Hsbc Holdings PLC reduced its stake in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 46.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,022 shares of the company's stock after selling 29,158 shares during the quarter. Hsbc Holdings PLC's holdings in PagSeguro Digital were worth $214,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of PAGS. Signaturefd LLC increased its position in shares of PagSeguro Digital by 1,306.5% during the fourth quarter. Signaturefd LLC now owns 4,557 shares of the company's stock worth $29,000 after acquiring an additional 4,233 shares during the period. Advisory Services Network LLC purchased a new position in shares of PagSeguro Digital during the 4th quarter worth approximately $66,000. Raymond James Financial Inc. purchased a new position in shares of PagSeguro Digital in the 4th quarter valued at about $79,000. Virtu Financial LLC grew its holdings in shares of PagSeguro Digital by 37.4% in the 4th quarter. Virtu Financial LLC now owns 15,672 shares of the company's stock worth $98,000 after acquiring an additional 4,268 shares during the period. Finally, Xponance Inc. lifted its holdings in shares of PagSeguro Digital by 37.8% in the fourth quarter. Xponance Inc. now owns 17,105 shares of the company's stock valued at $107,000 after purchasing an additional 4,695 shares in the last quarter. 45.88% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the company. Citigroup upgraded PagSeguro Digital from a "neutral" rating to a "buy" rating and lifted their target price for the company from $7.00 to $10.00 in a report on Tuesday, April 22nd. Barclays dropped their price target on shares of 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 analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $11.88.
Check Out Our Latest Stock Analysis on PAGS
PagSeguro Digital Price Performance
Shares of PAGS traded up $0.10 during mid-day trading on Tuesday, reaching $9.85. The company had a trading volume of 9,313,182 shares, compared to its average volume of 4,790,086. The company has a market capitalization of $3.25 billion, a P/E ratio of 8.14, a P/E/G ratio of 0.51 and a beta of 1.70. PagSeguro Digital Ltd. has a twelve month low of $6.11 and a twelve month high of $14.82. The company's 50-day moving average is $8.54 and its 200-day moving average is $7.74.
PagSeguro Digital (NYSE:PAGS - Get Free Report) last announced its earnings results on Friday, February 21st. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. The business had revenue of $875.27 million for the quarter, compared to the consensus estimate of $872.66 million. As a group, equities analysts expect that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.
About PagSeguro Digital
(
Free Report)
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.
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