AdvisorNet Financial Inc Decreases Holdings in PagSeguro Digital Ltd. (NYSE:PAGS)

AdvisorNet Financial Inc reduced its stake in PagSeguro Digital Ltd. (NYSE:PAGS) by 62.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,029 shares of the company’s stock after selling 18,480 shares during the period. AdvisorNet Financial Inc’s holdings in PagSeguro Digital were worth $69,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Harbour Capital Advisors LLC purchased a new position in shares of PagSeguro Digital during the fourth quarter worth approximately $482,000. JPMorgan Chase & Co. increased its position in PagSeguro Digital by 101.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,985,074 shares of the company’s stock valued at $17,091,000 after purchasing an additional 999,237 shares during the period. Principal Financial Group Inc. increased its position in PagSeguro Digital by 23.8% during the 3rd quarter. Principal Financial Group Inc. now owns 403,938 shares of the company’s stock valued at $3,478,000 after purchasing an additional 77,543 shares during the period. SPX Gestao de Recursos Ltda purchased a new position in PagSeguro Digital during the 3rd quarter valued at $38,151,000. Finally, DGS Capital Management LLC bought a new stake in shares of PagSeguro Digital during the 3rd quarter valued at $113,000. Institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Trading Up 1.3 %

Shares of PagSeguro Digital stock opened at $6.73 on Friday. The firm has a market cap of $2.22 billion, a P/E ratio of 5.56, a P/E/G ratio of 0.40 and a beta of 1.94. PagSeguro Digital Ltd. has a 12 month low of $6.11 and a 12 month high of $14.98. The stock’s fifty day moving average price is $7.02 and its 200-day moving average price is $9.30.

Analyst Ratings Changes

PAGS has been the topic of a number of analyst reports. Barclays dropped their price target on shares of PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. KeyCorp upgraded shares of PagSeguro Digital to a “hold” rating in a research note on Friday, November 15th. Citigroup reaffirmed a “neutral” rating and set a $7.00 price objective (down from $17.00) on shares of PagSeguro Digital in a report on Thursday. Bank of America reiterated a “neutral” rating on shares of PagSeguro Digital in a research report on Tuesday, December 10th. Finally, Itau BBA Securities downgraded PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price target for the company. in a research report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, PagSeguro Digital currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.18.

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.