SPX Gestao de Recursos Ltda Takes $38.15 Million Position in PagSeguro Digital Ltd. (NYSE:PAGS)

SPX Gestao de Recursos Ltda acquired a new stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,430,978 shares of the company's stock, valued at approximately $38,151,000. PagSeguro Digital accounts for 5.0% of SPX Gestao de Recursos Ltda's portfolio, making the stock its 4th biggest position. SPX Gestao de Recursos Ltda owned approximately 1.34% of PagSeguro Digital as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Marshall Wace LLP increased its holdings in PagSeguro Digital by 55.5% during the 2nd quarter. Marshall Wace LLP now owns 6,994,870 shares of the company's stock valued at $81,770,000 after purchasing an additional 2,497,968 shares in the last quarter. State Street Corp grew its holdings in shares of PagSeguro Digital by 50.8% during the third quarter. State Street Corp now owns 5,908,054 shares of the company's stock worth $50,868,000 after purchasing an additional 1,990,849 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of PagSeguro Digital by 26.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 5,478,310 shares of the company's stock valued at $47,168,000 after buying an additional 1,144,590 shares in the last quarter. Millennium Management LLC raised its holdings in shares of PagSeguro Digital by 115.1% in the second quarter. Millennium Management LLC now owns 3,813,901 shares of the company's stock valued at $44,585,000 after buying an additional 2,040,704 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in PagSeguro Digital by 49.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company's stock worth $29,014,000 after buying an additional 1,113,103 shares in the last quarter. Institutional investors and hedge funds own 45.88% of the company's stock.

PagSeguro Digital Stock Performance

PAGS traded up $0.10 during midday trading on Friday, reaching $7.05. 5,178,485 shares of the company were exchanged, compared to its average volume of 4,236,825. The stock has a market capitalization of $2.32 billion, a P/E ratio of 5.83, a PEG ratio of 0.44 and a beta of 1.92. PagSeguro Digital Ltd. has a one year low of $6.82 and a one year high of $14.98. The stock's 50-day simple moving average is $7.92 and its 200 day simple moving average is $10.22.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on PAGS shares. Cantor Fitzgerald upgraded shares of PagSeguro Digital to a "strong-buy" rating in a research report on Thursday, October 3rd. Itau BBA Securities lowered shares of PagSeguro Digital from an "outperform" rating to a "market perform" rating and set a $12.00 price target for the company. in a report on Tuesday, October 1st. Bank of America reissued a "neutral" rating on shares of PagSeguro Digital in a research note on Tuesday. KeyCorp upgraded PagSeguro Digital to a "hold" rating in a research report on Friday, November 15th. Finally, The Goldman Sachs Group decreased their price target on PagSeguro Digital from $14.00 to $12.00 and set a "buy" rating on the stock in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, PagSeguro Digital presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.36.

PagSeguro Digital Company 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.