Wells Fargo & Company MN Sells 57,677 Shares of PagSeguro Digital Ltd (PAGS)

Wells Fargo & Company MN lowered its stake in shares of PagSeguro Digital Ltd (NYSE:PAGS) by 10.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 475,258 shares of the company’s stock after selling 57,677 shares during the quarter. Wells Fargo & Company MN owned about 0.39% of PagSeguro Digital worth $13,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of PAGS. Key Square Capital Management LLC raised its stake in PagSeguro Digital by 48.2% in the second quarter. Key Square Capital Management LLC now owns 1,100,000 shares of the company’s stock valued at $30,525,000 after buying an additional 357,765 shares during the last quarter. Senator Investment Group LP purchased a new stake in PagSeguro Digital in the second quarter valued at about $69,375,000. Hunt Lane Capital LP raised its stake in PagSeguro Digital by 9.8% in the second quarter. Hunt Lane Capital LP now owns 2,750,000 shares of the company’s stock valued at $76,313,000 after buying an additional 245,000 shares during the last quarter. Sterling Capital Management LLC raised its stake in PagSeguro Digital by 47.5% in the third quarter. Sterling Capital Management LLC now owns 100,961 shares of the company’s stock valued at $2,794,000 after buying an additional 32,522 shares during the last quarter. Finally, Daiwa SB Investments Ltd. raised its stake in PagSeguro Digital by 116.7% in the third quarter. Daiwa SB Investments Ltd. now owns 480,984 shares of the company’s stock valued at $13,309,000 after buying an additional 259,051 shares during the last quarter.

A number of research firms have commented on PAGS. ValuEngine upgraded PagSeguro Digital from a “hold” rating to a “buy” rating in a research note on Wednesday, October 3rd. Zacks Investment Research upgraded PagSeguro Digital from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Tuesday, November 6th. KeyCorp decreased their price target on PagSeguro Digital from $42.00 to $35.00 and set an “overweight” rating for the company in a research note on Friday, November 30th. Deutsche Bank decreased their price target on PagSeguro Digital from $47.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, August 31st. Finally, Citigroup upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Tuesday, November 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. PagSeguro Digital has a consensus rating of “Buy” and an average price target of $33.75.

Shares of NYSE:PAGS opened at $21.36 on Friday. PagSeguro Digital Ltd has a 52-week low of $20.02 and a 52-week high of $39.97. The stock has a market capitalization of $2.61 billion and a PE ratio of 37.47.

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PagSeguro Digital Company Profile

PagSeguro Digital Ltd. provides financial technology solutions and services for micro-merchants, and small and medium-sized businesses in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, an end-to-end 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; and Free PagSeguro digital account, which centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem.

Further Reading: What is an SEC Filing?

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Institutional Ownership by Quarter for PagSeguro Digital (NYSE:PAGS)

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