PagSeguro Digital Ltd. (NYSE:PAGS) Shares Acquired by Incline Global Management LLC

Incline Global Management LLC boosted its position in PagSeguro Digital Ltd. (NYSE:PAGS) by 31.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,189,270 shares of the company’s stock after acquiring an additional 287,181 shares during the period. PagSeguro Digital comprises approximately 4.5% of Incline Global Management LLC’s holdings, making the stock its 6th biggest holding. Incline Global Management LLC owned 0.36% of PagSeguro Digital worth $10,240,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Centiva Capital LP lifted its stake in PagSeguro Digital by 17.1% during the third quarter. Centiva Capital LP now owns 42,042 shares of the company’s stock valued at $362,000 after purchasing an additional 6,138 shares during the last quarter. Point72 Hong Kong Ltd increased its position in PagSeguro Digital by 34.6% in the 3rd 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 in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in PagSeguro Digital during the 3rd quarter worth approximately $667,000. Maverick Capital Ltd. raised its holdings in shares of PagSeguro Digital by 21.9% in the third quarter. Maverick Capital Ltd. now owns 151,045 shares of the company’s stock valued at $1,300,000 after purchasing an additional 27,178 shares during the last quarter. Finally, Edgestream Partners L.P. increased its holdings in shares of PagSeguro Digital by 146.9% in the third quarter. Edgestream Partners L.P. now owns 203,744 shares of the company’s stock valued at $1,754,000 after purchasing an additional 121,207 shares during the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on PAGS shares. Barclays reduced their price target on shares of PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, October 15th. Susquehanna dropped their target price on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating on the stock in a research report on Monday, November 18th. Morgan Stanley reiterated an “underweight” rating and issued a $6.50 target price (down previously from $14.00) on shares of PagSeguro Digital in a report on Thursday, September 5th. The Goldman Sachs Group decreased 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. Finally, KeyCorp raised PagSeguro Digital to a “hold” rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, PagSeguro Digital currently has a consensus rating of “Moderate Buy” and an average target price of $14.36.

PagSeguro Digital Price Performance

Shares of NYSE:PAGS traded up $0.05 during trading on Tuesday, hitting $7.65. 419,057 shares of the company’s stock were exchanged, compared to its average volume of 4,161,640. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 6.28, a PEG ratio of 0.38 and a beta of 1.92. PagSeguro Digital Ltd. has a 52-week low of $7.14 and a 52-week high of $14.98. The business’s 50-day simple moving average is $8.18 and its 200 day simple moving average is $10.53.

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.