Millennium Management LLC increased its position in shares of PagSeguro Digital Ltd (NYSE:PAGS) by 86.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,574,329 shares of the company’s stock after purchasing an additional 731,468 shares during the period. Millennium Management LLC owned 1.28% of PagSeguro Digital worth $43,688,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN purchased a new position in shares of PagSeguro Digital in the first quarter valued at approximately $449,000. Neuberger Berman Group LLC purchased a new position in shares of PagSeguro Digital in the first quarter valued at approximately $14,535,000. BlackRock Inc. purchased a new position in PagSeguro Digital in the first quarter worth approximately $100,456,000. Artisan Partners Limited Partnership purchased a new position in PagSeguro Digital in the first quarter worth approximately $11,781,000. Finally, WCM Investment Management CA purchased a new position in PagSeguro Digital in the first quarter worth approximately $13,377,000.

Shares of PagSeguro Digital stock traded up $0.55 during trading on Friday, reaching $27.01. The company’s stock had a trading volume of 2,210,667 shares, compared to its average volume of 3,058,472. The stock has a market capitalization of $3.41 billion and a price-to-earnings ratio of 47.39. PagSeguro Digital Ltd has a fifty-two week low of $24.57 and a fifty-two week high of $39.97.

PagSeguro Digital (NYSE:PAGS) last announced its earnings results on Thursday, August 30th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. The business had revenue of $279.20 million during the quarter, compared to analyst estimates of $248.46 million. On average, equities analysts expect that PagSeguro Digital Ltd will post 0.8 EPS for the current year.

A number of research analysts recently issued reports on PAGS shares. Zacks Investment Research downgraded shares of PagSeguro Digital from a “hold” rating to a “sell” rating in a research note on Thursday, August 16th. Itau BBA Securities started coverage on shares of PagSeguro Digital in a research note on Friday, July 27th. They issued an “outperform” rating and a $37.00 price target for the company. Deutsche Bank decreased their price target on shares of PagSeguro Digital from $47.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, August 31st. Credit Suisse Group reiterated an “underperform” rating and issued a $34.00 price target on shares of PagSeguro Digital in a research note on Tuesday, June 19th. Finally, ValuEngine upgraded shares of PagSeguro Digital from a “hold” rating to a “buy” rating in a research note on Wednesday, October 3rd. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $36.25.

PagSeguro Digital Profile

PagSeguro Digital Ltd. provides financial technology solutions and services for micro-merchants, and small and medium-sized businesses in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, an end-to-end 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; and Free PagSeguro digital account, which centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem.

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Institutional Ownership by Quarter for PagSeguro Digital (NYSE:PAGS)

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