PagSeguro Digital Ltd. (NYSE:PAGS) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. decreased its stake in PagSeguro Digital Ltd. (NYSE:PAGS) by 3.4% during the 4th quarter, Holdings Channel reports. The firm owned 330,147 shares of the company’s stock after selling 11,727 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in PagSeguro Digital were worth $4,117,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund boosted its position in PagSeguro Digital by 1,238.3% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 999,700 shares of the company’s stock worth $8,607,000 after acquiring an additional 925,000 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in PagSeguro Digital by 8.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,110,575 shares of the company’s stock worth $9,562,000 after acquiring an additional 87,612 shares during the last quarter. Barclays PLC boosted its position in PagSeguro Digital by 5.6% during the third quarter. Barclays PLC now owns 73,550 shares of the company’s stock worth $635,000 after acquiring an additional 3,907 shares during the last quarter. Sylebra Capital LLC acquired a new position in PagSeguro Digital during the third quarter worth about $80,028,000. Finally, Prudential PLC boosted its position in PagSeguro Digital by 37.0% during the third quarter. Prudential PLC now owns 57,405 shares of the company’s stock worth $494,000 after acquiring an additional 15,501 shares during the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. The Goldman Sachs Group raised shares of PagSeguro Digital from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $7.40 to $13.80 in a research note on Monday, January 22nd. Cantor Fitzgerald lifted their target price on shares of PagSeguro Digital from $14.00 to $16.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Citigroup lifted their target price on shares of PagSeguro Digital from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Barclays lifted their target price on shares of PagSeguro Digital from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Finally, New Street Research raised shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $15.00 to $18.00 in a research note on Monday, March 18th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.09.

PagSeguro Digital Stock Performance

PagSeguro Digital stock opened at $12.24 on Tuesday. The company’s 50 day simple moving average is $13.48 and its 200-day simple moving average is $11.37. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 0.68 and a beta of 1.78. PagSeguro Digital Ltd. has a 1 year low of $6.93 and a 1 year high of $14.98.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $786.91 million. Equities analysts expect that PagSeguro Digital Ltd. will post 1.3 earnings per share for the current year.

PagSeguro Digital Company Profile

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.