StoneCo Ltd. $STNE Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio boosted its holdings in shares of StoneCo Ltd. (NASDAQ:STNE) by 48.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,488 shares of the company’s stock after purchasing an additional 21,478 shares during the period. Public Employees Retirement System of Ohio’s holdings in StoneCo were worth $1,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in STNE. GAMMA Investing LLC lifted its position in StoneCo by 1,486.3% during the first quarter. GAMMA Investing LLC now owns 2,903 shares of the company’s stock valued at $30,000 after purchasing an additional 2,720 shares during the period. CWM LLC increased its holdings in StoneCo by 327.4% in the first quarter. CWM LLC now owns 3,154 shares of the company’s stock valued at $33,000 after buying an additional 2,416 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in StoneCo by 334.4% in the second quarter. Farther Finance Advisors LLC now owns 2,598 shares of the company’s stock valued at $42,000 after buying an additional 2,000 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in StoneCo by 143.0% in the first quarter. Harbor Capital Advisors Inc. now owns 4,614 shares of the company’s stock valued at $48,000 after buying an additional 2,715 shares in the last quarter. Finally, Twin Tree Management LP purchased a new position in StoneCo in the first quarter valued at $58,000. 73.19% of the stock is currently owned by institutional investors and hedge funds.

StoneCo Stock Performance

NASDAQ:STNE opened at $17.97 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.48 and a quick ratio of 1.48. The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of -25.67, a PEG ratio of 0.37 and a beta of 1.99. The company’s 50-day moving average is $16.35 and its two-hundred day moving average is $14.46. StoneCo Ltd. has a 1-year low of $7.72 and a 1-year high of $19.95.

StoneCo (NASDAQ:STNE) last posted its earnings results on Thursday, August 7th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.03. StoneCo had a negative net margin of 8.37% and a positive return on equity of 18.71%. The company had revenue of $643.82 million for the quarter, compared to analyst estimates of $3.78 billion. Analysts forecast that StoneCo Ltd. will post 1.16 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on STNE. UBS Group lifted their price objective on shares of StoneCo from $15.00 to $20.00 and gave the company a “buy” rating in a report on Friday, August 29th. Zacks Research raised shares of StoneCo to a “strong-buy” rating in a report on Tuesday, August 12th. Wall Street Zen raised shares of StoneCo from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of StoneCo in a report on Saturday, September 27th. Finally, Bank of America lifted their price objective on shares of StoneCo from $15.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.56.

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.