Amundi lowered its position in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 92.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,620 shares of the company's stock after selling 209,352 shares during the period. Amundi's holdings in PagSeguro Digital were worth $104,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Edgestream Partners L.P. boosted its position in PagSeguro Digital by 14.1% during the 4th quarter. Edgestream Partners L.P. now owns 232,523 shares of the company's stock valued at $1,456,000 after acquiring an additional 28,779 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of PagSeguro Digital during the 4th quarter worth $448,000. Inceptionr LLC boosted its position in PagSeguro Digital by 183.7% during the fourth quarter. Inceptionr LLC now owns 73,420 shares of the company's stock valued at $460,000 after purchasing an additional 47,541 shares in the last quarter. Raymond James Financial Inc. purchased a new position in PagSeguro Digital in the fourth quarter valued at about $79,000. Finally, Bellecapital International Ltd. boosted its holdings in shares of PagSeguro Digital by 37.1% in the 4th quarter. Bellecapital International Ltd. now owns 319,221 shares of the company's stock valued at $1,998,000 after buying an additional 86,402 shares in the last quarter. 45.88% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several brokerages have recently commented on PAGS. JPMorgan Chase & Co. decreased their price objective on PagSeguro Digital from $16.00 to $11.00 and set a "neutral" rating for the company in a report on Monday, December 16th. Citigroup reiterated a "neutral" rating and issued a $7.00 price target (down from $17.00) on shares of PagSeguro Digital in a research note on Thursday, January 16th. Finally, Bank of America restated a "neutral" rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $12.33.
View Our Latest Research Report on PagSeguro Digital
PagSeguro Digital Trading Down 1.4 %
PAGS traded down $0.12 during midday trading on Wednesday, hitting $8.15. 2,580,873 shares of the company were exchanged, compared to its average volume of 4,473,523. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 6.73, a price-to-earnings-growth ratio of 0.51 and a beta of 2.04. The company's 50 day simple moving average is $7.56 and its 200 day simple moving average is $7.70. 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 results on Friday, February 21st. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, equities analysts anticipate that PagSeguro Digital Ltd. will post 1.17 EPS for the current year.
PagSeguro Digital Company 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.
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