Nucleo Capital LTDA. Reduces Position in StoneCo Ltd. (NASDAQ:STNE)

Nucleo Capital LTDA. reduced its stake in shares of StoneCo Ltd. (NASDAQ:STNE) by 5.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,045,727 shares of the company’s stock after selling 212,351 shares during the period. StoneCo comprises approximately 40.4% of Nucleo Capital LTDA.’s portfolio, making the stock its biggest position. Nucleo Capital LTDA. owned about 1.31% of StoneCo worth $48,508,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lazard Asset Management LLC bought a new stake in shares of StoneCo during the 1st quarter worth $41,000. Central Bank & Trust Co. bought a new stake in StoneCo in the second quarter worth about $40,000. Benjamin F. Edwards & Company Inc. raised its position in StoneCo by 152.1% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,497 shares of the company’s stock worth $58,000 after acquiring an additional 2,110 shares during the period. Y.D. More Investments Ltd boosted its stake in StoneCo by 90.2% in 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. Finally, Invst LLC bought a new position in shares of StoneCo during the 1st quarter valued at approximately $172,000. 73.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on STNE shares. The Goldman Sachs Group lowered their price target on shares of StoneCo from $21.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, June 26th. Evercore ISI lowered their target price on StoneCo from $25.00 to $23.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Barclays cut their price target on StoneCo from $16.00 to $14.00 and set an “equal weight” rating for the company in a research note on Thursday, August 1st. Morgan Stanley restated an “underweight” rating and issued a $7.00 price objective (down from $16.50) on shares of StoneCo in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. raised shares of StoneCo from a “neutral” rating to an “overweight” rating and set a $20.00 price objective on the stock in a report on Thursday, June 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $17.80.

StoneCo Trading Down 8.5 %

Shares of STNE opened at $11.30 on Friday. StoneCo Ltd. has a twelve month low of $9.34 and a twelve month high of $19.46. The stock has a market cap of $3.49 billion, a PE ratio of 10.18, a P/E/G ratio of 0.44 and a beta of 2.31. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.41. The business’s 50-day moving average price is $12.97 and its 200-day moving average price is $14.22.

StoneCo (NASDAQ:STNE) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $0.30 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 firm had revenue of $615.13 million for the quarter, compared to analysts’ expectations of $590.74 million. On average, equities analysts forecast that StoneCo Ltd. will post 1.1 EPS for the current fiscal year.

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.