Canada Pension Plan Investment Board Has $6.81 Million Stake in StoneCo Ltd. $STNE

Key Points

• The Canada Pension Plan Investment Board significantly increased its stake in StoneCo Ltd. by purchasing an additional 647,702 shares, boosting its ownership by 32,745.3% to a total of 649,680 shares valued at approximately $6.8 million.
• Several hedge funds have also dramatically increased their positions in StoneCo, with notable increases including GAMMA Investing LLC (up 1,486.3%) and CWM LLC (up 327.4%).
• StoneCo's stock rating varies among analysts, with ratings ranging from strong buy to sell, and an average target price set at $15.36.

Canada Pension Plan Investment Board grew its stake in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 32,745.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 649,680 shares of the company's stock after purchasing an additional 647,702 shares during the period. Canada Pension Plan Investment Board owned about 0.23% of StoneCo worth $6,809,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in StoneCo by 1,486.3% in the 1st quarter. GAMMA Investing LLC now owns 2,903 shares of the company's stock worth $30,000 after purchasing an additional 2,720 shares during the last quarter. CWM LLC grew its position in StoneCo by 327.4% in the 1st quarter. CWM LLC now owns 3,154 shares of the company's stock worth $33,000 after purchasing an additional 2,416 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in StoneCo by 143.0% in the 1st quarter. Harbor Capital Advisors Inc. now owns 4,614 shares of the company's stock worth $48,000 after purchasing an additional 2,715 shares during the last quarter. Signaturefd LLC grew its position in StoneCo by 13.6% in the 1st quarter. Signaturefd LLC now owns 7,708 shares of the company's stock worth $81,000 after purchasing an additional 924 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in StoneCo by 18.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,473 shares of the company's stock worth $89,000 after purchasing an additional 1,317 shares during the last quarter. 73.19% of the stock is currently owned by institutional investors and hedge funds.

StoneCo Price Performance

Shares of NASDAQ STNE traded up $0.79 during trading on Friday, reaching $17.30. The company had a trading volume of 5,286,094 shares, compared to its average volume of 4,556,110. StoneCo Ltd. has a 52 week low of $7.72 and a 52 week high of $17.44. The stock has a market cap of $4.95 billion, a PE ratio of -24.71, a PEG ratio of 0.44 and a beta of 1.91. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.48 and a current ratio of 1.48. The business's 50 day moving average price is $14.98 and its 200-day moving average price is $13.20.

StoneCo (NASDAQ:STNE - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03. StoneCo had a negative net margin of 8.37% and a positive return on equity of 18.71%. The company had revenue of $643.82 million during the quarter, compared to analysts' expectations of $3.78 billion. Analysts expect that StoneCo Ltd. will post 1.16 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wall Street Zen lowered shares of StoneCo from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. UBS Group lifted their target price on shares of StoneCo from $15.00 to $20.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Santander upgraded shares of StoneCo from a "neutral" rating to an "outperform" rating in a research report on Wednesday, May 21st. Barclays lifted their target price on shares of StoneCo from $13.00 to $15.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Finally, Zacks Research raised shares of StoneCo to a "strong-buy" rating in a report on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, StoneCo presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.36.

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.