PagSeguro Digital Ltd. (NYSE:PAGS) Shares Sold by Fmr LLC

FMR LLC trimmed its position in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 32.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,308,774 shares of the company's stock after selling 6,514,027 shares during the period. FMR LLC owned about 4.04% of PagSeguro Digital worth $114,589,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd increased its holdings in PagSeguro Digital by 82.5% in the second 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 last quarter. Family Firm Inc. acquired a new stake in shares of PagSeguro Digital during the 2nd quarter worth about $50,000. EverSource Wealth Advisors LLC acquired a new stake in shares of PagSeguro Digital during the 2nd quarter worth about $74,000. Quarry LP boosted its holdings in PagSeguro Digital by 156.2% in the second quarter. Quarry LP now owns 6,242 shares of the company's stock valued at $73,000 after purchasing an additional 3,806 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in PagSeguro Digital by 26.8% in the second quarter. Nisa Investment Advisors LLC now owns 6,716 shares of the company's stock valued at $79,000 after purchasing an additional 1,421 shares in the last quarter. Hedge funds and other institutional investors own 45.88% of the company's stock.

PagSeguro Digital Trading Down 1.6 %

Shares of NYSE:PAGS traded down $0.12 during midday trading on Thursday, hitting $7.36. The stock had a trading volume of 5,425,957 shares, compared to its average volume of 4,194,296. PagSeguro Digital Ltd. has a 1 year low of $7.14 and a 1 year high of $14.98. The stock has a 50 day moving average price of $8.12 and a two-hundred day moving average price of $10.47. The company has a market capitalization of $2.43 billion, a PE ratio of 6.19, a P/E/G ratio of 0.38 and a beta of 1.92.

Wall Street Analysts Forecast Growth

PAGS has been the topic of several research analyst reports. Barclays cut their price target on shares of PagSeguro Digital from $16.00 to $13.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 15th. Susquehanna decreased their target price on PagSeguro Digital from $19.00 to $16.00 and set a "positive" rating for the company in a research report on Monday, November 18th. Cantor Fitzgerald raised PagSeguro Digital to a "strong-buy" rating in a research report on Thursday, October 3rd. The Goldman Sachs Group decreased their price objective on PagSeguro Digital from $14.00 to $12.00 and set a "buy" rating for the company in a report on Friday, November 15th. Finally, KeyCorp raised shares of PagSeguro Digital to a "hold" rating in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $14.36.

About PagSeguro Digital

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.