Perpetual Ltd Sells 66,856 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Perpetual Ltd decreased its holdings in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 44.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 83,217 shares of the company's stock after selling 66,856 shares during the quarter. Perpetual Ltd's holdings in PagSeguro Digital were worth $521,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Quarry LP boosted its stake in shares of PagSeguro Digital by 156.2% in the 2nd quarter. Quarry LP now owns 6,242 shares of the company's stock valued at $73,000 after purchasing an additional 3,806 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of PagSeguro Digital in the second quarter valued at approximately $74,000. GW Henssler & Associates Ltd. acquired a new stake in shares of PagSeguro Digital in the third quarter valued at approximately $87,000. Point72 Hong Kong Ltd raised its holdings in shares of PagSeguro Digital by 34.6% in the third quarter. Point72 Hong Kong Ltd now owns 10,767 shares of the company's stock valued at $93,000 after purchasing an additional 2,767 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of PagSeguro Digital in the third quarter valued at approximately $98,000. Institutional investors and hedge funds own 45.88% of the company's stock.

PagSeguro Digital Trading Down 0.2 %

NYSE PAGS traded down $0.02 during trading on Thursday, hitting $6.64. 2,190,387 shares of the company's stock were exchanged, compared to its average volume of 4,004,366. The company has a market cap of $2.19 billion, a PE ratio of 5.48, a P/E/G ratio of 0.41 and a beta of 1.94. PagSeguro Digital Ltd. has a fifty-two week low of $6.11 and a fifty-two week high of $14.98. The stock's 50 day moving average price is $6.92 and its two-hundred day moving average price is $9.19.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. KeyCorp upgraded shares of PagSeguro Digital to a "hold" rating in a report on Friday, November 15th. Cantor Fitzgerald upgraded shares of PagSeguro Digital to a "strong-buy" rating in a report on Thursday, October 3rd. The Goldman Sachs Group lowered their target price 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. JPMorgan Chase & Co. lowered their target price on shares of PagSeguro Digital from $16.00 to $11.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. Finally, Itau BBA Securities cut shares of PagSeguro Digital from an "outperform" rating to a "market perform" rating and set a $12.00 price objective for the company. in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, five have issued 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 a consensus rating of "Moderate Buy" and a consensus price target of $13.18.

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.