Skandinaviska Enskilda Banken AB publ Buys 641,600 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Skandinaviska Enskilda Banken AB publ grew its stake in PagSeguro Digital Ltd. (NYSE:PAGS) by 768.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 725,100 shares of the company’s stock after acquiring an additional 641,600 shares during the period. Skandinaviska Enskilda Banken AB publ owned 0.22% of PagSeguro Digital worth $8,476,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Point72 Asset Management L.P. grew its holdings in PagSeguro Digital by 9.0% during the fourth quarter. Point72 Asset Management L.P. now owns 10,924,410 shares of the company’s stock worth $136,227,000 after purchasing an additional 906,510 shares during the period. Sylebra Capital LLC grew its holdings in PagSeguro Digital by 0.7% during the first quarter. Sylebra Capital LLC now owns 9,593,685 shares of the company’s stock worth $136,998,000 after purchasing an additional 64,671 shares during the period. Norges Bank bought a new position in PagSeguro Digital during the fourth quarter worth about $54,522,000. Polunin Capital Partners Ltd grew its holdings in PagSeguro Digital by 12.3% during the first quarter. Polunin Capital Partners Ltd now owns 4,088,380 shares of the company’s stock worth $58,382,000 after purchasing an additional 447,411 shares during the period. Finally, SPX Gestao de Recursos Ltda grew its holdings in PagSeguro Digital by 247.4% during the fourth quarter. SPX Gestao de Recursos Ltda now owns 3,759,906 shares of the company’s stock worth $46,886,000 after purchasing an additional 2,677,659 shares during the period. Institutional investors own 45.88% of the company’s stock.

Analysts Set New Price Targets

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

PagSeguro Digital Trading Down 5.2 %

NYSE PAGS opened at $9.06 on Friday. PagSeguro Digital Ltd. has a 1-year low of $6.93 and a 1-year high of $14.98. The company has a 50 day moving average of $11.72 and a 200-day moving average of $12.29. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 8.16, a PEG ratio of 0.46 and a beta of 1.95.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings results 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 net margin of 10.93% and a return on equity of 14.97%. The company had revenue of $874.38 million during the quarter, compared to the consensus estimate of $816.34 million. During the same period in the previous year, the business earned $0.26 earnings per share. On average, equities research analysts forecast that PagSeguro Digital Ltd. will post 1.19 earnings per share 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.