Alliancebernstein L.P. Has $1.41 Million Stock Holdings in PagSeguro Digital Ltd. (NYSE:PAGS)

Alliancebernstein L.P. decreased its holdings in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 44.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 225,520 shares of the company's stock after selling 183,290 shares during the period. Alliancebernstein L.P. owned about 0.07% of PagSeguro Digital worth $1,412,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. State Street Corp increased its holdings in PagSeguro Digital by 50.8% in the third quarter. State Street Corp now owns 5,908,054 shares of the company's stock worth $50,868,000 after buying an additional 1,990,849 shares during the last quarter. Barclays PLC increased its holdings in PagSeguro Digital by 240.0% in the third quarter. Barclays PLC now owns 270,215 shares of the company's stock worth $2,327,000 after buying an additional 190,740 shares during the last quarter. Geode Capital Management LLC increased its holdings in PagSeguro Digital by 49.1% in the third quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company's stock worth $29,014,000 after buying an additional 1,113,103 shares during the last quarter. Virtu Financial LLC acquired a new position in PagSeguro Digital in the third quarter worth approximately $98,000. Finally, Sanctuary Advisors LLC acquired a new position in PagSeguro Digital in the third quarter worth approximately $157,000. Institutional investors and hedge funds own 45.88% of the company's stock.

PagSeguro Digital Stock Performance

Shares of PAGS traded up $0.07 during trading hours on Thursday, reaching $9.31. 865,584 shares of the company traded hands, compared to its average volume of 4,639,589. The stock's fifty day moving average is $8.02 and its 200 day moving average is $7.62. The stock has a market cap of $3.07 billion, a P/E ratio of 7.68, a price-to-earnings-growth ratio of 0.51 and a beta of 1.85. PagSeguro Digital Ltd. has a 1-year low of $6.11 and a 1-year high of $14.82.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last announced its quarterly earnings data on Friday, February 21st. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.05. The business had revenue of $875.27 million during the quarter, compared to analyst estimates of $872.66 million. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. On average, equities research analysts predict that PagSeguro Digital Ltd. will post 1.17 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Citigroup upgraded PagSeguro Digital from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $7.00 to $10.00 in a report on Tuesday. Barclays lowered their price target on PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $11.88.

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.