Mirae Asset Global Investments Co. Ltd. Lowers Holdings in PagSeguro Digital Ltd. (NYSE:PAGS)

Mirae Asset Global Investments Co. Ltd. reduced its stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS – Get Rating) by 14.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 267,265 shares of the company’s stock after selling 43,497 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.08% of PagSeguro Digital worth $2,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Capital World Investors lifted its position in shares of PagSeguro Digital by 15.1% in the first quarter. Capital World Investors now owns 20,291,708 shares of the company’s stock worth $406,848,000 after buying an additional 2,666,516 shares in the last quarter. Sylebra Capital Ltd grew its holdings in shares of PagSeguro Digital by 5.7% in the third quarter. Sylebra Capital Ltd now owns 10,606,667 shares of the company’s stock valued at $140,326,000 after purchasing an additional 573,785 shares in the last quarter. Nuveen Asset Management LLC increased its position in PagSeguro Digital by 41.3% in the third quarter. Nuveen Asset Management LLC now owns 9,118,704 shares of the company’s stock worth $120,640,000 after purchasing an additional 2,667,094 shares during the last quarter. Tekne Capital Management LLC raised its stake in PagSeguro Digital by 9.7% during the third quarter. Tekne Capital Management LLC now owns 7,955,011 shares of the company’s stock valued at $105,245,000 after purchasing an additional 702,453 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its position in PagSeguro Digital by 51.8% during the third quarter. Point72 Asset Management L.P. now owns 6,124,676 shares of the company’s stock valued at $81,029,000 after purchasing an additional 2,089,309 shares during the last quarter. Hedge funds and other institutional investors own 52.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PAGS. JPMorgan Chase & Co. reduced their target price on shares of PagSeguro Digital from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, April 4th. Morgan Stanley dropped their target price on PagSeguro Digital from $15.00 to $14.00 in a report on Tuesday, April 11th. Citigroup upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Tuesday, March 28th. Wells Fargo & Company lifted their price objective on shares of PagSeguro Digital from $9.50 to $10.00 and gave the stock an “equal weight” rating in a research note on Friday, March 3rd. Finally, Barclays initiated coverage on shares of PagSeguro Digital in a research note on Thursday, May 11th. They issued an “overweight” rating and a $16.00 target price on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $12.77.

PagSeguro Digital Stock Up 1.0 %

Shares of PAGS stock opened at $12.12 on Friday. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 1.28 and a beta of 1.61. PagSeguro Digital Ltd. has a 52-week low of $7.51 and a 52-week high of $19.49. The company’s 50 day moving average is $9.67 and its 200 day moving average is $9.58.

PagSeguro Digital (NYSE:PAGS – Get Rating) last posted its earnings results on Thursday, March 2nd. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.02. PagSeguro Digital had a return on equity of 17.41% and a net margin of 9.81%. The company had revenue of $752.91 million for the quarter, compared to analyst estimates of $759.47 million. Analysts anticipate that PagSeguro Digital Ltd. will post 0.95 EPS for the current fiscal year.

PagSeguro Digital Company Profile

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PagSeguro Digital Ltd. is engaged in the provision of financial technology solutions focused on consumers, individual entrepreneurs, micro-merchants, small companies and medium-sized companies in Brazil. Its business model covers the following pillars: Multiple digital payment solutions; In-person payments via POS devices that sell to merchants; Free digital accounts; Issuer of prepaid cards to clients for spending or withdrawing account balances, and Operating as an acquirer.