StoneCo Ltd. (NASDAQ:STNE) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC increased its position in StoneCo Ltd. (NASDAQ:STNE) by 29.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,633 shares of the company’s stock after buying an additional 4,446 shares during the quarter. Sanctuary Advisors LLC’s holdings in StoneCo were worth $156,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in STNE. Newbridge Financial Services Group Inc. lifted its position in shares of StoneCo by 166.7% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company’s stock valued at $51,000 after acquiring an additional 4,000 shares during the last quarter. KBC Group NV acquired a new position in StoneCo in the 4th quarter worth approximately $73,000. Covestor Ltd lifted its stake in StoneCo by 40.9% in the 3rd quarter. Covestor Ltd now owns 13,350 shares of the company’s stock worth $150,000 after acquiring an additional 3,878 shares in the last quarter. XTX Topco Ltd acquired a new stake in StoneCo during the 3rd quarter worth about $167,000. Finally, Tempus Wealth Planning LLC purchased a new position in StoneCo during the 4th quarter valued at about $124,000. Institutional investors own 73.19% of the company’s stock.

StoneCo Price Performance

Shares of NASDAQ:STNE opened at $9.28 on Thursday. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 7.25, a PEG ratio of 0.41 and a beta of 2.33. The business has a 50 day moving average price of $8.88 and a 200 day moving average price of $10.27. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47. StoneCo Ltd. has a twelve month low of $7.72 and a twelve month high of $17.93.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on STNE. The Goldman Sachs Group cut their target price on shares of StoneCo from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Barclays cut their price target on shares of StoneCo from $12.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Susquehanna decreased 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. Citigroup reissued 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. Finally, JPMorgan Chase & Co. reduced their target price on StoneCo from $21.00 to $15.00 and set an “overweight” rating for the company in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.38.

About StoneCo

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.