Geode Capital Management LLC Sells 668,958 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Geode Capital Management LLC decreased its position in PagSeguro Digital Ltd. (NYSE:PAGS) by 19.8% during the fourth quarter, HoldingsChannel reports. The firm owned 2,710,851 shares of the company’s stock after selling 668,958 shares during the quarter. Geode Capital Management LLC’s holdings in PagSeguro Digital were worth $16,970,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Signaturefd LLC lifted its position in PagSeguro Digital by 1,306.5% during the 4th quarter. Signaturefd LLC now owns 4,557 shares of the company’s stock worth $29,000 after acquiring an additional 4,233 shares during the last quarter. Raymond James Financial Inc. bought a new stake in PagSeguro Digital during the 4th quarter valued at approximately $79,000. Virtu Financial LLC bought a new stake in PagSeguro Digital during the 3rd quarter valued at approximately $98,000. Xponance Inc. grew its holdings in PagSeguro Digital by 37.8% in the 4th quarter. Xponance Inc. now owns 17,105 shares of the company’s stock valued at $107,000 after buying an additional 4,695 shares during the last quarter. Finally, Cibc World Markets Corp bought a new position in PagSeguro Digital in the 4th quarter worth approximately $110,000. 45.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Citigroup restated a “neutral” rating and set a $7.00 price objective (down previously from $17.00) on shares of PagSeguro Digital in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $11.63.

PagSeguro Digital Price Performance

PAGS stock opened at $8.54 on Friday. The business has a 50-day moving average of $7.94 and a 200-day moving average of $7.60. PagSeguro Digital Ltd. has a fifty-two week low of $6.11 and a fifty-two week high of $14.82. The stock has a market capitalization of $2.82 billion, a P/E ratio of 7.06, a P/E/G ratio of 0.51 and a beta of 1.85.

PagSeguro Digital (NYSE:PAGS) last released its earnings results on Friday, February 21st. The company reported $0.34 earnings per share (EPS) 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 the consensus estimate of $872.66 million. Equities analysts expect that PagSeguro Digital Ltd. will post 1.17 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.