Geode Capital Management LLC Raises Stock Holdings in PagSeguro Digital Ltd. (NYSE:PAGS)

Geode Capital Management LLC lifted its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 49.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,379,809 shares of the company’s stock after purchasing an additional 1,113,103 shares during the quarter. Geode Capital Management LLC owned about 1.03% of PagSeguro Digital worth $29,014,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Y.D. More Investments Ltd increased 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 period. Quarry LP grew its stake in PagSeguro Digital by 156.2% during the 2nd quarter. Quarry LP now owns 6,242 shares of the company’s stock valued at $73,000 after purchasing an additional 3,806 shares in the last quarter. EverSource Wealth Advisors LLC purchased a new stake in PagSeguro Digital during the 2nd quarter worth approximately $74,000. GW Henssler & Associates Ltd. purchased a new stake in PagSeguro Digital during the 3rd quarter worth approximately $87,000. Finally, Point72 Hong Kong Ltd boosted its stake in shares of PagSeguro Digital by 34.6% during the 3rd quarter. Point72 Hong Kong Ltd now owns 10,767 shares of the company’s stock valued at $93,000 after buying an additional 2,767 shares during the last quarter. 45.88% of the stock is currently owned by hedge funds and other institutional investors.

PagSeguro Digital Trading Up 1.4 %

NYSE:PAGS opened at $6.47 on Friday. The firm has a market capitalization of $2.13 billion, a PE ratio of 5.35, a PEG ratio of 0.44 and a beta of 1.92. PagSeguro Digital Ltd. has a 1 year low of $6.11 and a 1 year high of $14.98. The firm’s fifty day simple moving average is $7.63 and its 200 day simple moving average is $9.90.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PAGS shares. KeyCorp raised shares of PagSeguro Digital to a “hold” rating in a research report on Friday, November 15th. Cantor Fitzgerald raised PagSeguro Digital to a “strong-buy” rating in a report on Thursday, October 3rd. Barclays cut their price target on PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 15th. Morgan Stanley restated an “underweight” rating and set a $6.50 price objective (down from $14.00) on shares of PagSeguro Digital in a research note on Thursday, September 5th. Finally, The Goldman Sachs Group dropped their price objective on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $14.00.

PagSeguro Digital 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.