Caisse DE Depot ET Placement DU Quebec Increases Stake in StoneCo Ltd. (NASDAQ:STNE)

Caisse DE Depot ET Placement DU Quebec grew its stake in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 104.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 599,500 shares of the company's stock after purchasing an additional 306,400 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.19% of StoneCo worth $4,778,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Norges Bank bought a new stake in StoneCo in the fourth quarter worth $22,642,000. Atmos Capital Gestao DE Recursos LTDA. lifted its holdings in shares of StoneCo by 23.0% in the 4th quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 11,623,836 shares of the company's stock worth $92,642,000 after acquiring an additional 2,173,389 shares during the last quarter. SPX Gestao de Recursos Ltda boosted its stake in shares of StoneCo by 3,248.6% during the 4th quarter. SPX Gestao de Recursos Ltda now owns 1,813,588 shares of the company's stock worth $14,454,000 after purchasing an additional 1,759,429 shares during the period. JPMorgan Chase & Co. grew its holdings in StoneCo by 327.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,580,679 shares of the company's stock valued at $17,798,000 after purchasing an additional 1,210,817 shares during the last quarter. Finally, Northern Trust Corp raised its position in StoneCo by 44.9% in the 4th quarter. Northern Trust Corp now owns 3,073,658 shares of the company's stock worth $24,497,000 after purchasing an additional 952,039 shares during the period. Institutional investors own 73.19% of the company's stock.

Wall Street Analyst Weigh In

STNE has been the subject of several recent analyst reports. Wells Fargo & Company upgraded StoneCo from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, March 19th. Morgan Stanley boosted their price objective on StoneCo from $5.70 to $6.00 and gave the company an "underweight" rating in a report on Friday, March 21st. Barclays increased their target price on StoneCo from $12.00 to $13.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 23rd. Citigroup raised shares of StoneCo from a "neutral" rating to a "buy" rating and boosted their target price for the company from $9.00 to $15.00 in a research note on Tuesday, April 22nd. Finally, The Goldman Sachs Group reduced their price target on shares of StoneCo from $16.00 to $14.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $15.38.

StoneCo Stock Down 1.1 %

Shares of STNE traded down $0.15 during mid-day trading on Friday, hitting $13.66. The company's stock had a trading volume of 10,535,692 shares, compared to its average volume of 5,774,659. 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's 50-day moving average is $11.56 and its 200-day moving average is $10.15. StoneCo Ltd. has a 52-week low of $7.72 and a 52-week high of $16.94. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 0.41 and a beta of 2.01.

StoneCo (NASDAQ:STNE - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. The firm had revenue of $625.86 million during the quarter, compared to analyst estimates of $3.68 billion. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. On average, equities research analysts forecast that StoneCo Ltd. will post 1.16 EPS for the current fiscal year.

StoneCo Profile

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.