Landscape Capital Management L.L.C. Has $113,000 Stock Holdings in StoneCo Ltd. (NASDAQ:STNE)

Landscape Capital Management L.L.C. trimmed its stake in shares of StoneCo Ltd. (NASDAQ:STNE) by 70.3% in the third quarter, HoldingsChannel reports. The firm owned 10,073 shares of the company’s stock after selling 23,792 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in StoneCo were worth $113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of STNE. Point72 Asset Management L.P. lifted its stake in shares of StoneCo by 10.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 8,386,945 shares of the company’s stock worth $100,559,000 after buying an additional 779,445 shares during the last quarter. Marshall Wace LLP raised its holdings in StoneCo by 204.1% in the 2nd quarter. Marshall Wace LLP now owns 7,741,662 shares of the company’s stock valued at $92,823,000 after acquiring an additional 5,195,787 shares during the period. Coronation Fund Managers Ltd. lifted its position in StoneCo by 43.4% during the third quarter. Coronation Fund Managers Ltd. now owns 3,673,459 shares of the company’s stock worth $41,363,000 after acquiring an additional 1,111,065 shares during the last quarter. Constellation Investimentos e Participacoes Ltda boosted its holdings in shares of StoneCo by 30.0% during the third quarter. Constellation Investimentos e Participacoes Ltda now owns 3,047,576 shares of the company’s stock worth $34,316,000 after acquiring an additional 703,249 shares during the period. Finally, Truxt Investmentos Ltda. acquired a new position in shares of StoneCo in the third quarter valued at approximately $31,695,000. 73.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Susquehanna dropped their price target on StoneCo from $22.00 to $19.00 and set a “positive” rating for the company in a report on Wednesday, November 13th. Morgan Stanley reissued an “underweight” rating and set a $7.00 target price (down previously from $16.50) on shares of StoneCo in a report on Thursday, September 5th. Cantor Fitzgerald upgraded shares of StoneCo to a “strong-buy” rating in a research note on Thursday, October 3rd. Barclays dropped their price objective on shares of StoneCo from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, November 18th. Finally, UBS Group increased their target price on shares of StoneCo from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.89.

StoneCo Stock Performance

Shares of StoneCo stock opened at $10.90 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.47. The company has a market cap of $3.37 billion, a PE ratio of 8.52, a price-to-earnings-growth ratio of 0.36 and a beta of 2.29. The company has a 50 day moving average of $11.02 and a 200-day moving average of $12.41. StoneCo Ltd. has a 1-year low of $9.06 and a 1-year high of $19.46.

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.