Harbour Capital Advisors LLC Invests $482,000 in PagSeguro Digital Ltd. (NYSE:PAGS)

Harbour Capital Advisors LLC bought a new stake in PagSeguro Digital Ltd. (NYSE:PAGS) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 76,710 shares of the company’s stock, valued at approximately $482,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. SPX Gestao de Recursos Ltda purchased a new stake in PagSeguro Digital during the 3rd quarter worth about $38,151,000. Marshall Wace LLP lifted its stake in PagSeguro Digital by 55.5% during the second quarter. Marshall Wace LLP now owns 6,994,870 shares of the company’s stock worth $81,770,000 after purchasing an additional 2,497,968 shares during the last quarter. Millennium Management LLC boosted its holdings in PagSeguro Digital by 115.1% in the second quarter. Millennium Management LLC now owns 3,813,901 shares of the company’s stock valued at $44,585,000 after purchasing an additional 2,040,704 shares in the last quarter. State Street Corp raised its holdings in PagSeguro Digital by 50.8% during the third quarter. State Street Corp now owns 5,908,054 shares of the company’s stock worth $50,868,000 after purchasing an additional 1,990,849 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of PagSeguro Digital by 26.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 5,478,310 shares of the company’s stock worth $47,168,000 after buying an additional 1,144,590 shares during the last quarter. 45.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PAGS. KeyCorp raised shares of PagSeguro Digital to a “hold” rating in a research report on Friday, November 15th. Bank of America reissued a “neutral” rating on shares of PagSeguro Digital in a report on Tuesday, December 10th. Cantor Fitzgerald upgraded PagSeguro Digital to a “strong-buy” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group cut their price target on PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Finally, Itau BBA Securities downgraded PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price objective for the company. in a report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.00.

PagSeguro Digital Stock Up 4.4 %

Shares of PagSeguro Digital stock opened at $6.64 on Tuesday. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 5.49, a price-to-earnings-growth ratio of 0.44 and a beta of 1.94. 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 $7.17 and its 200-day simple moving average is $9.46.

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.