HRT Financial LP increased its stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS – Get Rating) by 11.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 163,313 shares of the company’s stock after purchasing an additional 16,831 shares during the period. HRT Financial LP’s holdings in PagSeguro Digital were worth $1,427,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in PAGS. Capital World Investors increased its position in shares of PagSeguro Digital by 15.1% during the first quarter. Capital World Investors now owns 20,291,708 shares of the company’s stock valued at $406,848,000 after buying an additional 2,666,516 shares during the period. Sylebra Capital Ltd lifted its stake in PagSeguro Digital by 5.7% in the 3rd quarter. Sylebra Capital Ltd now owns 10,606,667 shares of the company’s stock worth $140,326,000 after purchasing an additional 573,785 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in PagSeguro Digital by 41.3% in the 3rd quarter. Nuveen Asset Management LLC now owns 9,118,704 shares of the company’s stock valued at $120,640,000 after purchasing an additional 2,667,094 shares during the period. Tekne Capital Management LLC grew its position in shares of PagSeguro Digital by 9.7% during the 3rd quarter. Tekne Capital Management LLC now owns 7,955,011 shares of the company’s stock valued at $105,245,000 after purchasing an additional 702,453 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in shares of PagSeguro Digital by 51.8% in the third quarter. Point72 Asset Management L.P. now owns 6,124,676 shares of the company’s stock worth $81,029,000 after purchasing an additional 2,089,309 shares during the period. Institutional investors own 52.50% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the company. Citigroup lifted their price objective on PagSeguro Digital from $12.00 to $13.50 in a research note on Monday. JPMorgan Chase & Co. cut their price objective on PagSeguro Digital from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, April 4th. Wells Fargo & Company raised their target price on shares of PagSeguro Digital from $9.50 to $10.00 and gave the company an “equal weight” rating in a research note on Friday, March 3rd. Evercore ISI boosted their price target on shares of PagSeguro Digital from $11.00 to $12.00 in a research note on Friday. Finally, Barclays began coverage on shares of PagSeguro Digital in a research report on Thursday, May 11th. They set an “overweight” rating and a $16.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $12.81.
PagSeguro Digital Trading Down 13.9 %
PagSeguro Digital (NYSE:PAGS – Get Rating) last released its quarterly earnings data on Thursday, March 2nd. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. PagSeguro Digital had a return on equity of 17.06% and a net margin of 9.73%. The firm had revenue of $752.91 million during the quarter, compared to analyst estimates of $759.47 million. As a group, equities research analysts forecast that PagSeguro Digital Ltd. will post 0.95 earnings per share for the current fiscal year.
PagSeguro Digital Profile
PagSeguro Digital Ltd. is engaged in the provision of financial technology solutions focused on consumers, individual entrepreneurs, micro-merchants, small companies and medium-sized companies in Brazil. Its business model covers the following pillars: Multiple digital payment solutions; In-person payments via POS devices that sell to merchants; Free digital accounts; Issuer of prepaid cards to clients for spending or withdrawing account balances, and Operating as an acquirer.
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