Mirae Asset Global Investments Co. Ltd. Sells 11,727 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Mirae Asset Global Investments Co. Ltd. lowered its stake in PagSeguro Digital Ltd. (NYSE:PAGS) by 3.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 330,147 shares of the company’s stock after selling 11,727 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.10% of PagSeguro Digital worth $4,117,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. BlackRock Inc. lifted its stake in PagSeguro Digital by 672.4% in the 2nd quarter. BlackRock Inc. now owns 28,839,358 shares of the company’s stock worth $272,244,000 after purchasing an additional 25,105,756 shares in the last quarter. Capital World Investors lifted its stake in PagSeguro Digital by 15.1% in the 1st quarter. Capital World Investors now owns 20,291,708 shares of the company’s stock worth $406,848,000 after purchasing an additional 2,666,516 shares in the last quarter. Sylebra Capital Ltd raised its position in shares of PagSeguro Digital by 3.5% during the 1st quarter. Sylebra Capital Ltd now owns 13,295,793 shares of the company’s stock valued at $113,945,000 after buying an additional 443,953 shares in the last quarter. Sylebra Capital LLC purchased a new stake in shares of PagSeguro Digital during the 3rd quarter valued at about $80,028,000. Finally, Norges Bank purchased a new stake in shares of PagSeguro Digital during the 4th quarter valued at about $70,207,000. Hedge funds and other institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Price Performance

Shares of PAGS stock opened at $12.24 on Tuesday. The company has a market capitalization of $4.03 billion, a P/E ratio of 11.88, a P/E/G ratio of 0.68 and a beta of 1.78. The company’s 50-day simple moving average is $13.48 and its two-hundred day simple moving average is $11.37. PagSeguro Digital Ltd. has a one year low of $6.93 and a one year high of $14.98.

PagSeguro Digital (NYSE:PAGS) last issued its earnings results on Wednesday, February 28th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. The business had revenue of $877.60 million for the quarter, compared to the consensus estimate of $786.91 million. PagSeguro Digital had a net margin of 10.37% and a return on equity of 13.94%. On average, research analysts expect that PagSeguro Digital Ltd. will post 1.3 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on PAGS shares. Evercore ISI upgraded shares of PagSeguro Digital from an “in-line” rating to an “outperform” rating and upped their target price for the company from $12.00 to $18.00 in a research report on Tuesday, March 26th. Cantor Fitzgerald upped their target price on shares of PagSeguro Digital from $14.00 to $16.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Barclays upped their target price on shares of PagSeguro Digital from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. New Street Research upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and upped their target price for the company from $15.00 to $18.00 in a research report on Monday, March 18th. Finally, The Goldman Sachs Group raised shares of PagSeguro Digital from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $7.40 to $13.80 in a research report on Monday, January 22nd. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $15.09.

PagSeguro Digital 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.