Voloridge Investment Management LLC Has $14.45 Million Stake in StoneCo Ltd. (NASDAQ:STNE)

Voloridge Investment Management LLC increased its stake in shares of StoneCo Ltd. (NASDAQ:STNE) by 13,279.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,813,606 shares of the company’s stock after buying an additional 1,800,051 shares during the quarter. Voloridge Investment Management LLC owned about 0.59% of StoneCo worth $14,454,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Jones Financial Companies Lllp lifted its position in shares of StoneCo by 254.7% during the 4th quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company’s stock valued at $34,000 after acquiring an additional 3,056 shares during the period. Sterling Capital Management LLC increased its position in shares of StoneCo by 627.0% in the fourth quarter. Sterling Capital Management LLC now owns 4,551 shares of the company’s stock worth $36,000 after purchasing an additional 3,925 shares during the period. Newbridge Financial Services Group Inc. raised its stake in StoneCo by 166.7% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company’s stock valued at $51,000 after purchasing an additional 4,000 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in StoneCo during the fourth quarter worth about $56,000. Finally, Skandinaviska Enskilda Banken AB publ lifted its position in StoneCo by 31.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 7,500 shares of the company’s stock worth $59,000 after purchasing an additional 1,800 shares during the period. Institutional investors and hedge funds own 73.19% of the company’s stock.

StoneCo Trading Down 1.8%

NASDAQ STNE opened at $13.28 on Friday. The company has a market cap of $3.80 billion, a price-to-earnings ratio of 10.38, a price-to-earnings-growth ratio of 0.41 and a beta of 2.01. StoneCo Ltd. has a twelve month low of $7.72 and a twelve month high of $15.08. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47. The business’s fifty day moving average is $12.35 and its 200 day moving average is $10.30.

StoneCo (NASDAQ:STNE) last posted its earnings results on Thursday, May 8th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. The firm had revenue of $625.86 million during the quarter, compared to the consensus estimate of $3.68 billion. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. As a group, sell-side analysts expect that StoneCo Ltd. will post 1.16 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Morgan Stanley boosted their target price on shares of StoneCo from $5.70 to $6.00 and gave the company an “underweight” rating in a research report on Friday, March 21st. The Goldman Sachs Group decreased their price objective on shares of StoneCo from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Santander upgraded shares of StoneCo from a “neutral” rating to an “outperform” rating in a research report on Wednesday. Barclays raised their target price on StoneCo from $13.00 to $15.00 and gave the company an “equal weight” rating in a report on Monday, May 12th. Finally, Citigroup upgraded StoneCo from a “neutral” rating to a “buy” rating and lifted their price target for the company from $9.00 to $15.00 in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $15.63.

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.