Waterfront Wealth Inc. Buys 57,219 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Waterfront Wealth Inc. lifted its stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 28.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 257,054 shares of the company’s stock after acquiring an additional 57,219 shares during the quarter. Waterfront Wealth Inc. owned approximately 0.08% of PagSeguro Digital worth $1,609,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. GW Henssler & Associates Ltd. bought a new position in shares of PagSeguro Digital in the third quarter worth about $87,000. Point72 Hong Kong Ltd boosted its stake in shares of 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 acquiring an additional 2,767 shares during the period. Virtu Financial LLC bought a new position in shares of PagSeguro Digital in the third quarter worth about $98,000. Gulf International Bank UK Ltd bought a new position in shares of PagSeguro Digital in the third quarter worth about $111,000. Finally, DGS Capital Management LLC bought a new position in shares of PagSeguro Digital in the third quarter worth about $113,000. 45.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PAGS has been the subject of a number of recent analyst reports. KeyCorp raised PagSeguro Digital to a “hold” rating in a research note on Friday, November 15th. Bank of America reissued a “neutral” rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. Citigroup reissued a “neutral” rating and set a $7.00 price target (down from $17.00) on shares of PagSeguro Digital in a research note on Thursday, January 16th. Susquehanna dropped their price target on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a research note on Monday, November 18th. Finally, The Goldman Sachs Group dropped their price target on PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $13.18.

PagSeguro Digital Stock Performance

Shares of NYSE PAGS opened at $8.19 on Friday. The business’s 50 day moving average price is $6.94 and its 200-day moving average price is $8.42. PagSeguro Digital Ltd. has a fifty-two week low of $6.11 and a fifty-two week high of $14.98. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 6.76, a PEG ratio of 0.50 and a beta of 1.95.

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.