StoneCo Ltd. (NASDAQ:STNE) Shares Sold by Azora Capital LP

Azora Capital LP cut its holdings in shares of StoneCo Ltd. (NASDAQ:STNE) by 46.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 550,187 shares of the company’s stock after selling 469,950 shares during the period. Azora Capital LP owned approximately 0.18% of StoneCo worth $6,195,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Lazard Asset Management LLC purchased a new position in StoneCo during the first quarter worth approximately $41,000. Central Bank & Trust Co. purchased a new position in shares of StoneCo during the 2nd quarter valued at approximately $40,000. Y.D. More Investments Ltd grew its stake in StoneCo by 90.2% in the 2nd quarter. Y.D. More Investments Ltd now owns 4,798 shares of the company’s stock valued at $58,000 after acquiring an additional 2,275 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in StoneCo in the 3rd quarter worth $125,000. Finally, Point72 Hong Kong Ltd purchased a new stake in StoneCo in the 2nd quarter worth $135,000. Hedge funds and other institutional investors own 73.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on STNE. Cantor Fitzgerald raised shares of StoneCo to a “strong-buy” rating in a report on Thursday, October 3rd. Barclays decreased their price target on shares of StoneCo from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Monday, November 18th. Susquehanna cut their price objective on StoneCo from $22.00 to $19.00 and set a “positive” rating for the company in a research note on Wednesday, November 13th. Morgan Stanley restated an “underweight” rating and issued a $7.00 target price (down previously from $16.50) on shares of StoneCo in a research report on Thursday, September 5th. Finally, UBS Group lifted their price target on StoneCo from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $16.89.

StoneCo Price Performance

NASDAQ:STNE opened at $9.48 on Monday. StoneCo Ltd. has a one year low of $9.06 and a one year high of $19.46. The stock has a market cap of $2.93 billion, a PE ratio of 7.41, a P/E/G ratio of 0.33 and a beta of 2.29. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a 50 day moving average price of $10.87 and a 200 day moving average price of $12.27.

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.