Capital World Investors Has $265.08 Million Stock Position in PagSeguro Digital Ltd. (NYSE:PAGS)

Capital World Investors lowered its position in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 0.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,562,717 shares of the company’s stock after selling 8,042 shares during the quarter. Capital World Investors owned approximately 0.06% of PagSeguro Digital worth $265,076,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in PAGS. Norges Bank acquired a new stake in PagSeguro Digital in the 4th quarter valued at about $54,522,000. TimesSquare Capital Management LLC acquired a new stake in PagSeguro Digital in the 1st quarter valued at about $3,665,000. Metis Global Partners LLC increased its position in PagSeguro Digital by 13.4% in the 4th quarter. Metis Global Partners LLC now owns 235,933 shares of the company’s stock valued at $2,942,000 after acquiring an additional 27,911 shares in the last quarter. Russell Investments Group Ltd. increased its position in PagSeguro Digital by 95.2% in the 1st quarter. Russell Investments Group Ltd. now owns 1,281,587 shares of the company’s stock valued at $18,316,000 after acquiring an additional 625,023 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in PagSeguro Digital by 7.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,197,266 shares of the company’s stock valued at $14,930,000 after acquiring an additional 86,691 shares in the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on PAGS. The Goldman Sachs Group upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Wednesday, June 26th. JPMorgan Chase & Co. lifted their price target on shares of PagSeguro Digital from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, June 17th. Barclays lifted their price target on shares of PagSeguro Digital from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. Finally, UBS Group lowered their price target on shares of PagSeguro Digital from $16.50 to $15.50 and set a “buy” rating for the company in a research report on Monday, July 8th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.44.

PagSeguro Digital Stock Up 1.1 %

PagSeguro Digital stock traded up $0.15 during mid-day trading on Friday, hitting $13.35. 2,279,112 shares of the company’s stock were exchanged, compared to its average volume of 2,842,975. The firm has a market capitalization of $4.40 billion, a P/E ratio of 12.03, a PEG ratio of 0.56 and a beta of 1.92. PagSeguro Digital Ltd. has a fifty-two week low of $6.93 and a fifty-two week high of $14.98. The company’s 50 day simple moving average is $12.23 and its 200-day simple moving average is $12.78.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings results on Friday, May 24th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. PagSeguro Digital had a return on equity of 14.51% and a net margin of 10.70%. The firm had revenue of $869.86 million for the quarter, compared to the consensus estimate of $679.16 million. Research analysts expect that PagSeguro Digital Ltd. will post 1.44 EPS for the current 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.