Silvio Jose Morais Sells 21,000 Shares of StoneCo (NASDAQ:STNE) Stock

StoneCo Ltd. (NASDAQ:STNE) Director Silvio Morais sold 21,000 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $9.91, for a total value of $208,110.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Silvio Jose Morais also recently made the following trade(s):

• On Friday, June 12th, Silvio Morais sold 9,000 shares of StoneCo stock. The shares were sold at an average price of $11.29, for a total value of $101,610.00.

StoneCo Price Performance

Shares of StoneCo stock traded up $0.46 on Thursday, reaching $10.28. The company’s stock had a trading volume of 764,931 shares, compared to its average volume of 5,336,049. The company has a market capitalization of $2.56 billion, a P/E ratio of 4.15, a PEG ratio of 0.29 and a beta of 1.75. StoneCo Ltd. has a 52-week low of $9.08 and a 52-week high of $19.95. The stock has a 50-day moving average price of $10.49 and a 200-day moving average price of $11.94. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.84.

StoneCo (NASDAQ:STNE) last announced its earnings results on Thursday, August 13th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. StoneCo had a return on equity of 22.19% and a net margin of 22.92%.The firm had revenue of $129.73 million for the quarter, compared to analyst estimates of $708.24 million. Analysts expect that StoneCo Ltd. will post 2.3 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on STNE shares. UBS Group reduced their price target on shares of StoneCo from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, August 28th. Weiss Ratings lowered StoneCo from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. Jefferies Financial Group initiated coverage on StoneCo in a report on Thursday, July 23rd. They set a “hold” rating and a $12.60 target price for the company. Bank of America lowered StoneCo from a “buy” rating to a “neutral” rating and set a $13.00 price target on the stock. in a research note on Wednesday, July 15th. Finally, JPMorgan Chase & Co. dropped their price target on StoneCo from $20.00 to $16.50 and set an “overweight” rating for the company in a research report on Wednesday, May 27th. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, StoneCo currently has a consensus rating of “Hold” and a consensus target price of $14.30.

Institutional Trading of StoneCo

Several large investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its holdings in StoneCo by 151.7% during the 1st quarter. Bank of America Corp DE now owns 6,032,572 shares of the company’s stock worth $85,180,000 after buying an additional 3,636,276 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of StoneCo by 1,288.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 577,959 shares of the company’s stock valued at $6,265,000 after buying an additional 536,331 shares during the period. Hsbc Holdings PLC grew its position in shares of StoneCo by 286.6% during the first quarter. Hsbc Holdings PLC now owns 163,065 shares of the company’s stock worth $2,298,000 after buying an additional 120,883 shares in the last quarter. Squadra Investments Gestao DE Recursos LTDA. increased its stake in shares of StoneCo by 435.5% during the first quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 6,662,253 shares of the company’s stock worth $94,071,000 after buying an additional 5,418,053 shares during the period. Finally, Lombard Odier Asset Management Europe Ltd acquired a new stake in StoneCo in the first quarter valued at approximately $1,836,000. Hedge funds and other institutional investors own 73.19% of the company’s stock.

About StoneCo

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.