Sonora Investment Management Group LLC Sells 6,465 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Sonora Investment Management Group LLC lessened its stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 19.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,697 shares of the company’s stock after selling 6,465 shares during the period. Sonora Investment Management Group LLC’s holdings in PagSeguro Digital were worth $167,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Robeco Institutional Asset Management B.V. raised its holdings in PagSeguro Digital by 16.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,353,087 shares of the company’s stock worth $39,770,000 after acquiring an additional 874,777 shares in the last quarter. State Street Corp grew its position in shares of PagSeguro Digital by 50.8% in the third quarter. State Street Corp now owns 5,908,054 shares of the company’s stock valued at $50,868,000 after purchasing an additional 1,990,849 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new position in shares of PagSeguro Digital in the third quarter valued at approximately $38,151,000. Geode Capital Management LLC grew its position in shares of PagSeguro Digital by 49.1% in the third quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company’s stock valued at $29,014,000 after purchasing an additional 1,113,103 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in PagSeguro Digital by 101.4% during the third quarter. JPMorgan Chase & Co. now owns 1,985,074 shares of the company’s stock worth $17,091,000 after buying an additional 999,237 shares in the last quarter. Institutional investors own 45.88% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on PAGS. The Goldman Sachs Group cut their target price on PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Susquehanna cut their target price on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a research note on Monday, November 18th. JPMorgan Chase & Co. dropped their price target on PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. KeyCorp upgraded PagSeguro Digital to a “hold” rating in a research note on Friday, November 15th. Finally, Citigroup reiterated a “neutral” rating and issued a $7.00 price target (down from $17.00) on shares of PagSeguro Digital in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, PagSeguro Digital has an average rating of “Moderate Buy” and a consensus target price of $13.18.

PagSeguro Digital Trading Down 2.5 %

NYSE:PAGS opened at $7.46 on Friday. The stock has a market capitalization of $2.46 billion, a PE ratio of 6.16, a price-to-earnings-growth ratio of 0.44 and a beta of 1.94. The firm’s 50 day moving average is $6.84 and its 200 day moving average is $8.93. PagSeguro Digital Ltd. has a 12 month low of $6.11 and a 12 month high of $14.98.

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.