Prudential PLC Has $378,000 Stock Holdings in PagSeguro Digital Ltd. (NYSE:PAGS)

Prudential PLC lowered its holdings in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 68.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 60,407 shares of the company's stock after selling 128,891 shares during the quarter. Prudential PLC's holdings in PagSeguro Digital were worth $378,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC boosted its holdings in shares of PagSeguro Digital by 1,306.5% in the fourth quarter. Signaturefd LLC now owns 4,557 shares of the company's stock valued at $29,000 after acquiring an additional 4,233 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of PagSeguro Digital during the 4th quarter worth $79,000. Virtu Financial LLC purchased a new position in PagSeguro Digital in the third quarter valued at approximately $98,000. Xponance Inc. raised its position in PagSeguro Digital by 37.8% in the fourth quarter. Xponance Inc. now owns 17,105 shares of the company's stock valued at $107,000 after purchasing an additional 4,695 shares during the period. Finally, Cibc World Markets Corp purchased a new position in shares of PagSeguro Digital in the fourth quarter valued at $110,000. Institutional investors and hedge funds own 45.88% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Citigroup reaffirmed a "neutral" rating and set a $7.00 target price (down previously from $17.00) on shares of PagSeguro Digital in a report on Thursday, January 16th. JPMorgan Chase & Co. decreased their target price on PagSeguro Digital from $16.00 to $11.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, PagSeguro Digital currently has an average rating of "Hold" and a consensus price target of $11.63.

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PagSeguro Digital Stock Performance

Shares of NYSE:PAGS traded up $0.15 on Monday, hitting $8.54. The company's stock had a trading volume of 433,694 shares, compared to its average volume of 4,689,231. PagSeguro Digital Ltd. has a 12 month low of $6.11 and a 12 month high of $14.82. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 7.06, a price-to-earnings-growth ratio of 0.51 and a beta of 1.85. The stock's 50-day moving average is $7.86 and its two-hundred day moving average is $7.59.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $875.27 million for the quarter, compared to analysts' expectations of $872.66 million. Equities analysts expect that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current fiscal year.

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.