Krane Funds Advisors LLC trimmed its stake in PagSeguro Digital Ltd (NYSE:PAGS) by 26.2% in the third quarter, HoldingsChannel reports. The firm owned 28,917 shares of the company’s stock after selling 10,290 shares during the quarter. Krane Funds Advisors LLC’s holdings in PagSeguro Digital were worth $800,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Cubist Systematic Strategies LLC bought a new position in shares of PagSeguro Digital during the 2nd quarter worth approximately $191,000. Partner Investment Management L.P. boosted its stake in shares of PagSeguro Digital by 76.1% during the 2nd quarter. Partner Investment Management L.P. now owns 8,981 shares of the company’s stock worth $249,000 after acquiring an additional 3,880 shares during the period. Zions Bancorporation bought a new position in shares of PagSeguro Digital during the 2nd quarter worth approximately $256,000. Essex Investment Management Co. LLC bought a new position in shares of PagSeguro Digital during the 3rd quarter worth approximately $269,000. Finally, First Trust Advisors LP bought a new position in shares of PagSeguro Digital during the 2nd quarter worth approximately $338,000.
Several research analysts have recently commented on PAGS shares. Zacks Investment Research upgraded PagSeguro Digital from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. Deutsche Bank reduced their target price 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. KeyCorp reduced their target price 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. ValuEngine upgraded PagSeguro Digital from a “hold” rating to a “buy” rating in a research note on Wednesday, October 3rd. Finally, Citigroup upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Tuesday, November 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $33.75.
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About PagSeguro Digital
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.
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