Canada Pension Plan Investment Board Has $2.36 Million Stake in StoneCo Ltd. (NASDAQ:STNE)

Canada Pension Plan Investment Board lowered its holdings in shares of StoneCo Ltd. (NASDAQ:STNE) by 89.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,780 shares of the company’s stock after selling 1,629,900 shares during the period. Canada Pension Plan Investment Board owned about 0.06% of StoneCo worth $2,359,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Seven Eight Capital LP acquired a new stake in shares of StoneCo during the 2nd quarter valued at about $1,458,000. Hsbc Holdings PLC lifted its stake in StoneCo by 2,445.5% during the second quarter. Hsbc Holdings PLC now owns 2,287,353 shares of the company’s stock worth $27,151,000 after purchasing an additional 2,197,495 shares during the period. Fourth Sail Capital LP acquired a new stake in StoneCo during the second quarter valued at approximately $21,323,000. Quantbot Technologies LP bought a new stake in shares of StoneCo in the 2nd quarter valued at approximately $3,435,000. Finally, Financial Perspectives Inc raised its holdings in shares of StoneCo by 8.4% in the 2nd quarter. Financial Perspectives Inc now owns 14,019 shares of the company’s stock worth $168,000 after buying an additional 1,083 shares in the last quarter. Institutional investors own 73.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Barclays decreased their price target on StoneCo from $16.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 1st. The Goldman Sachs Group lowered their target price on shares of StoneCo from $21.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, June 26th. Morgan Stanley reissued an “underweight” rating and set a $7.00 price target (down from $16.50) on shares of StoneCo in a report on Thursday, September 5th. Evercore ISI decreased their price objective on shares of StoneCo from $25.00 to $23.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Finally, JPMorgan Chase & Co. upgraded shares of StoneCo from a “neutral” rating to an “overweight” rating and set a $20.00 target price for the company in a research note on Thursday, June 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, StoneCo presently has an average rating of “Moderate Buy” and a consensus price target of $17.80.

StoneCo Trading Up 2.0 %

Shares of NASDAQ STNE opened at $11.11 on Friday. StoneCo Ltd. has a 1-year low of $9.34 and a 1-year high of $19.46. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average of $12.78 and a two-hundred day moving average of $14.07. The company has a market cap of $3.43 billion, a PE ratio of 10.01, a P/E/G ratio of 0.40 and a beta of 2.31.

StoneCo (NASDAQ:STNE) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.04). The company had revenue of $615.13 million during the quarter, compared to the consensus estimate of $590.74 million. StoneCo had a return on equity of 13.21% and a net margin of 15.27%. As a group, equities analysts expect that StoneCo Ltd. will post 1.1 earnings per share for the current fiscal 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.