Inceptionr LLC Sells 15,951 Shares of StoneCo Ltd. (NASDAQ:STNE)

Inceptionr LLC trimmed its holdings in StoneCo Ltd. (NASDAQ:STNE) by 29.7% during the fourth quarter, Holdings Channel reports. The firm owned 37,840 shares of the company’s stock after selling 15,951 shares during the quarter. Inceptionr LLC’s holdings in StoneCo were worth $302,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Asset Management One Co. Ltd. raised its holdings in shares of StoneCo by 681.9% during the third quarter. Asset Management One Co. Ltd. now owns 33,964 shares of the company’s stock valued at $382,000 after purchasing an additional 29,620 shares during the period. Gulf International Bank UK Ltd acquired a new position in StoneCo during the 3rd quarter worth approximately $210,000. Atria Investments Inc boosted its holdings in StoneCo by 19.0% in the third quarter. Atria Investments Inc now owns 20,258 shares of the company’s stock worth $228,000 after acquiring an additional 3,241 shares in the last quarter. Covestor Ltd grew its stake in StoneCo by 40.9% in the third quarter. Covestor Ltd now owns 13,350 shares of the company’s stock valued at $150,000 after acquiring an additional 3,878 shares during the period. Finally, Truxt Investmentos Ltda. bought a new stake in shares of StoneCo during the third quarter valued at approximately $31,695,000. Institutional investors own 73.19% of the company’s stock.

StoneCo Price Performance

StoneCo stock opened at $9.71 on Monday. The business’s 50 day simple moving average is $8.96 and its 200 day simple moving average is $10.16. StoneCo Ltd. has a 12 month low of $7.72 and a 12 month high of $17.93. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 7.59, a PEG ratio of 0.41 and a beta of 2.33. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.47.

Wall Street Analysts Forecast Growth

STNE has been the topic of a number of recent research reports. Citigroup reaffirmed a “neutral” rating and issued a $9.00 price objective (down from $19.00) on shares of StoneCo in a research note on Thursday, January 16th. Barclays dropped their price target on shares of StoneCo from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Susquehanna cut their price target on StoneCo from $22.00 to $19.00 and set a “positive” rating for the company in a research note on Wednesday, November 13th. JPMorgan Chase & Co. lowered their price objective on StoneCo from $21.00 to $15.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Finally, The Goldman Sachs Group dropped their target price on StoneCo from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $14.38.

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.