Citigroup Inc. lowered its position in PagSeguro Digital Ltd. (NYSE:PAGS – Free Report) by 57.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,438 shares of the company’s stock after selling 120,399 shares during the period. Citigroup Inc.’s holdings in PagSeguro Digital were worth $779,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in PAGS. BlackRock Inc. lifted its position in PagSeguro Digital by 672.4% in the second quarter. BlackRock Inc. now owns 28,839,358 shares of the company’s stock valued at $272,244,000 after purchasing an additional 25,105,756 shares during the period. Norges Bank acquired a new stake in PagSeguro Digital in the fourth quarter valued at about $70,207,000. State Street Corp lifted its position in PagSeguro Digital by 657.3% in the second quarter. State Street Corp now owns 3,429,461 shares of the company’s stock valued at $32,374,000 after purchasing an additional 2,976,591 shares during the period. Capital World Investors lifted its position in PagSeguro Digital by 15.1% in the first quarter. Capital World Investors now owns 20,291,708 shares of the company’s stock valued at $406,848,000 after purchasing an additional 2,666,516 shares during the period. Finally, Geode Capital Management LLC increased its holdings in PagSeguro Digital by 326.1% in the second quarter. Geode Capital Management LLC now owns 1,947,766 shares of the company’s stock valued at $18,387,000 after buying an additional 1,490,609 shares in the last quarter. Institutional investors and hedge funds own 55.29% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on PAGS shares. New Street Research cut shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and increased their target price for the company from $14.00 to $15.00 in a report on Thursday, February 1st. The Goldman Sachs Group raised shares of PagSeguro Digital from a “sell” rating to a “neutral” rating and increased their target price for the company from $7.40 to $13.80 in a report on Monday, January 22nd. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $14.00 target price on shares of PagSeguro Digital in a report on Friday, November 17th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.85.
Get Our Latest Stock Analysis on PAGS
PagSeguro Digital Price Performance
Shares of PAGS opened at $13.69 on Friday. The firm has a 50 day simple moving average of $12.87 and a 200-day simple moving average of $10.29. PagSeguro Digital Ltd. has a 1-year low of $6.93 and a 1-year high of $14.98. The stock has a market cap of $4.51 billion, a price-to-earnings ratio of 14.19, a price-to-earnings-growth ratio of 1.11 and a beta of 1.81.
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.
See Also
Want to see what other hedge funds are holding PAGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PagSeguro Digital Ltd. (NYSE:PAGS – Free Report).
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