PagSeguro Digital Ltd. (NYSE:PAGS) Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lessened its position in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 63.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,700 shares of the company's stock after selling 95,400 shares during the quarter. Pictet Asset Management Holding SA's holdings in PagSeguro Digital were worth $342,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company raised its stake in shares of PagSeguro Digital by 23.8% in the third quarter. The Manufacturers Life Insurance Company now owns 103,971 shares of the company's stock worth $895,000 after purchasing an additional 19,972 shares during the last quarter. State Street Corp raised its position in PagSeguro Digital by 50.8% during the third quarter. State Street Corp now owns 5,908,054 shares of the company's stock worth $50,868,000 after acquiring an additional 1,990,849 shares during the period. Nomura Asset Management Co. Ltd. raised its position in shares of PagSeguro Digital by 1,238.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 24,100 shares of the company's stock worth $208,000 after purchasing an additional 22,300 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in PagSeguro Digital during the 3rd quarter worth approximately $2,431,000. Finally, Barclays PLC increased its position in shares of PagSeguro Digital by 240.0% during the third quarter. Barclays PLC now owns 270,215 shares of the company's stock worth $2,327,000 after purchasing an additional 190,740 shares in the last quarter. 45.88% of the stock is owned by institutional investors and hedge funds.

PagSeguro Digital Stock Down 0.6 %

NYSE:PAGS traded down $0.06 during trading hours on Wednesday, reaching $8.47. 162,412 shares of the stock were exchanged, compared to its average volume of 4,683,730. The business has a 50-day moving average of $7.89 and a two-hundred day moving average of $7.59. PagSeguro Digital Ltd. has a twelve month low of $6.11 and a twelve month high of $14.82. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 6.99, a PEG ratio of 0.51 and a beta of 1.85.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last announced its quarterly earnings data on Friday, February 21st. The company reported $0.34 earnings per share (EPS) 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 business had revenue of $875.27 million during the quarter, compared to analysts' expectations of $872.66 million. On average, research analysts forecast that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Citigroup reissued a "neutral" rating and issued a $7.00 target price (down from $17.00) on shares of PagSeguro Digital in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, PagSeguro Digital has an average rating of "Hold" and a consensus target price of $11.63.

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.