StoneCo Ltd. (NASDAQ:STNE) Shares Sold by Navellier & Associates Inc.

Navellier & Associates Inc. cut its position in StoneCo Ltd. (NASDAQ:STNE) by 10.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,404 shares of the company’s stock after selling 2,095 shares during the quarter. Navellier & Associates Inc.’s holdings in StoneCo were worth $147,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Newbridge Financial Services Group Inc. boosted its holdings in StoneCo by 166.7% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company’s stock valued at $51,000 after purchasing an additional 4,000 shares during the period. KBC Group NV purchased a new position in StoneCo in the fourth quarter valued at $73,000. Tempus Wealth Planning LLC purchased a new position in StoneCo in the fourth quarter valued at $124,000. Covestor Ltd boosted its holdings in StoneCo by 40.9% in the third quarter. Covestor Ltd now owns 13,350 shares of the company’s stock valued at $150,000 after purchasing an additional 3,878 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in StoneCo in the third quarter valued at $156,000. 73.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on StoneCo from $21.00 to $15.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Susquehanna decreased their target price on StoneCo from $22.00 to $19.00 and set a “positive” rating for the company in a report on Wednesday, November 13th. The Goldman Sachs Group decreased their target price on StoneCo from $16.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Citigroup reaffirmed a “neutral” rating and set a $9.00 price target (down from $19.00) on shares of StoneCo in a report on Thursday, January 16th. Finally, Barclays decreased their price target on StoneCo from $12.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. One 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 given a strong buy rating to the stock. According to MarketBeat, StoneCo has an average rating of “Moderate Buy” and a consensus price target of $14.38.

StoneCo Stock Down 2.2 %

StoneCo stock opened at $9.91 on Monday. The company has a market capitalization of $3.06 billion, a P/E ratio of 7.74, a PEG ratio of 0.41 and a beta of 2.25. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.42 and a current ratio of 1.42. StoneCo Ltd. has a fifty-two week low of $7.72 and a fifty-two week high of $17.93. The stock has a 50-day simple moving average of $8.72 and a 200-day simple moving average of $10.46.

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.