Sei Investments Co. Sells 98,949 Shares of StoneCo Ltd. $STNE

Sei Investments Co. decreased its holdings in shares of StoneCo Ltd. (NASDAQ:STNE) by 59.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,039 shares of the company’s stock after selling 98,949 shares during the quarter. Sei Investments Co.’s holdings in StoneCo were worth $947,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Kestra Advisory Services LLC bought a new stake in shares of StoneCo in the 4th quarter worth about $28,000. Rockefeller Capital Management L.P. raised its position in shares of StoneCo by 74.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,199 shares of the company’s stock valued at $33,000 after buying an additional 936 shares in the last quarter. Ensign Peak Advisors Inc bought a new position in shares of StoneCo in the 4th quarter valued at about $33,000. Torren Management LLC bought a new position in shares of StoneCo in the 4th quarter valued at about $35,000. Finally, Advisory Services Network LLC purchased a new position in StoneCo in the third quarter worth about $37,000. Institutional investors own 73.19% of the company’s stock.

Insider Activity

In related news, Director Silvio Jose Morais sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $11.29, for a total transaction of $101,610.00. Following the completion of the sale, the director directly owned 21,000 shares of the company’s stock, valued at approximately $237,090. This trade represents a 30.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 11.25% of the company’s stock.

Analyst Ratings Changes

STNE has been the topic of several analyst reports. BTIG Research reduced their price objective on StoneCo from $22.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Jefferies Financial Group started coverage on StoneCo in a research note on Thursday, July 23rd. They issued a “hold” rating and a $12.60 price objective for the company. Citigroup cut StoneCo from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $18.00 to $11.00 in a report on Friday, May 15th. Weiss Ratings downgraded StoneCo from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Finally, UBS Group decreased their price target on StoneCo from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, July 17th. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $14.59.

StoneCo Stock Performance

Shares of NASDAQ:STNE opened at $10.00 on Thursday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.57. StoneCo Ltd. has a 12 month low of $9.45 and a 12 month high of $19.95. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 4.00, a PEG ratio of 0.29 and a beta of 1.74. The firm’s 50-day moving average is $10.92 and its 200 day moving average is $12.93.

StoneCo (NASDAQ:STNE) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. StoneCo had a net margin of 23.82% and a return on equity of 21.05%. The business had revenue of $141.16 million during the quarter, compared to the consensus estimate of $675.11 million. Research analysts predict that StoneCo Ltd. will post 2.27 EPS for the current year.

StoneCo Company Profile

StoneCo Ltd., commonly known as Stone, is a Brazilian financial technology company that provides integrated digital payment solutions and related financial services to merchants. Through its cloud-based platform, Stone enables businesses of all sizes to accept a variety of payment methods, including point-of-sale (POS) terminals, mobile card readers and e-commerce gateways. In addition to payment acceptance, the company offers value-added services such as working capital loans, digital banking products and automated billing tools designed to help merchants manage cash flow and streamline operations.

Since its founding in 2012 by André Street and Eduardo Pontes, Stone has focused on serving over half a million merchants across Brazil’s retail, restaurant and services sectors.