Los Angeles Capital Management LLC Sells 59,810 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Los Angeles Capital Management LLC lessened its position in PagSeguro Digital Ltd. (NYSE:PAGS) by 53.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 51,141 shares of the company’s stock after selling 59,810 shares during the period. Los Angeles Capital Management LLC’s holdings in PagSeguro Digital were worth $440,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its position in PagSeguro Digital by 23.8% in the 3rd quarter. Principal Financial Group Inc. now owns 403,938 shares of the company’s stock valued at $3,478,000 after acquiring an additional 77,543 shares in the last quarter. Gulf International Bank UK Ltd purchased a new position in shares of PagSeguro Digital in the third quarter worth $111,000. Asset Management One Co. Ltd. lifted its holdings in shares of PagSeguro Digital by 547.7% during the third quarter. Asset Management One Co. Ltd. now owns 28,950 shares of the company’s stock valued at $249,000 after purchasing an additional 24,480 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of PagSeguro Digital by 26.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 5,478,310 shares of the company’s stock valued at $47,168,000 after buying an additional 1,144,590 shares during the last quarter. Finally, GW Henssler & Associates Ltd. bought a new stake in PagSeguro Digital in the 3rd quarter worth about $87,000. Institutional investors own 45.88% of the company’s stock.

Analyst Upgrades and Downgrades

PAGS has been the topic of several research analyst reports. Morgan Stanley restated an “underweight” rating and set a $6.50 target price (down previously from $14.00) on shares of PagSeguro Digital in a research note on Thursday, September 5th. The Goldman Sachs Group dropped their target price on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Friday. Cantor Fitzgerald upgraded shares of PagSeguro Digital to a “strong-buy” rating in a research note on Thursday, October 3rd. Itau BBA Securities downgraded PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price target on the stock. in a research note on Tuesday, October 1st. Finally, Barclays reduced their price objective on PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $14.20.

PagSeguro Digital Stock Down 2.3 %

NYSE PAGS opened at $7.64 on Friday. PagSeguro Digital Ltd. has a 52 week low of $7.56 and a 52 week high of $14.98. The company has a market capitalization of $2.52 billion, a P/E ratio of 6.53, a price-to-earnings-growth ratio of 0.42 and a beta of 1.95. The stock’s 50-day moving average price is $8.50 and its 200-day moving average price is $10.93.

PagSeguro Digital (NYSE:PAGS) last released its earnings results on Tuesday, August 20th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $874.38 million for the quarter, compared to analysts’ expectations of $816.34 million. PagSeguro Digital had a net margin of 10.93% and a return on equity of 14.97%. During the same quarter last year, the business earned $0.26 EPS. Research analysts anticipate that PagSeguro Digital Ltd. will post 1.19 EPS for the current year.

About PagSeguro Digital

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.