Custom Index Systems LLC Decreases Stock Holdings in StoneCo Ltd. (NASDAQ:STNE)

Custom Index Systems LLC lessened its stake in StoneCo Ltd. (NASDAQ:STNE) by 13.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,249 shares of the company’s stock after selling 2,870 shares during the period. Custom Index Systems LLC’s holdings in StoneCo were worth $145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its position in shares of StoneCo by 1.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 123,275 shares of the company’s stock worth $1,478,000 after buying an additional 1,848 shares during the last quarter. SG Americas Securities LLC grew its holdings in StoneCo by 233.7% in the third quarter. SG Americas Securities LLC now owns 117,093 shares of the company’s stock worth $1,318,000 after purchasing an additional 82,003 shares during the last quarter. Constellation Investimentos e Participacoes Ltda increased its position in shares of StoneCo by 30.0% during the third quarter. Constellation Investimentos e Participacoes Ltda now owns 3,047,576 shares of the company’s stock worth $34,316,000 after purchasing an additional 703,249 shares in the last quarter. Jessup Wealth Management Inc purchased a new stake in shares of StoneCo during the 3rd quarter valued at $773,000. Finally, Creative Planning boosted its position in shares of StoneCo by 224.9% in the 3rd quarter. Creative Planning now owns 65,321 shares of the company’s stock worth $736,000 after purchasing an additional 45,218 shares in the last quarter. 73.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Citigroup reaffirmed a “neutral” rating and issued a $9.00 price objective (down from $19.00) on shares of StoneCo in a research report on Thursday, January 16th. Susquehanna dropped their target price on shares of StoneCo from $22.00 to $19.00 and set a “positive” rating on the stock in a research report on Wednesday, November 13th. Finally, Barclays decreased their price target on shares of StoneCo from $12.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, StoneCo presently has an average rating of “Moderate Buy” and an average price target of $14.50.

StoneCo Trading Down 3.6 %

Shares of StoneCo stock opened at $9.17 on Friday. The stock has a market cap of $2.83 billion, a PE ratio of 7.16, a price-to-earnings-growth ratio of 0.36 and a beta of 2.23. The firm has a fifty day moving average price of $8.75 and a 200 day moving average price of $10.84. StoneCo Ltd. has a 1 year low of $7.72 and a 1 year high of $19.46. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42.

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.