PagSeguro Digital Ltd. (NYSE:PAGS) Shares Sold by Axa S.A.

Axa S.A. trimmed its position in PagSeguro Digital Ltd. (NYSE:PAGS) by 77.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,403 shares of the company’s stock after selling 131,827 shares during the period. Axa S.A.’s holdings in PagSeguro Digital were worth $247,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC raised its stake in shares of PagSeguro Digital by 240.0% during the 3rd quarter. Barclays PLC now owns 270,215 shares of the company’s stock worth $2,327,000 after buying an additional 190,740 shares in the last quarter. Tidal Investments LLC purchased a new position in PagSeguro Digital in the third quarter worth $339,000. Harbour Capital Advisors LLC acquired a new stake in PagSeguro Digital in the fourth quarter valued at $482,000. Exchange Traded Concepts LLC boosted its position in shares of PagSeguro Digital by 112.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 81,371 shares of the company’s stock worth $509,000 after purchasing an additional 42,990 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of PagSeguro Digital by 16.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,353,087 shares of the company’s stock worth $39,770,000 after purchasing an additional 874,777 shares during the period. 45.88% of the stock is owned by institutional investors and hedge funds.

PagSeguro Digital Price Performance

Shares of NYSE PAGS opened at $9.85 on Friday. The company has a 50-day simple moving average of $8.50 and a 200-day simple moving average of $7.74. The company has a market cap of $3.25 billion, a PE ratio of 8.14, a price-to-earnings-growth ratio of 0.51 and a beta of 1.70. PagSeguro Digital Ltd. has a 12 month low of $6.11 and a 12 month high of $14.82.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings results on Friday, February 21st. The company reported $0.34 earnings per share for the quarter, beating 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 company had revenue of $875.27 million during the quarter, compared to the consensus estimate of $872.66 million. On average, analysts anticipate that PagSeguro Digital Ltd. will post 1.17 EPS for the current year.

Analyst Upgrades and Downgrades

PAGS has been the topic of several recent analyst reports. Citigroup upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and upped their target price for the stock from $7.00 to $10.00 in a research report on Tuesday, April 22nd. Barclays lowered their target price on PagSeguro Digital from $13.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, PagSeguro Digital currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.88.

About PagSeguro Digital

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.