Axa S.A. Sells 14,583 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Axa S.A. cut its stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 6.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 219,834 shares of the company’s stock after selling 14,583 shares during the quarter. Axa S.A. owned 0.07% of PagSeguro Digital worth $2,570,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Intrepid Capital Management Inc. boosted its stake in shares of PagSeguro Digital by 15.6% during the fourth quarter. Intrepid Capital Management Inc. now owns 267,946 shares of the company’s stock valued at $3,341,000 after purchasing an additional 36,253 shares in the last quarter. Point72 Asset Management L.P. increased its position in PagSeguro Digital by 9.0% in the 4th quarter. Point72 Asset Management L.P. now owns 10,924,410 shares of the company’s stock valued at $136,227,000 after acquiring an additional 906,510 shares during the period. Quadrature Capital Ltd acquired a new stake in PagSeguro Digital in the fourth quarter valued at $444,000. Confluence Investment Management LLC bought a new position in PagSeguro Digital during the 1st quarter worth $149,000. Finally, Los Angeles Capital Management LLC lifted its holdings in PagSeguro Digital by 2.1% during the 1st quarter. Los Angeles Capital Management LLC now owns 108,868 shares of the company’s stock worth $1,555,000 after buying an additional 2,223 shares during the period. Institutional investors own 45.88% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on PAGS shares. Barclays reduced their target price on PagSeguro Digital from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Thursday, August 22nd. Morgan Stanley reaffirmed an “underweight” rating and set a $6.50 price objective (down previously from $14.00) on shares of PagSeguro Digital in a research report on Thursday, September 5th. UBS Group dropped their target price on shares of PagSeguro Digital from $16.50 to $15.50 and set a “buy” rating on the stock in a research report on Monday, July 8th. The Goldman Sachs Group upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Wednesday, June 26th. Finally, JPMorgan Chase & Co. increased their price target on PagSeguro Digital from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Monday, June 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, PagSeguro Digital currently has a consensus rating of “Moderate Buy” and an average target price of $15.11.

PagSeguro Digital Stock Down 3.7 %

PAGS stock opened at $8.61 on Tuesday. The firm has a market capitalization of $2.84 billion, a PE ratio of 7.76, a P/E/G ratio of 0.47 and a beta of 1.95. PagSeguro Digital Ltd. has a twelve month low of $6.93 and a twelve month high of $14.98. The stock’s 50 day moving average is $11.20 and its 200-day moving average is $12.09.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings data on Tuesday, August 20th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. PagSeguro Digital had a net margin of 10.93% and a return on equity of 14.97%. The firm had revenue of $874.38 million for the quarter, compared to the consensus estimate of $816.34 million. During the same period in the previous year, the firm earned $0.26 EPS. On average, equities research analysts anticipate that PagSeguro Digital Ltd. will post 1.19 earnings per share for the current fiscal 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.