PagSeguro Digital Ltd. (NYSE:PAGS) Stock Position Raised by Incline Global Management LLC

Incline Global Management LLC increased its position in PagSeguro Digital Ltd. (NYSE:PAGS) by 31.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,189,270 shares of the company’s stock after acquiring an additional 287,181 shares during the period. PagSeguro Digital makes up about 4.5% of Incline Global Management LLC’s investment portfolio, making the stock its 6th largest position. Incline Global Management LLC’s holdings in PagSeguro Digital were worth $10,240,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of PAGS. Centiva Capital LP boosted its position in shares of PagSeguro Digital by 17.1% in the 3rd quarter. Centiva Capital LP now owns 42,042 shares of the company’s stock worth $362,000 after purchasing an additional 6,138 shares during the last quarter. 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 buying an additional 2,767 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in PagSeguro Digital in the 3rd quarter valued at $667,000. Maverick Capital Ltd. boosted its stake in PagSeguro Digital by 21.9% in the 3rd quarter. Maverick Capital Ltd. now owns 151,045 shares of the company’s stock worth $1,300,000 after purchasing an additional 27,178 shares during the period. Finally, Edgestream Partners L.P. increased its position in shares of PagSeguro Digital by 146.9% during the 3rd 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. 45.88% of the stock is owned by institutional investors and hedge funds.

PagSeguro Digital Price Performance

Shares of PAGS stock traded up $0.05 during trading hours on Tuesday, reaching $7.65. The stock had a trading volume of 419,057 shares, compared to its average volume of 4,161,640. PagSeguro Digital Ltd. has a twelve month low of $7.14 and a twelve month high of $14.98. The firm has a market capitalization of $2.52 billion, a PE ratio of 6.28, a price-to-earnings-growth ratio of 0.38 and a beta of 1.92. The firm has a 50-day simple moving average of $8.18 and a 200-day simple moving average of $10.53.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PAGS. Susquehanna lowered 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 price objective (down previously from $14.00) on shares of PagSeguro Digital in a report on Thursday, September 5th. Barclays cut their target price 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 report on Thursday, October 3rd. Finally, The Goldman Sachs Group decreased their target price on PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating for the company in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.36.

About PagSeguro Digital

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.