PagSeguro Digital Ltd. (NYSE:PAGS) Shares Sold by Verition Fund Management LLC

Verition Fund Management LLC reduced its stake in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 64.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 161,870 shares of the company's stock after selling 290,714 shares during the period. Verition Fund Management LLC's holdings in PagSeguro Digital were worth $1,394,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Y.D. More Investments Ltd grew its stake in PagSeguro Digital by 82.5% during the 2nd quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company's stock worth $47,000 after buying an additional 1,800 shares during the last quarter. Family Firm Inc. purchased a new stake in PagSeguro Digital in the 2nd quarter valued at approximately $50,000. Quarry LP grew its holdings in PagSeguro Digital by 156.2% during the second quarter. Quarry LP now owns 6,242 shares of the company's stock worth $73,000 after acquiring an additional 3,806 shares during the period. EverSource Wealth Advisors LLC acquired a new position in shares of PagSeguro Digital during the 2nd quarter worth $74,000. Finally, Nisa Investment Advisors LLC grew its position in PagSeguro Digital by 26.8% during the second quarter. Nisa Investment Advisors LLC now owns 6,716 shares of the company's stock worth $79,000 after buying an additional 1,421 shares during the period. Institutional investors and hedge funds own 45.88% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Barclays lowered their price objective on shares of PagSeguro Digital from $16.00 to $13.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 15th. Susquehanna cut their target price on shares of PagSeguro Digital from $19.00 to $16.00 and set a "positive" rating for the company in a research note on Monday, November 18th. The Goldman Sachs Group decreased their price target on shares of 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 shares of PagSeguro Digital to a "strong-buy" rating in a research report on Thursday, October 3rd. Finally, KeyCorp raised shares of PagSeguro Digital to a "hold" rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $14.36.

PagSeguro Digital Stock Performance

Shares of NYSE PAGS traded down $0.25 during trading on Friday, reaching $7.11. The stock had a trading volume of 6,196,033 shares, compared to its average volume of 7,062,820. The stock has a market cap of $2.34 billion, a PE ratio of 5.88, a P/E/G ratio of 0.38 and a beta of 1.92. PagSeguro Digital Ltd. has a one year low of $7.08 and a one year high of $14.98. The firm's 50 day moving average price is $8.05 and its two-hundred day moving average price is $10.39.

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.