Tandem Capital Management Corp ADV Cuts Holdings in StoneCo Ltd. (NASDAQ:STNE)

Tandem Capital Management Corp ADV decreased its position in StoneCo Ltd. (NASDAQ:STNE) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,002 shares of the company’s stock after selling 1,330 shares during the period. Tandem Capital Management Corp ADV’s holdings in StoneCo were worth $295,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tempus Wealth Planning LLC purchased a new stake in shares of StoneCo during the fourth quarter worth about $124,000. Robeco Institutional Asset Management B.V. increased its stake in shares of StoneCo by 5.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 987,298 shares of the company’s stock worth $7,869,000 after purchasing an additional 47,841 shares in the last quarter. Verde Servicos Internacionais S.A. increased its stake in shares of StoneCo by 68.0% during the fourth quarter. Verde Servicos Internacionais S.A. now owns 67,000 shares of the company’s stock worth $534,000 after purchasing an additional 27,128 shares in the last quarter. KBC Group NV purchased a new stake in shares of StoneCo during the fourth quarter worth about $73,000. Finally, Commons Capital LLC purchased a new stake in shares of StoneCo during the fourth quarter worth about $383,000. Hedge funds and other institutional investors own 73.19% of the company’s stock.

StoneCo Price Performance

Shares of STNE opened at $8.89 on Tuesday. 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 $2.75 billion, a PE ratio of 6.95, a P/E/G ratio of 0.37 and a beta of 2.25. The firm has a 50-day simple moving average of $8.71 and a two-hundred day simple moving average of $10.79. StoneCo Ltd. has a 1-year low of $7.72 and a 1-year high of $19.46.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Citigroup restated a “neutral” rating and set a $9.00 price target (down from $19.00) on shares of StoneCo in a research report on Thursday, January 16th. JPMorgan Chase & Co. lowered their price target on shares of StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Barclays lowered their price target on shares of StoneCo from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Finally, Susquehanna lowered their price target on shares of StoneCo from $22.00 to $19.00 and set a “positive” rating on the stock in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.50.

About StoneCo

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.