Sharp Capital Gestora de Recursos Ltda. Has $23.58 Million Holdings in StoneCo Ltd. (NASDAQ:STNE)

Sharp Capital Gestora de Recursos Ltda. reduced its position in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 19.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,958,095 shares of the company's stock after selling 736,257 shares during the quarter. StoneCo comprises approximately 58.1% of Sharp Capital Gestora de Recursos Ltda.'s portfolio, making the stock its biggest position. Sharp Capital Gestora de Recursos Ltda. owned approximately 0.96% of StoneCo worth $23,576,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Jones Financial Companies Lllp increased its position in shares of StoneCo by 254.7% in 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 increased its position in shares of StoneCo by 627.0% in 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. increased its position in shares of StoneCo by 166.7% in 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 in the fourth quarter valued at $56,000. Finally, Skandinaviska Enskilda Banken AB publ increased its position in shares of StoneCo by 31.6% in 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 owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on STNE. The Goldman Sachs Group dropped their price target on StoneCo from $16.00 to $14.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Barclays increased their price objective on StoneCo from $13.00 to $15.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Morgan Stanley increased their price objective on StoneCo from $5.70 to $6.00 and gave the company an "underweight" rating in a research note on Friday, March 21st. Citigroup raised StoneCo from a "neutral" rating to a "buy" rating and raised their price target for the stock from $9.00 to $15.00 in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company raised StoneCo from an "equal weight" rating to an "overweight" rating in a research note on Wednesday, March 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $15.63.

StoneCo Stock Down 0.4%

Shares of STNE traded down $0.06 during trading on Tuesday, reaching $13.36. The company's stock had a trading volume of 3,952,699 shares, compared to its average volume of 5,731,979. The company has a fifty day moving average of $12.07 and a two-hundred day moving average of $10.23. StoneCo Ltd. has a twelve month low of $7.72 and a twelve month high of $15.23. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 10.44, a P/E/G ratio of 0.41 and a beta of 2.01. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47.

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, beating analysts' consensus estimates of $0.32 by $0.02. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. The company had revenue of $625.86 million for the quarter, compared to analyst estimates of $3.68 billion. On average, sell-side analysts predict that StoneCo Ltd. will post 1.16 EPS for the current fiscal year.

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.