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

Waterfront Wealth Inc. raised its stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 28.6% during the 4th quarter, Holdings Channel reports. The fund owned 257,054 shares of the company’s stock after purchasing an additional 57,219 shares during the period. Waterfront Wealth Inc.’s holdings in PagSeguro Digital were worth $1,609,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Robeco Institutional Asset Management B.V. boosted its position in PagSeguro Digital by 16.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,353,087 shares of the company’s stock valued at $39,770,000 after acquiring an additional 874,777 shares in the last quarter. State Street Corp boosted its position in PagSeguro Digital by 50.8% during the 3rd quarter. State Street Corp now owns 5,908,054 shares of the company’s stock valued at $50,868,000 after acquiring an additional 1,990,849 shares in the last quarter. SPX Gestao de Recursos Ltda bought a new stake in PagSeguro Digital during the 3rd quarter valued at $38,151,000. Geode Capital Management LLC boosted its position in shares of PagSeguro Digital by 49.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company’s stock worth $29,014,000 after purchasing an additional 1,113,103 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of PagSeguro Digital by 101.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,985,074 shares of the company’s stock worth $17,091,000 after purchasing an additional 999,237 shares in the last quarter. Institutional investors own 45.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price objective on PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. The Goldman Sachs Group lowered their price objective on PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Susquehanna lowered their price objective on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a research report on Monday, November 18th. Bank of America reissued a “neutral” rating on shares of PagSeguro Digital in a research report on Tuesday, December 10th. Finally, Citigroup reissued a “neutral” rating and issued a $7.00 price objective (down previously from $17.00) on shares of PagSeguro Digital in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $13.18.

PagSeguro Digital Stock Performance

Shares of PAGS opened at $8.19 on Friday. The stock has a 50-day moving average of $6.94 and a two-hundred day moving average of $8.42. PagSeguro Digital Ltd. has a one year low of $6.11 and a one year high of $14.98. The stock has a market cap of $2.70 billion, a P/E ratio of 6.76, a P/E/G ratio of 0.50 and a beta of 1.95.

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.