Polunin Capital Partners Ltd reduced its stake in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,920,754 shares of the company's stock after selling 52,300 shares during the period. PagSeguro Digital makes up approximately 6.7% of Polunin Capital Partners Ltd's portfolio, making the stock its 8th biggest position. Polunin Capital Partners Ltd owned about 1.19% of PagSeguro Digital worth $26,340,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of PAGS. Robeco Institutional Asset Management B.V. grew its position in PagSeguro Digital by 16.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,353,087 shares of the company's stock valued at $39,770,000 after acquiring an additional 874,777 shares in the last quarter. Exchange Traded Concepts LLC grew its position in PagSeguro Digital by 112.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 81,371 shares of the company's stock valued at $509,000 after acquiring an additional 42,990 shares in the last quarter. Harbour Capital Advisors LLC acquired a new position in shares of PagSeguro Digital during the fourth quarter worth about $482,000. JPMorgan Chase & Co. boosted its holdings in PagSeguro Digital by 101.4% in the third quarter. JPMorgan Chase & Co. now owns 1,985,074 shares of the company's stock valued at $17,091,000 after purchasing an additional 999,237 shares in the last quarter. Finally, Principal Financial Group Inc. boosted 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 valued at $3,478,000 after purchasing an additional 77,543 shares in the last quarter. 45.88% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. Bank of America reiterated a "neutral" rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. The Goldman Sachs Group dropped their price objective on 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. dropped their price objective on PagSeguro Digital from $16.00 to $11.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. Citigroup reissued 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. Finally, Susquehanna lowered their target price on PagSeguro Digital from $19.00 to $16.00 and set a "positive" rating on the stock in a report on Monday, November 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, PagSeguro Digital presently has a consensus rating of "Moderate Buy" and an average price target of $13.18.
Check Out Our Latest Analysis on PAGS
PagSeguro Digital Trading Up 1.1 %
Shares of PagSeguro Digital stock traded up $0.09 during trading hours on Tuesday, reaching $7.72. The stock had a trading volume of 1,095,092 shares, compared to its average volume of 4,448,176. The firm has a 50 day simple moving average of $6.82 and a two-hundred day simple moving average of $8.63. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 6.36, a P/E/G ratio of 0.48 and a beta of 1.95. PagSeguro Digital Ltd. has a 1 year low of $6.11 and a 1 year high of $14.98.
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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