Signaturefd LLC Sells 1,288 Shares of StoneCo Ltd. (NASDAQ:STNE)

Signaturefd LLC decreased its holdings in StoneCo Ltd. (NASDAQ:STNE) by 16.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,784 shares of the company’s stock after selling 1,288 shares during the quarter. Signaturefd LLC’s holdings in StoneCo were worth $54,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in STNE. Jones Financial Companies Lllp lifted its position in shares of StoneCo by 254.7% in the 4th quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company’s stock worth $34,000 after purchasing an additional 3,056 shares during the period. Newbridge Financial Services Group Inc. raised its stake in StoneCo by 166.7% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company’s stock worth $51,000 after buying an additional 4,000 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in StoneCo during the 4th quarter valued at approximately $56,000. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of StoneCo by 31.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 7,500 shares of the company’s stock worth $59,000 after acquiring an additional 1,800 shares during the period. Finally, KBC Group NV bought a new position in shares of StoneCo in the 4th quarter worth approximately $73,000. Institutional investors own 73.19% of the company’s stock.

StoneCo Trading Up 2.0 %

NASDAQ:STNE opened at $11.32 on Tuesday. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 8.84, a PEG ratio of 0.41 and a beta of 2.33. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47. The company’s 50 day moving average price is $9.42 and its 200-day moving average price is $9.92. StoneCo Ltd. has a 52 week low of $7.72 and a 52 week high of $17.93.

StoneCo (NASDAQ:STNE) last issued its earnings results on Tuesday, March 18th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.32 by $0.07. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. The business had revenue of $582.20 million for the quarter, compared to the consensus estimate of $3.59 billion. On average, equities research analysts forecast that StoneCo Ltd. will post 1.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on STNE shares. Citigroup restated a “neutral” rating and set a $9.00 price target (down from $19.00) on shares of StoneCo in a research report on Thursday, January 16th. Barclays upped their target price on shares of StoneCo from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Friday. JPMorgan Chase & Co. lowered their price target on shares of StoneCo from $21.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Morgan Stanley upped their price objective on shares of StoneCo from $5.70 to $6.00 and gave the stock an “underweight” rating in a report on Friday. Finally, Wells Fargo & Company upgraded shares of StoneCo from an “equal weight” rating to an “overweight” rating in a report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $14.50.

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.