Barclays PLC Buys 190,740 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Barclays PLC lifted its stake in PagSeguro Digital Ltd. (NYSE:PAGS) by 240.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 270,215 shares of the company’s stock after purchasing an additional 190,740 shares during the quarter. Barclays PLC’s holdings in PagSeguro Digital were worth $2,327,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Y.D. More Investments Ltd grew its stake 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 valued at $47,000 after purchasing an additional 1,800 shares during the last quarter. Quarry LP raised its stake in shares of PagSeguro Digital by 156.2% during 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 in the last quarter. EverSource Wealth Advisors LLC bought a new position in shares of PagSeguro Digital during the 2nd quarter worth approximately $74,000. GW Henssler & Associates Ltd. acquired a new stake in PagSeguro Digital in the third quarter valued at approximately $87,000. Finally, Point72 Hong Kong Ltd grew its holdings in PagSeguro Digital by 34.6% in the third 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 last quarter. 45.88% of the stock is currently owned by hedge funds and other institutional investors.

PagSeguro Digital Price Performance

PAGS stock opened at $6.38 on Thursday. The company has a market capitalization of $2.10 billion, a P/E ratio of 5.27, a price-to-earnings-growth ratio of 0.44 and a beta of 1.92. PagSeguro Digital Ltd. has a 12 month low of $6.11 and a 12 month 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.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Morgan Stanley reiterated an “underweight” rating and set a $6.50 price objective (down previously 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. Susquehanna dropped their price target on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating on the stock in a research note on Monday, November 18th. Itau BBA Securities cut shares of PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 target price for the company. in a research note on Tuesday, October 1st. Finally, The Goldman Sachs Group cut their price target on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. One 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $14.00.

About PagSeguro Digital

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.