Virtu Financial LLC Buys Shares of 11,404 PagSeguro Digital Ltd. (NYSE:PAGS)

Virtu Financial LLC purchased a new position in shares of PagSeguro Digital Ltd. (NYSE:PAGS) in the 3rd quarter, Holdings Channel reports. The firm purchased 11,404 shares of the company’s stock, valued at approximately $98,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PAGS. Nisa Investment Advisors LLC boosted its position in PagSeguro Digital by 26.8% during the second quarter. Nisa Investment Advisors LLC now owns 6,716 shares of the company’s stock valued at $79,000 after purchasing an additional 1,421 shares during the last quarter. Y.D. More Investments Ltd boosted its holdings in shares of PagSeguro Digital by 82.5% in the 2nd quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock valued at $47,000 after buying an additional 1,800 shares during the last quarter. Truvestments Capital LLC grew its stake in shares of PagSeguro Digital by 9.9% in the third quarter. Truvestments Capital LLC now owns 21,410 shares of the company’s stock valued at $184,000 after buying an additional 1,923 shares in the last quarter. Los Angeles Capital Management LLC increased its holdings in PagSeguro Digital by 1.9% during the second quarter. Los Angeles Capital Management LLC now owns 110,951 shares of the company’s stock worth $1,297,000 after buying an additional 2,083 shares during the last quarter. Finally, Point72 Hong Kong Ltd lifted its stake in PagSeguro Digital by 34.6% in the third quarter. Point72 Hong Kong Ltd now owns 10,767 shares of the company’s stock valued at $93,000 after acquiring an additional 2,767 shares during the last quarter. 45.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PAGS has been the topic of several recent analyst reports. Morgan Stanley restated an “underweight” rating and set a $6.50 price objective (down from $14.00) on shares of PagSeguro Digital in a research note on Thursday, September 5th. Barclays lowered their price target on PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 15th. Cantor Fitzgerald raised PagSeguro Digital to a “strong-buy” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. decreased their target price on PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating on the stock in a report on Monday. Finally, Bank of America reaffirmed a “neutral” rating on shares of PagSeguro Digital in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $14.00.

PagSeguro Digital Stock Performance

PAGS stock opened at $6.26 on Friday. PagSeguro Digital Ltd. has a 52 week low of $6.11 and a 52 week high of $14.98. The company’s 50-day simple moving average is $7.82 and its 200 day simple moving average is $10.09. The company 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 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.