State Street Corp Has $50.87 Million Holdings in PagSeguro Digital Ltd. (NYSE:PAGS)

State Street Corp lifted its stake in PagSeguro Digital Ltd. (NYSE:PAGS) by 50.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,908,054 shares of the company’s stock after acquiring an additional 1,990,849 shares during the period. State Street Corp owned approximately 1.79% of PagSeguro Digital worth $50,868,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Incline Global Management LLC increased its stake in PagSeguro Digital by 31.8% during the third quarter. Incline Global Management LLC now owns 1,189,270 shares of the company’s stock valued at $10,240,000 after acquiring an additional 287,181 shares during the period. Centiva Capital LP grew its holdings in shares of PagSeguro Digital by 17.1% during the 3rd quarter. Centiva Capital LP now owns 42,042 shares of the company’s stock worth $362,000 after purchasing an additional 6,138 shares in the last quarter. Point72 Hong Kong Ltd increased its position in shares of PagSeguro Digital by 34.6% during the third quarter. Point72 Hong Kong Ltd now owns 10,767 shares of the company’s stock valued at $93,000 after purchasing an additional 2,767 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in shares of PagSeguro Digital in the third quarter valued at $667,000. Finally, Maverick Capital Ltd. boosted its stake in PagSeguro Digital by 21.9% during the third quarter. Maverick Capital Ltd. now owns 151,045 shares of the company’s stock worth $1,300,000 after buying an additional 27,178 shares in the last quarter. Institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Stock Performance

Shares of PAGS stock opened at $6.26 on Friday. The stock’s fifty day moving average is $7.82 and its 200-day moving average is $10.09. PagSeguro Digital Ltd. has a 52 week low of $6.11 and a 52 week high of $14.98. The stock has a market capitalization of $2.06 billion, a PE ratio of 5.17, a PEG ratio of 0.44 and a beta of 1.92.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group dropped their price objective on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Susquehanna cut their price target on shares of PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a research note on Monday, November 18th. Morgan Stanley reaffirmed an “underweight” rating and set a $6.50 price objective (down from $14.00) on shares of PagSeguro Digital in a report on Thursday, September 5th. KeyCorp raised PagSeguro Digital to a “hold” rating in a report on Friday, November 15th. Finally, Barclays decreased their price target on PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.