663,904 Shares in PagSeguro Digital Ltd. (NYSE:PAGS) Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 663,904 shares of the company's stock, valued at approximately $5,716,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.20% of PagSeguro Digital at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Citigroup Inc. increased its position in shares of PagSeguro Digital by 587.0% during the third quarter. Citigroup Inc. now owns 1,052,166 shares of the company's stock worth $9,059,000 after purchasing an additional 899,010 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of PagSeguro Digital during the third quarter worth approximately $3,246,000. Principal Financial Group Inc. increased its holdings in shares of PagSeguro Digital by 23.8% in the 3rd quarter. Principal Financial Group Inc. now owns 403,938 shares of the company's stock valued at $3,478,000 after acquiring an additional 77,543 shares during the period. Algert Global LLC purchased a new stake in PagSeguro Digital in the 2nd quarter valued at $1,212,000. Finally, Intech Investment Management LLC acquired a new stake in PagSeguro Digital during the 3rd quarter worth approximately $741,000. 45.88% of the stock is owned by hedge funds and other institutional investors.

PagSeguro Digital Stock Up 0.1 %

Shares of PAGS stock traded up $0.01 on Wednesday, reaching $7.10. 5,082,353 shares of the stock were exchanged, compared to its average volume of 4,225,256. PagSeguro Digital Ltd. has a 1-year low of $6.92 and a 1-year high of $14.98. The stock has a market cap of $2.34 billion, a P/E ratio of 5.87, a price-to-earnings-growth ratio of 0.36 and a beta of 1.92. The firm has a 50 day moving average of $7.97 and a two-hundred day moving average of $10.28.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. KeyCorp upgraded shares of PagSeguro Digital to a "hold" rating in a research report on Friday, November 15th. Bank of America restated a "neutral" rating on shares of PagSeguro Digital in a report on Tuesday. The Goldman Sachs Group reduced their target price on PagSeguro Digital from $14.00 to $12.00 and set a "buy" rating on the stock in a research note on Friday, November 15th. Cantor Fitzgerald raised PagSeguro Digital to a "strong-buy" rating in a research report on Thursday, October 3rd. Finally, Morgan Stanley restated an "underweight" rating and issued a $6.50 target price (down from $14.00) on shares of PagSeguro Digital in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, PagSeguro Digital currently has a consensus rating of "Moderate Buy" and an average target price of $14.36.

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.