Sanctuary Advisors LLC Invests $156,000 in StoneCo Ltd. (NASDAQ:STNE)

Sanctuary Advisors LLC acquired a new position in shares of StoneCo Ltd. (NASDAQ:STNE) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 15,187 shares of the company’s stock, valued at approximately $156,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in STNE. Y.D. More Investments Ltd grew its position in StoneCo by 90.2% during the second quarter. Y.D. More Investments Ltd now owns 4,798 shares of the company’s stock valued at $58,000 after acquiring an additional 2,275 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of StoneCo during the 3rd quarter valued at $125,000. Point72 Hong Kong Ltd purchased a new position in StoneCo in the 2nd quarter worth $135,000. nVerses Capital LLC bought a new stake in StoneCo in the second quarter worth $137,000. Finally, Covestor Ltd lifted its stake in StoneCo by 40.9% in the third quarter. Covestor Ltd now owns 13,350 shares of the company’s stock worth $150,000 after purchasing an additional 3,878 shares during the last quarter. 73.19% of the stock is currently owned by hedge funds and other institutional investors.

StoneCo Stock Down 3.8 %

Shares of NASDAQ:STNE opened at $7.88 on Tuesday. The firm has a market capitalization of $2.43 billion, a P/E ratio of 6.16, a P/E/G ratio of 0.35 and a beta of 2.21. The stock has a 50 day moving average price of $9.94 and a 200-day moving average price of $11.52. StoneCo Ltd. has a 52-week low of $7.83 and a 52-week high of $19.46. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.42 and a current ratio of 1.42.

Analyst Ratings Changes

Several research firms have recently commented on STNE. Barclays decreased their price objective on StoneCo from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday, November 18th. Cantor Fitzgerald upgraded shares of StoneCo to a “strong-buy” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. cut their price target on shares of StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Susquehanna lowered their price objective on shares of StoneCo from $22.00 to $19.00 and set a “positive” rating for the company in a research note on Wednesday, November 13th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $7.00 target price (down from $16.50) on shares of StoneCo in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, StoneCo currently has an average rating of “Moderate Buy” and a consensus target price of $16.13.

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.