Legal & General Group Plc trimmed its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 75.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 341,689 shares of the company's stock after selling 1,034,135 shares during the quarter. Legal & General Group Plc owned 0.10% of PagSeguro Digital worth $2,139,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Truvestments Capital LLC raised its stake in shares of PagSeguro Digital by 8.4% in the 4th quarter. Truvestments Capital LLC now owns 23,202 shares of the company's stock valued at $145,000 after purchasing an additional 1,792 shares in the last quarter. LPL Financial LLC raised its stake in PagSeguro Digital by 14.2% during the fourth quarter. LPL Financial LLC now owns 33,534 shares of the company's stock valued at $210,000 after buying an additional 4,165 shares in the last quarter. Signaturefd LLC lifted its holdings in PagSeguro Digital by 1,306.5% during the 4th quarter. Signaturefd LLC now owns 4,557 shares of the company's stock worth $29,000 after buying an additional 4,233 shares during the last quarter. Virtu Financial LLC grew its position 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 in the last quarter. Finally, Xponance Inc. increased its holdings in shares of PagSeguro Digital by 37.8% in the 4th quarter. Xponance Inc. now owns 17,105 shares of the company's stock valued at $107,000 after acquiring an additional 4,695 shares during the last quarter. Institutional investors and hedge funds own 45.88% of the company's stock.
Analyst Ratings Changes
PAGS has been the topic of several research analyst reports. Barclays reduced their price objective 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. Citigroup upgraded shares of PagSeguro Digital from a "neutral" rating to a "buy" rating and raised their price target for the stock from $7.00 to $10.00 in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, PagSeguro Digital currently has a consensus rating of "Moderate Buy" and an average price target of $11.88.
Read Our Latest Stock Analysis on PagSeguro Digital
PagSeguro Digital Trading Up 0.1 %
NYSE:PAGS traded up $0.01 during mid-day trading on Wednesday, hitting $10.04. The stock had a trading volume of 4,726,643 shares, compared to its average volume of 4,687,779. The company has a 50 day simple moving average of $8.19 and a 200-day simple moving average of $7.68. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 8.30, a P/E/G ratio of 0.51 and a beta of 1.85. PagSeguro Digital Ltd. has a 52 week low of $6.11 and a 52 week high of $14.82.
PagSeguro Digital (NYSE:PAGS - Get Free Report) last announced its quarterly earnings results on Friday, February 21st. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.05. The company had revenue of $875.27 million during the quarter, compared to analyst estimates of $872.66 million. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. As a group, equities research analysts anticipate that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current 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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