StoneCo Ltd. $STNE Stock Holdings Reduced by 14B Captial Management LP

14B Captial Management LP lowered its stake in shares of StoneCo Ltd. (NASDAQ:STNE) by 34.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 609,000 shares of the company’s stock after selling 322,000 shares during the period. StoneCo comprises 7.2% of 14B Captial Management LP’s portfolio, making the stock its 4th largest holding. 14B Captial Management LP’s holdings in StoneCo were worth $9,007,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Caisse de depot et placement du Quebec raised its position in StoneCo by 137.4% during the fourth quarter. Caisse de depot et placement du Quebec now owns 259,736 shares of the company’s stock worth $3,841,000 after acquiring an additional 150,336 shares during the last quarter. Lazard Asset Management LLC raised its position in StoneCo by 47.0% during the fourth quarter. Lazard Asset Management LLC now owns 83,765 shares of the company’s stock worth $1,239,000 after acquiring an additional 26,779 shares during the last quarter. Amundi raised its position in StoneCo by 2,781.9% during the fourth quarter. Amundi now owns 319,923 shares of the company’s stock worth $4,732,000 after acquiring an additional 308,822 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in StoneCo by 3.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,239,977 shares of the company’s stock worth $33,130,000 after acquiring an additional 75,434 shares during the last quarter. Finally, Quantitative Investment Management LLC acquired a new position in StoneCo during the fourth quarter worth about $347,000. Hedge funds and other institutional investors own 73.19% of the company’s stock.

Insider Activity

In other news, Director Silvio Jose Morais sold 9,000 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $11.29, for a total value of $101,610.00. Following the completion of the sale, the director owned 21,000 shares of the company’s stock, valued at $237,090. This represents a 30.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.25% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on STNE shares. JPMorgan Chase & Co. cut their target price on shares of StoneCo from $20.00 to $16.50 and set an “overweight” rating for the company in a research report on Wednesday, May 27th. Zacks Research upgraded shares of StoneCo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. Weiss Ratings restated a “hold (c)” rating on shares of StoneCo in a research report on Tuesday, June 2nd. Citigroup cut shares of StoneCo from a “buy” rating to a “neutral” rating and cut their target price for the stock from $18.00 to $11.00 in a research report on Friday, May 15th. Finally, UBS Group reduced their price objective on shares of StoneCo from $19.50 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, March 11th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, StoneCo currently has an average rating of “Moderate Buy” and an average target price of $17.58.

StoneCo Stock Performance

Shares of STNE stock opened at $10.77 on Thursday. StoneCo Ltd. has a one year low of $9.45 and a one year high of $19.95. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.33 and a current ratio of 1.33. The company has a 50 day moving average price of $11.90 and a 200 day moving average price of $14.07. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 4.31, a price-to-earnings-growth ratio of 0.20 and a beta of 1.73.

StoneCo (NASDAQ:STNE) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. StoneCo had a net margin of 23.82% and a return on equity of 21.05%. The firm had revenue of $141.16 million during the quarter, compared to analyst estimates of $675.11 million. Sell-side analysts anticipate that StoneCo Ltd. will post 2.31 EPS for the current year.

StoneCo Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Monday, May 4th. Stockholders of record on Friday, April 24th were given a $2.53 dividend. The ex-dividend date of this dividend was Friday, April 24th.

StoneCo Company Profile

StoneCo Ltd., commonly known as Stone, is a Brazilian financial technology company that provides integrated digital payment solutions and related financial services to merchants. Through its cloud-based platform, Stone enables businesses of all sizes to accept a variety of payment methods, including point-of-sale (POS) terminals, mobile card readers and e-commerce gateways. In addition to payment acceptance, the company offers value-added services such as working capital loans, digital banking products and automated billing tools designed to help merchants manage cash flow and streamline operations.

Since its founding in 2012 by André Street and Eduardo Pontes, Stone has focused on serving over half a million merchants across Brazil’s retail, restaurant and services sectors.