Geode Capital Management LLC Reduces Stock Position in PagSeguro Digital Ltd. (NYSE:PAGS)

Geode Capital Management LLC lowered its position in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 19.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,710,851 shares of the company's stock after selling 668,958 shares during the quarter. Geode Capital Management LLC owned 0.82% of PagSeguro Digital worth $16,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership bought a new position in shares of PagSeguro Digital during the 4th quarter worth approximately $989,000. Norges Bank acquired a new position in PagSeguro Digital during the fourth quarter worth $3,009,000. Anthracite Investment Company Inc. acquired a new position in PagSeguro Digital during the fourth quarter worth $1,158,000. EntryPoint Capital LLC acquired a new position in PagSeguro Digital during the fourth quarter worth $122,000. Finally, LPL Financial LLC grew its stake in shares of PagSeguro Digital by 14.2% in the 4th quarter. LPL Financial LLC now owns 33,534 shares of the company's stock worth $210,000 after acquiring an additional 4,165 shares in the last quarter. Institutional investors and hedge funds own 45.88% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on PAGS. Citigroup upgraded shares of PagSeguro Digital from a "neutral" rating to a "buy" rating and increased their price target for the company from $7.00 to $10.00 in a research report on Tuesday. Barclays reduced their price target on shares of PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $11.88.

PagSeguro Digital Stock Performance

PagSeguro Digital stock traded up $0.06 during midday trading on Thursday, reaching $9.30. 865,584 shares of the stock were exchanged, compared to its average volume of 4,639,589. The company's fifty day moving average is $8.02 and its 200-day moving average is $7.62. The firm has a market cap of $3.07 billion, a PE ratio of 7.68, a PEG ratio of 0.51 and a beta of 1.85. PagSeguro Digital Ltd. has a 52 week low of $6.11 and a 52 week high of $14.82.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last issued its quarterly earnings results on Friday, February 21st. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.05. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. The firm had revenue of $875.27 million for the quarter, compared to analyst estimates of $872.66 million. On average, sell-side analysts anticipate that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current fiscal year.

PagSeguro Digital 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.