Voya Investment Management LLC Has $2.50 Million Holdings in StoneCo Ltd. (NASDAQ:STNE)

Voya Investment Management LLC cut its stake in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 14.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 314,046 shares of the company's stock after selling 54,092 shares during the quarter. Voya Investment Management LLC owned approximately 0.10% of StoneCo worth $2,503,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in StoneCo by 170.8% during the 3rd quarter. Barclays PLC now owns 440,682 shares of the company's stock valued at $4,962,000 after acquiring an additional 277,963 shares during the last quarter. Tidal Investments LLC bought a new position in shares of StoneCo in the third quarter worth $567,000. Synovus Financial Corp lifted its holdings in shares of StoneCo by 100.0% during the third quarter. Synovus Financial Corp now owns 29,228 shares of the company's stock valued at $329,000 after purchasing an additional 14,614 shares during the last quarter. JPMorgan Chase & Co. grew its position in StoneCo by 327.4% in the third quarter. JPMorgan Chase & Co. now owns 1,580,679 shares of the company's stock worth $17,798,000 after acquiring an additional 1,210,817 shares in the last quarter. Finally, Commons Capital LLC acquired a new position in StoneCo during the 4th quarter valued at $383,000. 73.19% of the stock is owned by institutional investors.

StoneCo Price Performance

Shares of NASDAQ STNE traded up $0.53 during trading hours on Thursday, reaching $13.76. 2,023,081 shares of the stock traded hands, compared to its average volume of 5,707,102. StoneCo Ltd. has a 52-week low of $7.72 and a 52-week high of $17.03. The company has a market capitalization of $3.94 billion, a P/E ratio of 10.75, a price-to-earnings-growth ratio of 0.41 and a beta of 2.01. The company's 50-day simple moving average is $11.38 and its two-hundred day simple moving average is $10.12. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47.

StoneCo (NASDAQ:STNE - Get Free Report) last issued its quarterly earnings results on Tuesday, March 18th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.07. The business had revenue of $582.20 million for 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%. Equities research analysts forecast that StoneCo Ltd. will post 1.16 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Barclays increased their target price on StoneCo from $12.00 to $13.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 23rd. Citigroup upgraded StoneCo from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $9.00 to $15.00 in a research report on Tuesday, April 22nd. Morgan Stanley boosted their price target on StoneCo from $5.70 to $6.00 and gave the company an "underweight" rating in a report on Friday, March 21st. Wells Fargo & Company upgraded shares of StoneCo from an "equal weight" rating to an "overweight" rating in a report on Wednesday, March 19th. Finally, The Goldman Sachs Group dropped their price objective on shares of StoneCo from $16.00 to $14.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $15.38.

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.