StoneCo Ltd. (NASDAQ:STNE) is Truxt Investmentos Ltda.’s 2nd Largest Position

Truxt Investmentos Ltda. trimmed its holdings in StoneCo Ltd. (NASDAQ:STNE) by 59.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,130,361 shares of the company’s stock after selling 1,684,438 shares during the period. StoneCo makes up about 14.4% of Truxt Investmentos Ltda.’s holdings, making the stock its 2nd largest holding. Truxt Investmentos Ltda.’s holdings in StoneCo were worth $8,907,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in StoneCo by 327.4% during the third quarter. JPMorgan Chase & Co. now owns 1,580,679 shares of the company’s stock worth $17,798,000 after purchasing an additional 1,210,817 shares in the last quarter. State Street Corp raised its stake in shares of StoneCo by 51.0% in the third quarter. State Street Corp now owns 7,972,037 shares of the company’s stock valued at $89,765,000 after acquiring an additional 2,692,558 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of StoneCo in the third quarter valued at $9,091,000. Barclays PLC raised its stake in shares of StoneCo by 170.8% in the third quarter. Barclays PLC now owns 440,682 shares of the company’s stock valued at $4,962,000 after acquiring an additional 277,963 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of StoneCo in the third quarter valued at $716,000. 73.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Barclays reduced their price objective on StoneCo from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Citigroup reiterated 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. JPMorgan Chase & Co. reduced their price objective on StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. The Goldman Sachs Group reduced their price objective on StoneCo from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, Susquehanna cut their price target on StoneCo from $22.00 to $19.00 and set a “positive” rating on the stock in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $14.38.

StoneCo Stock Down 0.3 %

StoneCo stock opened at $10.07 on Thursday. StoneCo Ltd. has a 1-year low of $7.72 and a 1-year high of $17.93. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market cap of $3.11 billion, a PE ratio of 7.87, a P/E/G ratio of 0.40 and a beta of 2.25. The stock’s fifty day moving average is $8.68 and its two-hundred day moving average is $10.51.

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.