PagSeguro Digital Ltd. (NYSE:PAGS) Shares Bought by Millennium Management LLC

Millennium Management LLC raised its position in PagSeguro Digital Ltd. (NYSE:PAGS) by 115.1% during the 2nd quarter, Holdings Channel reports. The firm owned 3,813,901 shares of the company’s stock after acquiring an additional 2,040,704 shares during the quarter. Millennium Management LLC’s holdings in PagSeguro Digital were worth $44,585,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Point72 Asset Management L.P. lifted its position in shares of PagSeguro Digital by 9.0% in the fourth 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 in the last quarter. Sylebra Capital LLC lifted its position in shares of PagSeguro Digital by 0.7% in the first quarter. Sylebra Capital LLC now owns 9,593,685 shares of the company’s stock valued at $136,998,000 after acquiring an additional 64,671 shares in the last quarter. Marshall Wace LLP lifted its position in shares of PagSeguro Digital by 55.5% in the second quarter. Marshall Wace LLP now owns 6,994,870 shares of the company’s stock valued at $81,770,000 after acquiring an additional 2,497,968 shares in the last quarter. Polunin Capital Partners Ltd lifted its position in shares of PagSeguro Digital by 12.3% in the first quarter. Polunin Capital Partners Ltd now owns 4,088,380 shares of the company’s stock valued at $58,382,000 after acquiring an additional 447,411 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of PagSeguro Digital by 35.7% in the second quarter. Acadian Asset Management LLC now owns 2,454,259 shares of the company’s stock valued at $28,670,000 after acquiring an additional 645,562 shares in the last quarter. 45.88% of the stock is currently owned by hedge funds and other institutional investors.

PagSeguro Digital Stock Down 1.6 %

Shares of NYSE PAGS opened at $8.48 on Wednesday. PagSeguro Digital Ltd. has a fifty-two week low of $6.93 and a fifty-two week high of $14.98. The business has a 50 day moving average price of $11.20 and a two-hundred day moving average price of $12.09. The firm has a market cap of $2.79 billion, a PE ratio of 7.64, a price-to-earnings-growth ratio of 0.47 and a beta of 1.95.

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

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. The Goldman Sachs Group upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Wednesday, June 26th. Morgan Stanley reiterated an “underweight” rating and set a $6.50 target price (down from $14.00) on shares of PagSeguro Digital in a research report on Thursday, September 5th. JPMorgan Chase & Co. increased their target price on PagSeguro Digital from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, June 17th. Barclays reduced their target price on PagSeguro Digital from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Thursday, August 22nd. Finally, UBS Group reduced their target price on PagSeguro Digital from $16.50 to $15.50 and set a “buy” rating on the stock in a research report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $14.80.

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.