Sei Investments Co. Sells 37,607 Shares of StoneCo Ltd. (NASDAQ:STNE)

Sei Investments Co. reduced its holdings in shares of StoneCo Ltd. (NASDAQ:STNE) by 72.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,244 shares of the company’s stock after selling 37,607 shares during the quarter. Sei Investments Co.’s holdings in StoneCo were worth $171,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Financial Perspectives Inc lifted its stake in shares of StoneCo by 8.4% during the 2nd quarter. Financial Perspectives Inc now owns 14,019 shares of the company’s stock valued at $168,000 after buying an additional 1,083 shares in the last quarter. Stokes Family Office LLC grew its holdings in shares of StoneCo by 16.8% during the 1st quarter. Stokes Family Office LLC now owns 14,600 shares of the company’s stock valued at $243,000 after purchasing an additional 2,100 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of StoneCo by 152.1% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,497 shares of the company’s stock valued at $58,000 after purchasing an additional 2,110 shares during the last quarter. Y.D. More Investments Ltd grew its holdings in shares of StoneCo by 90.2% during the 2nd quarter. Y.D. More Investments Ltd now owns 4,798 shares of the company’s stock valued at $58,000 after purchasing an additional 2,275 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of StoneCo during the 1st quarter valued at $41,000. 73.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

STNE has been the subject of several research analyst reports. The Goldman Sachs Group dropped their target price on shares of StoneCo from $21.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, June 26th. UBS Group raised their price objective on shares of StoneCo from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Morgan Stanley reissued an “underweight” rating and issued a $7.00 price objective (down previously from $16.50) on shares of StoneCo in a report on Thursday, September 5th. Cantor Fitzgerald raised shares of StoneCo to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, Evercore ISI lowered their target price on shares of StoneCo from $25.00 to $23.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. One 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 stock. According to data from MarketBeat.com, StoneCo currently has an average rating of “Moderate Buy” and an average price target of $17.80.

StoneCo Stock Down 0.2 %

STNE stock opened at $10.95 on Friday. The company’s 50 day moving average price is $12.33 and its 200 day moving average price is $13.63. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 8.90, a PEG ratio of 0.38 and a beta of 2.30. StoneCo Ltd. has a fifty-two week low of $9.34 and a fifty-two week high of $19.46.

StoneCo (NASDAQ:STNE) last released its quarterly earnings data on Wednesday, August 14th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.04). StoneCo had a return on equity of 13.21% and a net margin of 15.27%. The business had revenue of $615.13 million during the quarter, compared to analysts’ expectations of $590.74 million. On average, equities research analysts anticipate that StoneCo Ltd. will post 1.21 EPS for the current fiscal year.

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.