Maverick Capital Ltd. Grows Position in PagSeguro Digital Ltd. (NYSE:PAGS)

Maverick Capital Ltd. raised its stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 21.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,045 shares of the company’s stock after purchasing an additional 27,178 shares during the quarter. Maverick Capital Ltd.’s holdings in PagSeguro Digital were worth $1,300,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Marshall Wace LLP increased its position in shares of PagSeguro Digital by 55.5% in the 2nd quarter. Marshall Wace LLP now owns 6,994,870 shares of the company’s stock valued at $81,770,000 after acquiring an additional 2,497,968 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in shares of PagSeguro Digital by 26.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 5,478,310 shares of the company’s stock valued at $47,168,000 after purchasing an additional 1,144,590 shares during the period. Millennium Management LLC increased its holdings in shares of 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 during the period. Acadian Asset Management LLC raised its stake in shares of PagSeguro Digital by 35.7% in the second quarter. Acadian Asset Management LLC now owns 2,454,259 shares of the company’s stock worth $28,670,000 after purchasing an additional 645,562 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of PagSeguro Digital by 6.5% during the first quarter. Vanguard Group Inc. now owns 1,505,297 shares of the company’s stock worth $21,496,000 after purchasing an additional 92,026 shares during the period. Hedge funds and other institutional investors own 45.88% of the company’s stock.

Analysts Set New Price Targets

PAGS has been the topic of several research reports. Morgan Stanley reiterated an “underweight” rating and issued a $6.50 price target (down previously from $14.00) on shares of PagSeguro Digital in a report on Thursday, September 5th. Cantor Fitzgerald upgraded shares of PagSeguro Digital to a “strong-buy” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group decreased their target price on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Barclays lowered their price target on shares of PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 15th. Finally, KeyCorp upgraded PagSeguro Digital to a “hold” rating in a research note 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.com, PagSeguro Digital has an average rating of “Moderate Buy” and an average target price of $14.36.

PagSeguro Digital Trading Down 5.7 %

NYSE PAGS opened at $7.34 on Friday. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 6.07, a PEG ratio of 0.38 and a beta of 1.95. The stock has a 50-day moving average of $8.21 and a 200 day moving average of $10.60. PagSeguro Digital Ltd. has a twelve month low of $7.20 and a twelve month high of $14.98.

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.