PagSeguro Digital Ltd. (NYSE:PAGS) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in PagSeguro Digital Ltd. (NYSE:PAGS) by 101.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,985,074 shares of the company’s stock after purchasing an additional 999,237 shares during the quarter. JPMorgan Chase & Co.’s holdings in PagSeguro Digital were worth $17,091,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Principal Financial Group Inc. increased its position in shares of PagSeguro Digital by 23.8% in the third quarter. Principal Financial Group Inc. now owns 403,938 shares of the company’s stock valued at $3,478,000 after buying an additional 77,543 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in PagSeguro Digital in the 3rd quarter valued at $38,151,000. DGS Capital Management LLC purchased a new stake in PagSeguro Digital in the 3rd quarter worth $113,000. Tidal Investments LLC purchased a new stake in PagSeguro Digital in the 3rd quarter worth $339,000. Finally, Sanctuary Advisors LLC acquired a new position in PagSeguro Digital during the third quarter worth $157,000. Institutional investors and hedge funds own 45.88% of the company’s stock.

PagSeguro Digital Stock Down 4.7 %

NYSE PAGS opened at $6.26 on Friday. The business’s fifty day simple moving average is $7.24 and its 200-day simple moving average is $9.54. The firm has a market cap of $2.06 billion, a PE ratio of 5.17, a P/E/G ratio of 0.44 and a beta of 1.94. PagSeguro Digital Ltd. has a 52 week low of $6.11 and a 52 week high of $14.98.

Analysts Set New Price Targets

A number of research firms have recently commented on PAGS. Bank of America reissued a “neutral” rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. KeyCorp raised PagSeguro Digital to a “hold” rating in a report on Friday, November 15th. Itau BBA Securities downgraded PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 target price on the stock. in a research report on Tuesday, October 1st. Barclays dropped their price target on PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, October 15th. Finally, Susquehanna decreased their price objective on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating on the stock in a report on Monday, November 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.00.

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.