PagSeguro Digital Ltd. (NYSE:PAGS) Shares Sold by Polunin Capital Partners Ltd

Polunin Capital Partners Ltd reduced its stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 1.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,920,754 shares of the company’s stock after selling 52,300 shares during the quarter. PagSeguro Digital comprises about 6.7% of Polunin Capital Partners Ltd’s holdings, making the stock its 8th largest position. Polunin Capital Partners Ltd’s holdings in PagSeguro Digital were worth $26,340,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of PAGS. SPX Gestao de Recursos Ltda bought a new position in shares of PagSeguro Digital in the 3rd quarter worth $38,151,000. State Street Corp grew its position in shares of PagSeguro Digital by 50.8% during the 3rd quarter. State Street Corp now owns 5,908,054 shares of the company’s stock worth $50,868,000 after buying an additional 1,990,849 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of PagSeguro Digital by 26.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 5,478,310 shares of the company’s stock valued at $47,168,000 after acquiring an additional 1,144,590 shares during the last quarter. Geode Capital Management LLC raised its position in shares of PagSeguro Digital by 49.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company’s stock valued at $29,014,000 after acquiring an additional 1,113,103 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in PagSeguro Digital by 101.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,985,074 shares of the company’s stock worth $17,091,000 after acquiring an additional 999,237 shares during the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on PAGS. Barclays cut their target price on shares of PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 15th. KeyCorp upgraded PagSeguro Digital to a “hold” rating in a report on Friday, November 15th. Susquehanna decreased their target price on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a research note on Monday, November 18th. JPMorgan Chase & Co. dropped their price target on PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Finally, Bank of America reissued a “neutral” rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, PagSeguro Digital currently has an average rating of “Moderate Buy” and a consensus target price of $13.18.

PagSeguro Digital Stock Down 2.6 %

PAGS stock opened at $7.65 on Friday. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 6.32, a P/E/G ratio of 0.46 and a beta of 1.95. PagSeguro Digital Ltd. has a twelve month low of $6.11 and a twelve month high of $14.98. The business has a 50 day moving average price of $6.82 and a two-hundred day moving average price of $8.78.

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.