SG Americas Securities LLC cut its holdings in PagSeguro Digital Ltd. (NYSE:PAGS – Free Report) by 78.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,541 shares of the company’s stock after selling 163,222 shares during the quarter. SG Americas Securities LLC’s holdings in PagSeguro Digital were worth $392,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. TimesSquare Capital Management LLC purchased a new stake in PagSeguro Digital in the first quarter worth about $3,665,000. Algert Global LLC bought a new position in PagSeguro Digital in the second quarter worth about $1,212,000. Russell Investments Group Ltd. raised its holdings in PagSeguro Digital by 95.2% in the first quarter. Russell Investments Group Ltd. now owns 1,281,587 shares of the company’s stock worth $18,316,000 after purchasing an additional 625,023 shares in the last quarter. Vanguard Group Inc. raised its holdings in PagSeguro Digital by 6.5% in the first quarter. Vanguard Group Inc. now owns 1,505,297 shares of the company’s stock worth $21,496,000 after purchasing an additional 92,026 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its holdings in PagSeguro Digital by 768.4% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 725,100 shares of the company’s stock worth $8,476,000 after purchasing an additional 641,600 shares in the last quarter. 45.88% of the stock is owned by hedge funds and other institutional investors.
PagSeguro Digital Stock Up 0.1 %
Shares of NYSE PAGS opened at $8.34 on Friday. The business’s 50 day moving average price is $10.15 and its 200 day moving average price is $11.61. The firm has a market cap of $2.75 billion, a P/E ratio of 7.51, a P/E/G ratio of 0.42 and a beta of 1.94. PagSeguro Digital Ltd. has a 52 week low of $6.93 and a 52 week high of $14.98.
Analyst Ratings Changes
A number of equities analysts have commented on PAGS shares. Morgan Stanley reiterated an “underweight” rating and issued a $6.50 target price (down from $14.00) on shares of PagSeguro Digital in a report on Thursday, September 5th. Barclays cut their price objective on shares of PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday. 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. Cantor Fitzgerald upgraded shares of PagSeguro Digital to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, Itau BBA Securities downgraded shares of PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price objective on the stock. in a report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $14.50.
View Our Latest Analysis on PagSeguro Digital
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.
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