Tandem Capital Management Corp ADV Sells 7,900 Shares of StoneCo Ltd. (NASDAQ:STNE)

Tandem Capital Management Corp ADV decreased its position in shares of StoneCo Ltd. (NASDAQ:STNE) by 17.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,332 shares of the company’s stock after selling 7,900 shares during the period. Tandem Capital Management Corp ADV’s holdings in StoneCo were worth $432,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of STNE. Point72 Asset Management L.P. increased its position in StoneCo by 10.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 8,386,945 shares of the company’s stock valued at $100,559,000 after acquiring an additional 779,445 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of StoneCo by 204.1% in the second quarter. Marshall Wace LLP now owns 7,741,662 shares of the company’s stock valued at $92,823,000 after purchasing an additional 5,195,787 shares in the last quarter. Constellation Investimentos e Participacoes Ltda raised its position in StoneCo by 30.0% in the 3rd 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 during the last quarter. Coronation Fund Managers Ltd. lifted its holdings in StoneCo by 16.0% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 2,841,696 shares of the company’s stock worth $34,072,000 after buying an additional 392,958 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in StoneCo by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 2,636,619 shares of the company’s stock valued at $43,794,000 after buying an additional 88,256 shares during the last quarter. Institutional investors own 73.19% of the company’s stock.

Wall Street Analysts Forecast Growth

STNE has been the topic of several recent research reports. UBS Group raised their price target on StoneCo from $17.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Cantor Fitzgerald raised StoneCo to a “strong-buy” rating in a research note on Thursday, October 3rd. Morgan Stanley restated an “underweight” rating and set a $7.00 target price (down from $16.50) on shares of StoneCo in a research report on Thursday, September 5th. Finally, Barclays cut their price target on shares of StoneCo from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $17.70.

StoneCo Trading Down 2.1 %

NASDAQ:STNE opened at $11.27 on Thursday. The company has a market cap of $3.48 billion, a P/E ratio of 10.15, a price-to-earnings-growth ratio of 0.40 and a beta of 2.30. StoneCo Ltd. has a twelve month low of $9.68 and a twelve month high of $19.46. The business has a 50 day moving average price of $11.76 and a two-hundred day moving average price of $13.11. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.41.

StoneCo (NASDAQ:STNE) last issued its quarterly earnings results on Wednesday, August 14th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.04). StoneCo had a net margin of 15.27% and a return on equity of 13.21%. The business had revenue of $615.13 million during the quarter, compared to analyst estimates of $590.74 million. As a group, analysts expect that StoneCo Ltd. will post 1.21 EPS for the current fiscal year.

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.