Healthcare of Ontario Pension Plan Trust Fund Purchases Shares of 155,300 StoneCo Ltd. (NASDAQ:STNE)

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in StoneCo Ltd. (NASDAQ:STNE) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 155,300 shares of the company’s stock, valued at approximately $2,580,000.

A number of other large investors have also added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. purchased a new position in StoneCo during the 4th quarter valued at $26,000. USA Financial Formulas bought a new position in StoneCo in the 4th quarter valued at approximately $26,000. Headlands Technologies LLC bought a new position in shares of StoneCo during the fourth quarter valued at $56,000. Benjamin F. Edwards & Company Inc. boosted its position in shares of StoneCo by 152.1% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,497 shares of the company’s stock valued at $58,000 after buying an additional 2,110 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in StoneCo by 45.5% in the 4th quarter. Signaturefd LLC now owns 7,149 shares of the company’s stock worth $129,000 after buying an additional 2,235 shares in the last quarter. Institutional investors own 73.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on STNE. JPMorgan Chase & Co. raised shares of StoneCo from a “neutral” rating to an “overweight” rating and set a $20.00 target price for the company in a research report on Thursday, June 6th. The Goldman Sachs Group reduced their price objective on StoneCo from $21.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, June 26th. Barclays dropped their target price on StoneCo from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Monday, May 20th. Evercore ISI reduced their price target on shares of StoneCo from $25.00 to $23.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Finally, 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 report on Friday, April 19th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.11.

StoneCo Trading Up 1.3 %

STNE opened at $13.34 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.25. The stock’s fifty day moving average is $13.06 and its two-hundred day moving average is $15.48. The company has a market capitalization of $4.19 billion, a P/E ratio of 12.02, a PEG ratio of 0.34 and a beta of 2.33. StoneCo Ltd. has a 52 week low of $9.34 and a 52 week high of $19.46.

StoneCo (NASDAQ:STNE) last issued its quarterly earnings data 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 return on equity of 12.35% and a net margin of 14.08%. Analysts forecast that StoneCo Ltd. will post 1.46 earnings per share 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.