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% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,813,901 shares of the company’s stock after acquiring an additional 2,040,704 shares during the quarter. Millennium Management LLC owned approximately 1.16% of PagSeguro Digital worth $44,585,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PAGS. Headlands Technologies LLC purchased a new position in shares of PagSeguro Digital in the 1st quarter valued at about $30,000. Y.D. More Investments Ltd boosted its stake in shares of PagSeguro Digital by 82.5% in the 2nd quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock valued at $47,000 after buying an additional 1,800 shares during the period. Family Firm Inc. purchased a new position in shares of PagSeguro Digital in the 2nd quarter valued at about $50,000. Covestor Ltd boosted its stake in shares of PagSeguro Digital by 11,990.2% in the 1st quarter. Covestor Ltd now owns 4,957 shares of the company’s stock valued at $71,000 after buying an additional 4,916 shares during the period. Finally, EverSource Wealth Advisors LLC purchased a new position in shares of PagSeguro Digital in the 2nd quarter valued at about $74,000. 45.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PAGS. Morgan Stanley reiterated an “underweight” rating and issued a $6.50 price objective (down previously from $14.00) on shares of PagSeguro Digital in a research note on Thursday, September 5th. Itau BBA Securities cut PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price objective for the company. in a research note on Tuesday. JPMorgan Chase & Co. lifted their price objective on PagSeguro Digital from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Monday, June 17th. UBS Group decreased their target price on PagSeguro Digital from $16.50 to $15.50 and set a “buy” rating for the company in a research note on Monday, July 8th. Finally, Barclays decreased their target price on PagSeguro Digital from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.80.

PagSeguro Digital Trading Down 1.6 %

Shares of NYSE PAGS opened at $8.48 on Wednesday. PagSeguro Digital Ltd. has a twelve month low of $6.93 and a twelve month high of $14.98. The stock has a 50 day moving average of $11.20 and a two-hundred day moving average of $12.09. The stock has a market cap of $2.79 billion, a P/E ratio of 7.64, a P/E/G ratio of 0.47 and a beta of 1.95.

PagSeguro Digital (NYSE:PAGS) last released its earnings results on Tuesday, August 20th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The business had revenue of $874.38 million for the quarter, compared to analyst estimates of $816.34 million. PagSeguro Digital had a return on equity of 14.97% and a net margin of 10.93%. During the same quarter in the previous year, the company posted $0.26 earnings per share. As a group, research analysts predict that PagSeguro Digital Ltd. will post 1.19 earnings per share 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.