Virtu Financial LLC Takes Position in PagSeguro Digital Ltd. (NYSE:PAGS)

Virtu Financial LLC acquired a new stake in PagSeguro Digital Ltd. (NYSE:PAGS) during the third quarter, according to its most recent filing with the SEC. The firm acquired 11,404 shares of the company’s stock, valued at approximately $98,000.

A number of other hedge funds have also recently bought and sold shares of PAGS. Y.D. More Investments Ltd lifted its stake in shares of PagSeguro Digital by 82.5% during the second quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock valued at $47,000 after acquiring an additional 1,800 shares during the period. Family Firm Inc. bought a new stake in PagSeguro Digital during the 2nd quarter worth about $50,000. EverSource Wealth Advisors LLC acquired a new position in PagSeguro Digital during the 2nd quarter valued at about $74,000. Quarry LP boosted its stake in shares of PagSeguro Digital by 156.2% in the 2nd quarter. Quarry LP now owns 6,242 shares of the company’s stock valued at $73,000 after purchasing an additional 3,806 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of PagSeguro Digital by 26.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 6,716 shares of the company’s stock worth $79,000 after buying an additional 1,421 shares during the period. 45.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on PAGS. Itau BBA Securities lowered shares of PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price objective on the stock. in a report on Tuesday, October 1st. Morgan Stanley reissued an “underweight” rating and issued a $6.50 price target (down previously from $14.00) on shares of PagSeguro Digital in a research note on Thursday, September 5th. KeyCorp raised PagSeguro Digital to a “hold” rating in a research note on Friday, November 15th. Susquehanna cut their target price 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. Finally, Barclays decreased their target price 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. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $14.00.

PagSeguro Digital Stock Up 0.6 %

PagSeguro Digital stock opened at $6.26 on Friday. The company has a 50 day moving average of $7.82 and a 200-day moving average of $10.09. PagSeguro Digital Ltd. has a twelve month low of $6.11 and a twelve month high of $14.98. The stock has a market capitalization of $2.06 billion, a PE ratio of 5.17, a price-to-earnings-growth ratio of 0.44 and a beta of 1.92.

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.