Edgestream Partners L.P. increased its position in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 146.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 203,744 shares of the company's stock after acquiring an additional 121,207 shares during the quarter. Edgestream Partners L.P. owned approximately 0.06% of PagSeguro Digital worth $1,754,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the company. Marshall Wace LLP raised its stake in PagSeguro Digital by 55.5% during the second quarter. Marshall Wace LLP now owns 6,994,870 shares of the company's stock worth $81,770,000 after purchasing an additional 2,497,968 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in PagSeguro Digital by 26.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 5,478,310 shares of the company's stock worth $47,168,000 after purchasing an additional 1,144,590 shares during the period. Millennium Management LLC raised its stake in PagSeguro Digital by 115.1% during the second quarter. Millennium Management LLC now owns 3,813,901 shares of the company's stock worth $44,585,000 after purchasing an additional 2,040,704 shares during the period. Acadian Asset Management LLC raised its stake in PagSeguro Digital by 35.7% during the second quarter. Acadian Asset Management LLC now owns 2,454,259 shares of the company's stock worth $28,670,000 after purchasing an additional 645,562 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of PagSeguro Digital by 6.5% in the 1st 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. Institutional investors and hedge funds own 45.88% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. Cantor Fitzgerald raised shares of PagSeguro Digital to a "strong-buy" rating in a research note on Thursday, October 3rd. Itau BBA Securities downgraded shares of PagSeguro Digital from an "outperform" rating to a "market perform" rating and set a $12.00 target price on the stock. in a research note on Tuesday, October 1st. The Goldman Sachs Group cut their target price on shares of PagSeguro Digital from $14.00 to $12.00 and set a "buy" rating on the stock in a research note on Friday, November 15th. Susquehanna cut their target price on shares of PagSeguro Digital from $19.00 to $16.00 and set a "positive" rating on the stock in a research note on Monday, November 18th. Finally, Morgan Stanley reissued an "underweight" rating and issued a $6.50 target price (down previously from $14.00) on shares of PagSeguro Digital in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, PagSeguro Digital currently has an average rating of "Moderate Buy" and an average price target of $14.36.
Get Our Latest Stock Analysis on PagSeguro Digital
PagSeguro Digital Trading Up 2.1 %
PAGS stock traded up $0.16 during mid-day trading on Wednesday, hitting $7.49. 6,236,426 shares of the company were exchanged, compared to its average volume of 4,187,195. The company has a market capitalization of $2.47 billion, a PE ratio of 6.34, a price-to-earnings-growth ratio of 0.39 and a beta of 1.92. PagSeguro Digital Ltd. has a twelve month low of $7.14 and a twelve month high of $14.98. The firm has a fifty day simple moving average of $8.15 and a 200 day simple moving average of $10.49.
About PagSeguro Digital
(
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.
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