Nixon Capital LLC Has $2.61 Million Holdings in StoneCo Ltd. (NASDAQ:STNE)

Nixon Capital LLC decreased its holdings in shares of StoneCo Ltd. (NASDAQ:STNE) by 79.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 144,456 shares of the company’s stock after selling 558,573 shares during the quarter. StoneCo makes up about 1.2% of Nixon Capital LLC’s investment portfolio, making the stock its 20th biggest holding. Nixon Capital LLC’s holdings in StoneCo were worth $2,605,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in STNE. McGlone Suttner Wealth Management Inc. bought a new stake in StoneCo during the fourth quarter worth $26,000. USA Financial Formulas bought a new stake in StoneCo during the fourth quarter worth $26,000. Headlands Technologies LLC bought a new position in shares of StoneCo in the fourth quarter valued at about $56,000. Tucker Asset Management LLC bought a new position in shares of StoneCo in the third quarter valued at about $60,000. Finally, Itau Unibanco Holding S.A. bought a new position in shares of StoneCo in the third quarter valued at about $101,000. Institutional investors and hedge funds own 73.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on STNE shares. Susquehanna dropped their price objective on shares of StoneCo from $23.00 to $22.00 and set a “positive” rating on the stock in a research report on Friday, April 19th. Citigroup increased their price objective on shares of StoneCo from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. JPMorgan Chase & Co. raised shares of StoneCo from a “neutral” rating to an “overweight” rating and set a $20.00 price objective on the stock in a research report on Thursday. Finally, Barclays lowered their price target on shares of StoneCo from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Monday, May 20th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.60.

StoneCo Price Performance

Shares of STNE traded down $0.29 during mid-day trading on Friday, reaching $13.24. The company had a trading volume of 4,258,330 shares, compared to its average volume of 5,980,623. The company’s 50 day simple moving average is $15.47 and its 200 day simple moving average is $16.43. StoneCo Ltd. has a 1-year low of $9.34 and a 1-year high of $19.46. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market capitalization of $4.16 billion, a price-to-earnings ratio of 11.93, a P/E/G ratio of 0.34 and a beta of 2.36.

StoneCo (NASDAQ:STNE) last posted its quarterly earnings results on Monday, May 13th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $623.12 million for the quarter, compared to the consensus estimate of $633.35 million. StoneCo had a net margin of 14.08% and a return on equity of 12.35%. Analysts expect that StoneCo Ltd. will post 1.45 EPS for the current year.

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.