RBF Capital LLC Sells 152,385 Shares of StoneCo Ltd. (NASDAQ:STNE)

RBF Capital LLC decreased its position in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 71.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 60,500 shares of the company's stock after selling 152,385 shares during the period. RBF Capital LLC's holdings in StoneCo were worth $482,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in STNE. Norges Bank bought a new position in shares of StoneCo in the fourth quarter worth approximately $22,642,000. Atmos Capital Gestao DE Recursos LTDA. lifted its stake in StoneCo by 23.0% in the fourth quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 11,623,836 shares of the company's stock worth $92,642,000 after acquiring an additional 2,173,389 shares during the period. SPX Gestao de Recursos Ltda lifted its stake in StoneCo by 3,248.6% in the fourth quarter. SPX Gestao de Recursos Ltda now owns 1,813,588 shares of the company's stock worth $14,454,000 after acquiring an additional 1,759,429 shares during the period. JPMorgan Chase & Co. lifted its stake in StoneCo by 327.4% in the third quarter. JPMorgan Chase & Co. now owns 1,580,679 shares of the company's stock worth $17,798,000 after acquiring an additional 1,210,817 shares during the period. Finally, Trexquant Investment LP purchased a new stake in StoneCo in the fourth quarter worth $6,178,000. Institutional investors own 73.19% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on STNE. Barclays raised their price target on StoneCo from $12.00 to $13.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 23rd. Morgan Stanley raised their price target on StoneCo from $5.70 to $6.00 and gave the stock an "underweight" rating in a research note on Friday, March 21st. Wells Fargo & Company raised StoneCo from an "equal weight" rating to an "overweight" rating in a research note on Wednesday, March 19th. The Goldman Sachs Group lowered their price objective on StoneCo from $16.00 to $14.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Finally, Citigroup raised StoneCo from a "neutral" rating to a "buy" rating and raised their price objective for the company from $9.00 to $15.00 in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $15.38.

StoneCo Stock Up 0.3 %

Shares of STNE traded up $0.05 during trading hours on Tuesday, hitting $14.28. The company had a trading volume of 1,477,142 shares, compared to its average volume of 5,686,537. StoneCo Ltd. has a 52-week low of $7.72 and a 52-week high of $17.09. The firm has a fifty day moving average price of $10.81 and a 200-day moving average price of $9.98. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of 11.14, a P/E/G ratio of 0.41 and a beta of 2.05. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.42 and a current ratio of 1.42.

StoneCo (NASDAQ:STNE - Get Free Report) last released its quarterly earnings data on Tuesday, March 18th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.32 by $0.07. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. The company had revenue of $582.20 million during the quarter, compared to the consensus estimate of $3.59 billion. On average, equities research analysts forecast that StoneCo Ltd. will post 1.16 EPS for the current fiscal year.

StoneCo 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.