Barclays PLC Raises Position in PagSeguro Digital Ltd. (NYSE:PAGS)

Barclays PLC lifted its stake in PagSeguro Digital Ltd. (NYSE:PAGS) by 240.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 270,215 shares of the company’s stock after purchasing an additional 190,740 shares during the quarter. Barclays PLC owned about 0.08% of PagSeguro Digital worth $2,327,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Y.D. More Investments Ltd lifted its position in PagSeguro Digital by 82.5% in the second 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. EverSource Wealth Advisors LLC purchased a new stake in shares of PagSeguro Digital in the second quarter valued at $74,000. Quarry LP lifted its holdings in shares of PagSeguro Digital by 156.2% in the 2nd 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 last quarter. GW Henssler & Associates Ltd. purchased a new position in shares of PagSeguro Digital during the 3rd quarter worth about $87,000. Finally, Point72 Hong Kong Ltd raised its position in PagSeguro Digital by 34.6% in the 3rd quarter. Point72 Hong Kong Ltd now owns 10,767 shares of the company’s stock worth $93,000 after purchasing an additional 2,767 shares during the period. Institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Price Performance

Shares of PagSeguro Digital stock opened at $6.38 on Thursday. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 5.27, a PEG ratio of 0.44 and a beta of 1.92. The firm’s 50-day moving average is $7.63 and its two-hundred day moving average is $9.90. PagSeguro Digital Ltd. has a 1 year low of $6.11 and a 1 year high of $14.98.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Susquehanna dropped their target price on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a research report on Monday, November 18th. Barclays dropped their price objective on PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 15th. JPMorgan Chase & Co. reduced their target price on PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Cantor Fitzgerald raised shares of PagSeguro Digital to a “strong-buy” rating in a research note on Thursday, October 3rd. Finally, Itau BBA Securities downgraded shares of PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price target on the stock. in a research note on Tuesday, October 1st. One 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 assigned a strong buy rating to the company. Based on data from MarketBeat, PagSeguro Digital currently has a consensus rating of “Moderate Buy” and an average price target of $14.00.

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.