Sumitomo Mitsui Trust Group Inc. Has $4.59 Million Position in StoneCo Ltd. (NASDAQ:STNE)

Sumitomo Mitsui Trust Group Inc. reduced its stake in StoneCo Ltd. (NASDAQ:STNE) by 65.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 575,571 shares of the company’s stock after selling 1,114,268 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in StoneCo were worth $4,587,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Yorktown Management & Research Co Inc lifted its holdings in StoneCo by 96.8% in the 4th quarter. Yorktown Management & Research Co Inc now owns 30,900 shares of the company’s stock worth $246,000 after purchasing an additional 15,200 shares during the last quarter. Tempus Wealth Planning LLC acquired a new stake in StoneCo in the 4th quarter worth approximately $124,000. Robeco Institutional Asset Management B.V. increased its position in StoneCo by 5.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 987,298 shares of the company’s stock worth $7,869,000 after buying an additional 47,841 shares during the period. Verde Servicos Internacionais S.A. increased its position in StoneCo by 68.0% in the 4th quarter. Verde Servicos Internacionais S.A. now owns 67,000 shares of the company’s stock worth $534,000 after buying an additional 27,128 shares during the period. Finally, KBC Group NV bought a new position in StoneCo in the 4th quarter worth approximately $73,000. 73.19% of the stock is currently owned by institutional investors and hedge funds.

StoneCo Stock Performance

Shares of NASDAQ STNE opened at $9.37 on Friday. The business has a fifty day simple moving average of $8.62 and a 200 day simple moving average of $10.61. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 7.32, a PEG ratio of 0.37 and a beta of 2.25. StoneCo Ltd. has a one year low of $7.72 and a one year high of $17.93.

Analyst Ratings Changes

STNE has been the topic of several recent analyst reports. Barclays dropped their price target on StoneCo from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price target on StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. The Goldman Sachs Group dropped their price target on StoneCo from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Susquehanna dropped their price target on StoneCo from $22.00 to $19.00 and set a “positive” rating on the stock in a research report on Wednesday, November 13th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $9.00 price target (down from $19.00) on shares of StoneCo in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.38.

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.