BNP Paribas Financial Markets boosted its position in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 310.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 303,961 shares of the company's stock after acquiring an additional 229,850 shares during the period. BNP Paribas Financial Markets owned 0.09% of PagSeguro Digital worth $2,617,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of PagSeguro Digital by 6.5% in the first quarter. Vanguard Group Inc. now owns 1,505,297 shares of the company's stock valued at $21,496,000 after acquiring an additional 92,026 shares during the period. Price T Rowe Associates Inc. MD raised its stake in PagSeguro Digital by 14.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,702 shares of the company's stock valued at $810,000 after purchasing an additional 7,285 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in PagSeguro Digital by 20.1% in the 2nd quarter. Park Avenue Securities LLC now owns 48,618 shares of the company's stock valued at $568,000 after purchasing an additional 8,139 shares during the period. Csenge Advisory Group boosted its holdings in PagSeguro Digital by 21.0% in the 2nd quarter. Csenge Advisory Group now owns 12,410 shares of the company's stock valued at $145,000 after purchasing an additional 2,152 shares during the period. Finally, SG Americas Securities LLC grew its position in PagSeguro Digital by 1,136.0% in the 2nd quarter. SG Americas Securities LLC now owns 208,763 shares of the company's stock worth $2,440,000 after purchasing an additional 191,873 shares during the last quarter. 45.88% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on PAGS shares. The Goldman Sachs Group reduced their target price on shares of PagSeguro Digital from $14.00 to $12.00 and set a "buy" rating for the company in a research note on Friday, November 15th. Cantor Fitzgerald raised PagSeguro Digital to a "strong-buy" rating in a report on Thursday, October 3rd. Susquehanna decreased their price objective on PagSeguro Digital from $19.00 to $16.00 and set a "positive" rating on the stock in a report on Monday, November 18th. Barclays lowered their price objective on PagSeguro Digital from $16.00 to $13.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 15th. Finally, KeyCorp raised PagSeguro Digital to a "hold" rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, PagSeguro Digital presently has a consensus rating of "Moderate Buy" and an average target price of $14.36.
Get Our Latest Research Report on PAGS
PagSeguro Digital Stock Performance
Shares of NYSE PAGS traded down $0.25 during midday trading on Friday, reaching $7.11. 6,196,033 shares of the company traded hands, compared to its average volume of 7,062,820. The stock's 50-day simple moving average is $8.05 and its 200-day simple moving average is $10.41. The firm has a market cap of $2.34 billion, a PE ratio of 5.88, a PEG ratio of 0.38 and a beta of 1.92. PagSeguro Digital Ltd. has a 12 month low of $7.08 and a 12 month high of $14.98.
PagSeguro Digital Company Profile
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Free Report)
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.
Further Reading
![Institutional Ownership by Quarter for PagSeguro Digital (NYSE:PAGS)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NYSE&Symbol=PAGS)
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