214,400 Shares in StoneCo Ltd. (NASDAQ:STNE) Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board acquired a new position in StoneCo Ltd. (NASDAQ:STNE - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 214,400 shares of the company's stock, valued at approximately $2,414,000. Public Sector Pension Investment Board owned 0.07% of StoneCo as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of STNE. Central Bank & Trust Co. acquired a new position in shares of StoneCo during the 2nd quarter valued at $40,000. Y.D. More Investments Ltd grew its holdings in StoneCo by 90.2% during the second quarter. Y.D. More Investments Ltd now owns 4,798 shares of the company's stock worth $58,000 after acquiring an additional 2,275 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in StoneCo in the third quarter worth about $125,000. Point72 Hong Kong Ltd bought a new stake in StoneCo in the second quarter worth about $135,000. Finally, nVerses Capital LLC acquired a new stake in StoneCo in the 2nd quarter valued at about $137,000. Institutional investors and hedge funds own 73.19% of the company's stock.

StoneCo Stock Down 1.5 %

StoneCo stock traded down $0.14 during mid-day trading on Thursday, hitting $9.39. The company's stock had a trading volume of 6,105,055 shares, compared to its average volume of 5,258,515. StoneCo Ltd. has a 52-week low of $9.06 and a 52-week high of $19.46. The company has a market cap of $2.90 billion, a PE ratio of 7.45, a price-to-earnings-growth ratio of 0.33 and a beta of 2.21. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42. The firm's 50 day moving average is $10.78 and its 200 day moving average is $12.16.

Analyst Upgrades and Downgrades

STNE has been the topic of a number of research reports. Cantor Fitzgerald upgraded shares of StoneCo to a "strong-buy" rating in a report on Thursday, October 3rd. UBS Group upped their price target on StoneCo from $17.00 to $18.00 and gave the company a "buy" rating in a report on Thursday, August 29th. Susquehanna reduced their price objective on StoneCo from $22.00 to $19.00 and set a "positive" rating for the company in a research note on Wednesday, November 13th. Morgan Stanley reaffirmed an "underweight" rating and set a $7.00 target price (down from $16.50) on shares of StoneCo in a research report on Thursday, September 5th. Finally, Barclays decreased their price target on StoneCo from $13.00 to $12.00 and set an "equal weight" rating for the company in a research report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, StoneCo currently has a consensus rating of "Moderate Buy" and an average price target of $16.89.

StoneCo Company 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.