Caisse DE Depot ET Placement DU Quebec Acquires 275,500 Shares of StoneCo Ltd. (NASDAQ:STNE)

Caisse DE Depot ET Placement DU Quebec raised its stake in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 1,565.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 293,100 shares of the company's stock after purchasing an additional 275,500 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.09% of StoneCo worth $3,300,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Lazard Asset Management LLC acquired a new position in StoneCo during the 1st quarter worth approximately $41,000. Central Bank & Trust Co. bought a new position in shares of StoneCo in the 2nd quarter worth $40,000. Y.D. More Investments Ltd grew its position in StoneCo by 90.2% in the 2nd quarter. Y.D. More Investments Ltd now owns 4,798 shares of the company's stock valued at $58,000 after purchasing an additional 2,275 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in StoneCo during the 3rd quarter valued at $125,000. Finally, Point72 Hong Kong Ltd acquired a new position in StoneCo during the second quarter worth $135,000. Institutional investors and hedge funds own 73.19% of the company's stock.

StoneCo Stock Performance

Shares of StoneCo stock traded down $0.27 on Tuesday, reaching $9.46. 6,466,691 shares of the company traded hands, compared to its average volume of 5,254,590. 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 has a market capitalization of $2.92 billion, a PE ratio of 7.38, a PEG ratio of 0.34 and a beta of 2.21. The company has a 50 day moving average of $10.85 and a 200 day moving average of $12.22. StoneCo Ltd. has a 52 week low of $9.06 and a 52 week high of $19.46.

Analyst Ratings Changes

Several equities research analysts have recently commented on STNE shares. Cantor Fitzgerald raised shares of StoneCo to a "strong-buy" rating in a research report on Thursday, October 3rd. Barclays dropped their target price on StoneCo from $13.00 to $12.00 and set an "equal weight" rating on the stock in a report on Monday, November 18th. UBS Group upped their price target on StoneCo from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Thursday, August 29th. Morgan Stanley restated an "underweight" rating and set a $7.00 price objective (down from $16.50) on shares of StoneCo in a research note on Thursday, September 5th. Finally, Susquehanna reduced their target price on shares of StoneCo from $22.00 to $19.00 and set a "positive" rating for the company in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, StoneCo has an average 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.