StoneCo Ltd. (NASDAQ:STNE) Shares Sold by Tandem Capital Management Corp ADV

Tandem Capital Management Corp ADV lowered its holdings in StoneCo Ltd. (NASDAQ:STNE) by 3.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,002 shares of the company’s stock after selling 1,330 shares during the period. Tandem Capital Management Corp ADV’s holdings in StoneCo were worth $295,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in STNE. The Manufacturers Life Insurance Company grew its holdings in shares of StoneCo by 1.5% in the second quarter. The Manufacturers Life Insurance Company now owns 123,275 shares of the company’s stock valued at $1,478,000 after purchasing an additional 1,848 shares in the last quarter. SG Americas Securities LLC grew its holdings in StoneCo by 233.7% during the 3rd quarter. SG Americas Securities LLC now owns 117,093 shares of the company’s stock worth $1,318,000 after acquiring an additional 82,003 shares in the last quarter. Constellation Investimentos e Participacoes Ltda grew its holdings in StoneCo by 30.0% during the 3rd quarter. Constellation Investimentos e Participacoes Ltda now owns 3,047,576 shares of the company’s stock worth $34,316,000 after acquiring an additional 703,249 shares in the last quarter. Jessup Wealth Management Inc acquired a new position in StoneCo during the 3rd quarter worth approximately $773,000. Finally, Creative Planning grew its holdings in StoneCo by 224.9% during the 3rd quarter. Creative Planning now owns 65,321 shares of the company’s stock worth $736,000 after acquiring an additional 45,218 shares in the last quarter. Institutional investors and hedge funds own 73.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Barclays lowered 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, January 29th. Citigroup reiterated a “neutral” rating and set a $9.00 price target (down previously from $19.00) on shares of StoneCo in a report on Thursday, January 16th. JPMorgan Chase & Co. lowered their price target on shares of StoneCo from $21.00 to $15.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Finally, Susquehanna lowered their price target on shares of StoneCo from $22.00 to $19.00 and set a “positive” rating for the company in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $14.50.

StoneCo Stock Down 3.1 %

Shares of NASDAQ:STNE opened at $8.89 on Tuesday. The firm has a 50 day simple moving average of $8.71 and a 200-day simple moving average of $10.79. StoneCo Ltd. has a twelve month low of $7.72 and a twelve month high of $19.46. The company has a market capitalization of $2.75 billion, a PE ratio of 6.95, a P/E/G ratio of 0.37 and a beta of 2.25. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.47.

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.