106,304 Shares in PagSeguro Digital Ltd. (NYSE:PAGS) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 106,304 shares of the company's stock, valued at approximately $665,000.

Several other institutional investors also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. grew its position in shares of PagSeguro Digital by 16.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,353,087 shares of the company's stock worth $39,770,000 after buying an additional 874,777 shares in the last quarter. State Street Corp grew its holdings in PagSeguro Digital by 50.8% during the 3rd 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 in the last quarter. SPX Gestao de Recursos Ltda bought a new position in PagSeguro Digital during the 3rd quarter worth about $38,151,000. Geode Capital Management LLC increased its position in PagSeguro Digital by 49.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company's stock valued at $29,014,000 after purchasing an additional 1,113,103 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of PagSeguro Digital by 101.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,985,074 shares of the company's stock valued at $17,091,000 after purchasing an additional 999,237 shares in the last quarter. 45.88% of the stock is currently owned by hedge funds and other institutional investors.

PagSeguro Digital Price Performance

PagSeguro Digital stock traded down $0.04 during mid-day trading on Tuesday, reaching $7.11. 3,742,633 shares of the company traded hands, compared to its average volume of 4,608,587. The firm's fifty day moving average is $7.10 and its two-hundred day moving average is $8.13. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 5.86, a price-to-earnings-growth ratio of 0.51 and a beta of 1.95. PagSeguro Digital Ltd. has a fifty-two week low of $6.11 and a fifty-two week high of $14.82.

Remove Ads

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 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 business had revenue of $875.27 million for the quarter, compared to analyst estimates of $872.66 million. As a group, equities research analysts predict that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on PAGS. Bank of America reissued a "neutral" rating on shares of PagSeguro Digital in a report on Tuesday, December 10th. Citigroup reaffirmed a "neutral" rating and set a $7.00 price objective (down previously from $17.00) on shares of PagSeguro Digital in a research report on Thursday, January 16th. KeyCorp upgraded PagSeguro Digital to a "hold" rating in a research note on Friday, November 15th. The Goldman Sachs Group decreased their price target on shares of PagSeguro Digital from $14.00 to $12.00 and set a "buy" rating for the company in a research report on Friday, November 15th. Finally, Susquehanna lowered their price target on shares of PagSeguro Digital from $19.00 to $16.00 and set a "positive" rating on the stock in a report on Monday, November 18th. One analyst has rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $13.18.

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.