Robeco Institutional Asset Management B.V. Buys 874,777 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Robeco Institutional Asset Management B.V. lifted its stake in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 16.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,353,087 shares of the company's stock after purchasing an additional 874,777 shares during the period. Robeco Institutional Asset Management B.V. owned 1.93% of PagSeguro Digital worth $39,770,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Exchange Traded Concepts LLC raised its holdings in PagSeguro Digital by 112.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 81,371 shares of the company's stock worth $509,000 after purchasing an additional 42,990 shares in the last quarter. Harbour Capital Advisors LLC purchased a new position in PagSeguro Digital during the 4th quarter valued at about $482,000. JPMorgan Chase & Co. boosted its stake in PagSeguro Digital by 101.4% during the third quarter. JPMorgan Chase & Co. now owns 1,985,074 shares of the company's stock worth $17,091,000 after acquiring an additional 999,237 shares in the last quarter. Principal Financial Group Inc. grew its holdings in PagSeguro Digital by 23.8% in the third quarter. Principal Financial Group Inc. now owns 403,938 shares of the company's stock worth $3,478,000 after purchasing an additional 77,543 shares during the period. Finally, SPX Gestao de Recursos Ltda bought a new position in shares of PagSeguro Digital during the third quarter valued at approximately $38,151,000. Institutional investors own 45.88% of the company's stock.

PagSeguro Digital Trading Down 2.3 %

NYSE PAGS traded down $0.18 on Monday, reaching $7.28. 4,696,733 shares of the stock were exchanged, compared to its average volume of 4,563,953. The firm has a market capitalization of $2.40 billion, a PE ratio of 6.00, a PEG ratio of 0.46 and a beta of 1.95. PagSeguro Digital Ltd. has a one year low of $6.11 and a one year high of $14.98. The company's 50-day simple moving average is $6.84 and its two-hundred day simple moving average is $8.87.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on PAGS shares. Bank of America restated a "neutral" rating on shares of PagSeguro Digital in a report on Tuesday, December 10th. Citigroup reaffirmed a "neutral" rating and issued a $7.00 target price (down from $17.00) on shares of PagSeguro Digital in a report on Thursday, January 16th. The Goldman Sachs Group cut their price target on shares of PagSeguro Digital from $14.00 to $12.00 and set a "buy" rating on the stock in a report on Friday, November 15th. KeyCorp upgraded shares of PagSeguro Digital to a "hold" rating in a report on Friday, November 15th. Finally, Barclays cut their target price on PagSeguro Digital from $16.00 to $13.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $13.18.

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.