StoneCo Ltd. $STNE Holdings Trimmed by Polunin Capital Partners Ltd

Polunin Capital Partners Ltd trimmed its position in StoneCo Ltd. (NASDAQ:STNE) by 3.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 3,359,188 shares of the company’s stock after selling 105,100 shares during the period. StoneCo comprises 8.9% of Polunin Capital Partners Ltd’s investment portfolio, making the stock its 3rd biggest position. Polunin Capital Partners Ltd’s holdings in StoneCo were worth $60,365,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of STNE. Corient Private Wealth LLC purchased a new stake in shares of StoneCo during the second quarter valued at approximately $181,000. Osaic Holdings Inc. grew its stake in StoneCo by 77.8% in the 2nd quarter. Osaic Holdings Inc. now owns 9,653 shares of the company’s stock valued at $154,000 after purchasing an additional 4,223 shares during the period. Thrivent Financial for Lutherans purchased a new stake in shares of StoneCo during the 2nd quarter valued at $530,000. Neuberger Berman Group LLC raised its stake in shares of StoneCo by 6.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 18,399 shares of the company’s stock worth $295,000 after purchasing an additional 1,140 shares during the period. Finally, Hudson Bay Capital Management LP purchased a new position in shares of StoneCo in the 2nd quarter worth about $1,533,000. Institutional investors own 73.19% of the company’s stock.

Wall Street Analyst Weigh In

STNE has been the subject of a number of research analyst reports. Bank of America lifted their price objective on shares of StoneCo from $15.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, September 9th. UBS Group upped their price objective on StoneCo from $15.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Weiss Ratings reissued a “sell (d+)” rating on shares of StoneCo in a report on Wednesday, October 8th. Wall Street Zen downgraded StoneCo from a “buy” rating to a “hold” rating in a research report on Monday, October 27th. Finally, The Goldman Sachs Group upped their price target on StoneCo from $19.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.21.

StoneCo Price Performance

Shares of NASDAQ STNE opened at $14.67 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.43 and a current ratio of 1.43. StoneCo Ltd. has a fifty-two week low of $7.72 and a fifty-two week high of $19.95. The stock has a market cap of $4.20 billion, a PE ratio of -27.17, a price-to-earnings-growth ratio of 0.29 and a beta of 1.85. The stock has a fifty day moving average of $17.00 and a 200-day moving average of $16.16.

StoneCo (NASDAQ:STNE) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.43. The business had revenue of $669.49 million for the quarter, compared to analysts’ expectations of $669.81 million. StoneCo had a positive return on equity of 20.18% and a negative net margin of 7.28%. Equities research analysts anticipate that StoneCo Ltd. will post 1.16 earnings per share for the current 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.