PagSeguro Digital Ltd. (NYSE:PAGS) Shares Sold by Matthews International Capital Management LLC


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Matthews International Capital Management LLC lowered its position in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 4.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 10,300 shares of the company’s stock after selling 500 shares during the quarter. Matthews International Capital Management LLC’s holdings in PagSeguro Digital were worth $586,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of PagSeguro Digital by 42.7% during the 4th quarter. BlackRock Inc. now owns 5,310,182 shares of the company’s stock worth $302,042,000 after buying an additional 1,589,317 shares during the last quarter. Sands Capital Management LLC increased its holdings in shares of PagSeguro Digital by 30.6% during the 3rd quarter. Sands Capital Management LLC now owns 4,945,403 shares of the company’s stock worth $186,491,000 after buying an additional 1,157,899 shares during the last quarter. Morgan Stanley increased its holdings in shares of PagSeguro Digital by 1.4% during the 3rd quarter. Morgan Stanley now owns 4,293,942 shares of the company’s stock worth $161,925,000 after buying an additional 61,306 shares during the last quarter. Tekne Capital Management LLC increased its holdings in shares of PagSeguro Digital by 2.4% during the 3rd quarter. Tekne Capital Management LLC now owns 1,964,269 shares of the company’s stock worth $74,432,000 after buying an additional 46,902 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in shares of PagSeguro Digital by 31.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,698,175 shares of the company’s stock worth $64,038,000 after buying an additional 411,023 shares during the last quarter. Institutional investors and hedge funds own 58.50% of the company’s stock.

Several analysts recently weighed in on PAGS shares. KeyCorp lifted their target price on shares of PagSeguro Digital from $50.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, December 16th. The Goldman Sachs Group upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and lifted their target price for the company from $42.00 to $70.00 in a report on Tuesday, January 19th. JPMorgan Chase & Co. upgraded shares of PagSeguro Digital from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $41.00 to $61.00 in a report on Monday, February 1st. Zacks Investment Research upgraded shares of PagSeguro Digital from a “sell” rating to a “buy” rating and set a $59.00 target price for the company in a report on Thursday, January 14th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of PagSeguro Digital from $60.00 to $75.00 and gave the company a “buy” rating in a report on Monday. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. PagSeguro Digital currently has an average rating of “Buy” and a consensus target price of $56.90.

PagSeguro Digital stock opened at $58.79 on Tuesday. The stock has a market cap of $19.27 billion, a P/E ratio of 70.30 and a beta of 1.64. The company has a fifty day simple moving average of $55.56 and a 200-day simple moving average of $46.29. PagSeguro Digital Ltd. has a 12-month low of $13.58 and a 12-month high of $62.83.

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 banking services through the PagBank mobile app; and Free PagSeguro digital account, which centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem.

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Institutional Ownership by Quarter for PagSeguro Digital (NYSE:PAGS)

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