Sonora Investment Management Group LLC Has $167,000 Stock Position in PagSeguro Digital Ltd. (NYSE:PAGS)

Sonora Investment Management Group LLC trimmed its position in PagSeguro Digital Ltd. (NYSE:PAGS) by 19.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,697 shares of the company’s stock after selling 6,465 shares during the quarter. Sonora Investment Management Group LLC’s holdings in PagSeguro Digital were worth $167,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Robeco Institutional Asset Management B.V. increased its position in PagSeguro Digital by 16.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,353,087 shares of the company’s stock worth $39,770,000 after acquiring an additional 874,777 shares during the period. Exchange Traded Concepts LLC increased its position in PagSeguro Digital by 112.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 81,371 shares of the company’s stock worth $509,000 after acquiring an additional 42,990 shares during the period. Harbour Capital Advisors LLC bought a new stake in PagSeguro Digital in the 4th quarter valued at $482,000. JPMorgan Chase & Co. increased its holdings in PagSeguro Digital by 101.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,985,074 shares of the company’s stock valued at $17,091,000 after buying an additional 999,237 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in PagSeguro Digital by 23.8% in the 3rd quarter. Principal Financial Group Inc. now owns 403,938 shares of the company’s stock valued at $3,478,000 after buying an additional 77,543 shares during the period. Institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Stock Performance

NYSE PAGS opened at $7.46 on Friday. The business has a 50 day simple moving average of $6.84 and a 200 day simple moving average of $8.93. PagSeguro Digital Ltd. has a 52-week low of $6.11 and a 52-week high of $14.98. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 6.16, a PEG ratio of 0.44 and a beta of 1.94.

Analyst Upgrades and Downgrades

PAGS has been the topic of several analyst reports. Bank of America reissued a “neutral” rating on shares of PagSeguro Digital in a report on Tuesday, December 10th. Citigroup restated a “neutral” rating and issued a $7.00 target price (down previously from $17.00) on shares of PagSeguro Digital in a research note on Thursday, January 16th. Barclays reduced their target price on shares of PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. KeyCorp upgraded shares of PagSeguro Digital to a “hold” rating in a research note on Friday, November 15th. Finally, The Goldman Sachs Group reduced their price target on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.18.

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.