California Public Employees Retirement System Has $3.12 Million Stock Holdings in StoneCo Ltd. (NASDAQ:STNE)

California Public Employees Retirement System cut its position in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 11.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 391,469 shares of the company's stock after selling 48,561 shares during the quarter. California Public Employees Retirement System owned about 0.13% of StoneCo worth $3,120,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Pictet Asset Management Holding SA raised its holdings in shares of StoneCo by 22.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 235,237 shares of the company's stock valued at $1,875,000 after purchasing an additional 43,521 shares during the period. Norges Bank acquired a new stake in shares of StoneCo in the fourth quarter valued at approximately $22,642,000. JPMorgan Chase & Co. raised its stake in StoneCo by 7.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,696,729 shares of the company's stock valued at $13,523,000 after acquiring an additional 116,050 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in StoneCo by 3.9% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 86,750 shares of the company's stock valued at $691,000 after purchasing an additional 3,296 shares during the last quarter. Finally, Prudential Financial Inc. increased its holdings in shares of StoneCo by 17.7% in the fourth quarter. Prudential Financial Inc. now owns 23,220 shares of the company's stock valued at $185,000 after purchasing an additional 3,500 shares during the last quarter. 73.19% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several research firms have weighed in on STNE. Wells Fargo & Company raised shares of StoneCo from an "equal weight" rating to an "overweight" rating in a report on Wednesday, March 19th. Citigroup restated a "neutral" rating and issued a $9.00 price target (down from $19.00) on shares of StoneCo in a research note on Thursday, January 16th. Barclays lifted their target price on StoneCo from $10.00 to $12.00 and gave the stock an "equal weight" rating in a report on Friday, March 21st. Morgan Stanley raised their price target on shares of StoneCo from $5.70 to $6.00 and gave the stock an "underweight" rating in a research report on Friday, March 21st. Finally, JPMorgan Chase & Co. decreased their target price on shares of StoneCo from $21.00 to $15.00 and set an "overweight" rating on the stock in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $14.50.

StoneCo Trading Up 2.5 %

Shares of NASDAQ:STNE traded up $0.29 during mid-day trading on Monday, reaching $11.82. 482,755 shares of the company's stock were exchanged, compared to its average volume of 6,517,473. StoneCo Ltd. has a twelve month low of $7.72 and a twelve month high of $17.09. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 0.41 and a beta of 2.05. The business's fifty day moving average price is $10.12 and its 200-day moving average price is $9.85.

StoneCo (NASDAQ:STNE - Get Free Report) last issued its earnings results on Tuesday, March 18th. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.07. The business had revenue of $582.20 million during the quarter, compared to the consensus estimate of $3.59 billion. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. On average, research analysts predict 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.