Wellington Management Group LLP cut its stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS – Free Report) by 79.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 205,925 shares of the company’s stock after selling 815,515 shares during the quarter. Wellington Management Group LLP owned approximately 0.06% of PagSeguro Digital worth $2,568,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Nisa Investment Advisors LLC boosted its position in shares of PagSeguro Digital by 34.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,140 shares of the company’s stock worth $64,000 after purchasing an additional 1,330 shares in the last quarter. Canton Hathaway LLC bought a new position in PagSeguro Digital in the fourth quarter worth approximately $69,000. Principal Securities Inc. acquired a new stake in PagSeguro Digital in the fourth quarter valued at approximately $69,000. Neo Ivy Capital Management bought a new stake in shares of PagSeguro Digital during the third quarter valued at approximately $100,000. Finally, Blue Trust Inc. raised its position in shares of PagSeguro Digital by 13.0% during the fourth quarter. Blue Trust Inc. now owns 12,479 shares of the company’s stock worth $156,000 after purchasing an additional 1,438 shares during the period. 45.88% of the stock is currently owned by institutional investors and hedge funds.
PagSeguro Digital Trading Down 0.8 %
Shares of PagSeguro Digital stock opened at $11.69 on Monday. The firm has a market capitalization of $3.85 billion, a P/E ratio of 10.53, a price-to-earnings-growth ratio of 0.49 and a beta of 1.97. The business’s fifty day simple moving average is $12.10 and its 200 day simple moving average is $12.68. PagSeguro Digital Ltd. has a 12 month low of $6.93 and a 12 month high of $14.98.
Analysts Set New Price Targets
Several analysts recently issued reports on the stock. Evercore ISI raised shares of PagSeguro Digital from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $12.00 to $18.00 in a research report on Tuesday, March 26th. The Goldman Sachs Group raised shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Wednesday, June 26th. Cantor Fitzgerald raised their price target on shares of PagSeguro Digital from $14.00 to $16.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. JPMorgan Chase & Co. boosted their price objective on PagSeguro Digital from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Monday, June 17th. Finally, New Street Research upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating and raised their target price for the company from $15.00 to $18.00 in a report on Monday, March 18th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, PagSeguro Digital has a consensus rating of “Moderate Buy” and a consensus target price of $16.25.
Read Our Latest Stock Analysis on PagSeguro Digital
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.
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