Exchange Traded Concepts LLC Sells 45,455 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Exchange Traded Concepts LLC reduced its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 55.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,916 shares of the company's stock after selling 45,455 shares during the period. Exchange Traded Concepts LLC's holdings in PagSeguro Digital were worth $274,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Harbor Capital Advisors Inc. grew its stake in shares of PagSeguro Digital by 166.9% in the first quarter. Harbor Capital Advisors Inc. now owns 6,685 shares of the company's stock worth $51,000 after acquiring an additional 4,180 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of PagSeguro Digital by 11.7% in the 4th quarter. Principal Financial Group Inc. now owns 451,110 shares of the company's stock worth $2,824,000 after purchasing an additional 47,172 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in PagSeguro Digital by 3,375.8% in the 4th quarter. Ameriprise Financial Inc. now owns 698,645 shares of the company's stock worth $4,374,000 after purchasing an additional 678,545 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in PagSeguro Digital by 28.5% in the 4th quarter. Sanctuary Advisors LLC now owns 25,422 shares of the company's stock worth $159,000 after purchasing an additional 5,636 shares in the last quarter. Finally, Virtu Financial LLC grew its position in PagSeguro Digital by 37.4% during the 4th quarter. Virtu Financial LLC now owns 15,672 shares of the company's stock valued at $98,000 after purchasing an additional 4,268 shares during the last quarter. Institutional investors own 45.88% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Citigroup raised shares of PagSeguro Digital from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $7.00 to $10.00 in a report on Tuesday, April 22nd. Susquehanna reduced their price target on shares of PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating for the company in a research report on Wednesday, May 14th. Finally, Barclays cut their target price on PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $11.63.

PagSeguro Digital Trading Down 3.2%

PAGS stock traded down $0.32 on Wednesday, hitting $9.64. The company had a trading volume of 6,190,189 shares, compared to its average volume of 5,301,147. PagSeguro Digital Ltd. has a 12-month low of $6.11 and a 12-month high of $14.82. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 7.72, a P/E/G ratio of 0.70 and a beta of 1.58. The stock's 50-day simple moving average is $9.16 and its 200 day simple moving average is $7.98.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.02. PagSeguro Digital had a return on equity of 15.43% and a net margin of 11.15%. The firm had revenue of $857.50 million for the quarter, compared to the consensus estimate of $914.45 million. Research analysts forecast that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current year.

PagSeguro Digital Cuts Dividend

The company also recently announced a -- dividend, which will be paid on Friday, August 15th. Shareholders of record on Wednesday, July 16th will be given a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, July 16th. This represents a yield of 1.5%. PagSeguro Digital's payout ratio is 11.48%.

About PagSeguro Digital

PagSeguro Digital Ltd., together with its subsidiaries, provides financial technology solutions and services for consumers, individual entrepreneurs, micro-merchants, and small and medium-sized companies in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, a digital ecosystem that operates as a closed loop where its clients are able to address their primary day to day financial needs, including receiving and spending funds, and managing and growing their businesses; PagBank digital account, which offers payment and banking services through the PagBank mobile app, as well as centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem; and PlugPag, a tool for medium-sized and larger merchants that enables them to connect their point of sale (POS) device directly to their enterprise resource planning software or sales automation system through Bluetooth.