Lombard Odier Asset Management Europe Ltd Sells 15,000 Shares of StoneCo Ltd. (NASDAQ:STNE)

Lombard Odier Asset Management Europe Ltd lessened its holdings in shares of StoneCo Ltd. (NASDAQ:STNE) by 18.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 65,000 shares of the company’s stock after selling 15,000 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in StoneCo were worth $779,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of STNE. UBS Group AG increased its stake in shares of StoneCo by 14.5% in the fourth quarter. UBS Group AG now owns 2,001,221 shares of the company’s stock valued at $36,082,000 after buying an additional 253,276 shares during the period. Quadrature Capital Ltd bought a new stake in StoneCo during the fourth quarter valued at $2,008,000. Norges Bank acquired a new stake in StoneCo during the 4th quarter worth about $58,777,000. Lord Abbett & CO. LLC bought a new position in shares of StoneCo in the 1st quarter worth about $33,139,000. Finally, Vanguard Group Inc. lifted its stake in shares of StoneCo by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 2,636,619 shares of the company’s stock valued at $43,794,000 after purchasing an additional 88,256 shares during the period. Institutional investors own 73.19% of the company’s stock.

StoneCo Price Performance

Shares of NASDAQ:STNE opened at $11.11 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.41. The stock has a market cap of $3.49 billion, a PE ratio of 10.01, a price-to-earnings-growth ratio of 0.44 and a beta of 2.31. The stock’s fifty day simple moving average is $12.92 and its two-hundred day simple moving average is $14.15. StoneCo Ltd. has a 1-year low of $9.34 and a 1-year high of $19.46.

StoneCo (NASDAQ:STNE) last announced its earnings results on Wednesday, August 14th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.04). The business had revenue of $615.13 million during the quarter, compared to analysts’ expectations of $590.74 million. StoneCo had a return on equity of 13.21% and a net margin of 15.27%. As a group, analysts forecast that StoneCo Ltd. will post 1.1 EPS for the current fiscal year.

Analysts Set New Price Targets

STNE has been the subject of several recent analyst reports. Barclays reduced their price objective on shares of StoneCo from $16.00 to $14.00 and set an “equal weight” rating for the company in a research report on Thursday, August 1st. Evercore ISI cut their price objective on shares of StoneCo from $25.00 to $23.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. UBS Group raised their target price on StoneCo from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. The Goldman Sachs Group cut their target price on StoneCo from $21.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, June 26th. Finally, JPMorgan Chase & Co. raised shares of StoneCo from a “neutral” rating to an “overweight” rating and set a $20.00 price target for the company in a research report on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.80.

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.