Exchange Traded Concepts LLC Purchases 42,990 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Exchange Traded Concepts LLC boosted its position in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 112.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,371 shares of the company's stock after acquiring an additional 42,990 shares during the period. Exchange Traded Concepts LLC's holdings in PagSeguro Digital were worth $509,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PAGS. State Street Corp lifted its holdings in shares of PagSeguro Digital by 50.8% during the 3rd quarter. State Street Corp now owns 5,908,054 shares of the company's stock worth $50,868,000 after acquiring an additional 1,990,849 shares during the period. Robeco Institutional Asset Management B.V. lifted 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. SPX Gestao de Recursos Ltda acquired a new stake in PagSeguro Digital during the third quarter valued at approximately $38,151,000. Geode Capital Management LLC grew its stake in shares of PagSeguro Digital by 49.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company's stock valued at $29,014,000 after purchasing an additional 1,113,103 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of PagSeguro Digital by 101.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,985,074 shares of the company's stock worth $17,091,000 after buying an additional 999,237 shares in the last quarter. Institutional investors and hedge funds own 45.88% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on PAGS shares. Susquehanna lowered their price target on PagSeguro Digital from $19.00 to $16.00 and set a "positive" rating on the stock in a research report on Monday, November 18th. Citigroup reaffirmed a "neutral" rating and issued a $7.00 target price (down previously from $17.00) on shares of PagSeguro Digital in a report on Thursday, January 16th. Barclays cut their price target on shares of PagSeguro Digital from $16.00 to $13.00 and set an "overweight" rating for the company in a report on Tuesday, October 15th. KeyCorp upgraded shares of PagSeguro Digital to a "hold" rating in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of PagSeguro Digital from $16.00 to $11.00 and set a "neutral" rating for the company in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $13.18.

PagSeguro Digital Stock Down 2.5 %

NYSE:PAGS traded down $0.20 during trading hours on Friday, hitting $7.46. 5,373,320 shares of the stock were exchanged, compared to its average volume of 3,971,376. The company's 50 day moving average is $6.84 and its two-hundred day moving average is $8.87. The company has a market capitalization of $2.46 billion, a P/E ratio of 6.16, a price-to-earnings-growth ratio of 0.44 and a beta of 1.94. PagSeguro Digital Ltd. has a twelve month low of $6.11 and a twelve month high of $14.98.

PagSeguro Digital 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.