Bellecapital International Ltd. Reduces Stock Holdings in PagSeguro Digital Ltd. (NYSE:PAGS)

Bellecapital International Ltd. reduced its holdings in PagSeguro Digital Ltd. (NYSE:PAGSFree Report) by 15.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 197,757 shares of the company’s stock after selling 36,369 shares during the period. Bellecapital International Ltd. owned about 0.06% of PagSeguro Digital worth $2,466,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. BlackRock Inc. boosted its holdings in PagSeguro Digital by 672.4% during the second quarter. BlackRock Inc. now owns 28,839,358 shares of the company’s stock worth $272,244,000 after buying an additional 25,105,756 shares in the last quarter. Sylebra Capital LLC purchased a new stake in PagSeguro Digital during the third quarter worth $80,028,000. Norges Bank purchased a new stake in PagSeguro Digital during the fourth quarter worth $70,207,000. State Street Corp boosted its holdings in PagSeguro Digital by 657.3% during the second quarter. State Street Corp now owns 3,429,461 shares of the company’s stock worth $32,374,000 after buying an additional 2,976,591 shares in the last quarter. Finally, Capital World Investors boosted its holdings in PagSeguro Digital by 15.1% during 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. 45.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. New Street Research upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $15.00 to $18.00 in a research report on Monday, March 18th. Cantor Fitzgerald upped their price objective on shares of PagSeguro Digital from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Citigroup upped their price objective on shares of PagSeguro Digital from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Evercore ISI upgraded shares of PagSeguro Digital from an “in-line” rating to an “outperform” rating and increased their target price for the company from $12.00 to $18.00 in a research report on Tuesday, March 26th. Finally, The Goldman Sachs Group upgraded shares of PagSeguro Digital from a “sell” rating to a “neutral” rating and increased their target price for the company from $7.40 to $13.80 in a research report on Monday, January 22nd. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $14.98.

Get Our Latest Stock Analysis on PagSeguro Digital

PagSeguro Digital Price Performance

Shares of PAGS stock opened at $14.28 on Monday. The firm has a market cap of $4.71 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 0.78 and a beta of 1.78. The company has a 50-day moving average of $13.45 and a two-hundred day moving average of $11.01. PagSeguro Digital Ltd. has a 1-year low of $6.93 and a 1-year high of $14.98.

PagSeguro Digital (NYSE:PAGSGet Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.29 by $0.04. PagSeguro Digital had a net margin of 10.37% and a return on equity of 13.94%. The business had revenue of $877.60 million during the quarter, compared to analyst estimates of $786.91 million. Sell-side analysts anticipate that PagSeguro Digital Ltd. will post 1.28 EPS for the current fiscal year.

PagSeguro Digital Profile

(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.

Featured Stories

Institutional Ownership by Quarter for PagSeguro Digital (NYSE:PAGS)

Receive News & Ratings for PagSeguro Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PagSeguro Digital and related companies with MarketBeat.com's FREE daily email newsletter.