LLC purchased a new position in shares of StoneCo in the 3rd quarter worth approximately $60,000. Finally, Signaturefd LLC increased its position in shares of StoneCo by 45.5% during the 4th quarter. Signaturefd LLC now owns 7,149 shares of the company's stock valued at $129,000 after purchasing an additional 2,235 shares during the last quarter. Hedge funds and other institutional investors own 73.19% of the company's stock.

StoneCo Stock Up 2.2 %

NASDAQ:STNE traded up $0.32 during trading hours on Tuesday, reaching $15.17. The company's stock had a trading volume of 6,521,533 shares, compared to its average volume of 5,208,686. The stock has a 50 day moving average price of $16.22 and a two-hundred day moving average price of $16.31. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market capitalization of $4.77 billion, a P/E ratio of 13.67, a price-to-earnings-growth ratio of 0.53 and a beta of 2.39. StoneCo Ltd. has a 12 month low of $9.34 and a 12 month high of $19.46.

StoneCo (NASDAQ:STNE - Get Free Report) last released its quarterly earnings results on Monday, March 18th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.32 by $0.04. StoneCo had a return on equity of 12.35% and a net margin of 14.08%. The firm had revenue of $655.87 million during the quarter, compared to analyst estimates of $468.47 million. Equities analysts predict that StoneCo Ltd. will post 1.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on STNE shares. Citigroup increased their target price on shares of StoneCo from $19.00 to $20.00 and gave the company a "buy" rating in a research note on Wednesday, March 20th. The Goldman Sachs Group raised StoneCo from a "neutral" rating to a "buy" rating and upped their target price for the company from $12.00 to $21.00 in a research note on Monday, January 22nd. Barclays decreased their price target on StoneCo from $17.00 to $16.00 and set an "equal weight" rating for the company in a research note on Monday. UBS Group downgraded StoneCo from a "buy" rating to a "neutral" rating and upped their price objective for the company from $18.00 to $21.00 in a research report on Thursday, February 1st. Finally, Susquehanna decreased their target price on StoneCo from $23.00 to $22.00 and set a "positive" rating for the company in a research report on Friday, April 19th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.90.

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.