Intellectus Partners LLC Sells 5,850 Shares of StoneCo Ltd. (NASDAQ:STNE)

Intellectus Partners LLC trimmed its stake in shares of StoneCo Ltd. (NASDAQ:STNE) by 13.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,975 shares of the company’s stock after selling 5,850 shares during the quarter. Intellectus Partners LLC’s holdings in StoneCo were worth $416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Point72 Asset Management L.P. boosted its stake in shares of StoneCo by 10.2% during the second quarter. Point72 Asset Management L.P. now owns 8,386,945 shares of the company’s stock valued at $100,559,000 after purchasing an additional 779,445 shares during the period. Vanguard Group Inc. boosted its position in StoneCo by 3.5% during 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 period. Creative Planning grew its holdings in StoneCo by 224.9% in the 3rd quarter. Creative Planning now owns 65,321 shares of the company’s stock worth $736,000 after acquiring an additional 45,218 shares during the last quarter. Coronation Fund Managers Ltd. increased its position in shares of StoneCo by 4.6% in the second quarter. Coronation Fund Managers Ltd. now owns 2,562,394 shares of the company’s stock valued at $30,723,000 after acquiring an additional 113,656 shares during the period. Finally, Point72 DIFC Ltd raised its stake in shares of StoneCo by 123.4% during the second quarter. Point72 DIFC Ltd now owns 251,993 shares of the company’s stock valued at $3,021,000 after acquiring an additional 139,182 shares during the last quarter. 73.19% of the stock is owned by hedge funds and other institutional investors.

StoneCo Price Performance

Shares of STNE opened at $9.76 on Friday. The firm’s 50-day simple moving average is $11.27 and its two-hundred day simple moving average is $12.75. StoneCo Ltd. has a fifty-two week low of $9.61 and a fifty-two week high of $19.46. The stock has a market cap of $3.02 billion, a PE ratio of 7.63, a price-to-earnings-growth ratio of 0.37 and a beta of 2.29. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.36 and a current ratio of 1.42.

StoneCo (NASDAQ:STNE) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.04). The company had revenue of $615.13 million for the quarter, compared to the consensus estimate of $590.74 million. StoneCo had a net margin of 16.02% and a return on equity of 13.92%. Analysts anticipate that StoneCo Ltd. will post 1.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Cantor Fitzgerald upgraded StoneCo to a “strong-buy” rating in a report on Thursday, October 3rd. Susquehanna dropped 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. UBS Group boosted their price objective on shares of StoneCo from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Barclays decreased their price objective on shares of StoneCo from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, October 15th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $7.00 target price (down previously from $16.50) on shares of StoneCo in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, StoneCo has a consensus rating of “Moderate Buy” and an average price target of $17.40.

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.