PagSeguro Digital Ltd (NYSE:PAGS) was the target of unusually large options trading on Thursday. Stock investors purchased 21,410 call options on the company. This is an increase of approximately 1,981% compared to the typical daily volume of 1,029 call options.
Several hedge funds have recently modified their holdings of PAGS. Allianz Asset Management GmbH bought a new stake in shares of PagSeguro Digital in the 3rd quarter worth approximately $463,000. Paloma Partners Management Co purchased a new position in shares of PagSeguro Digital in the 3rd quarter valued at approximately $516,000. Putnam Investments LLC lifted its stake in shares of PagSeguro Digital by 170.2% in the 3rd quarter. Putnam Investments LLC now owns 729,879 shares of the company’s stock valued at $20,196,000 after purchasing an additional 459,776 shares during the period. Neuberger Berman Group LLC lifted its stake in shares of PagSeguro Digital by 139.4% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,042,716 shares of the company’s stock valued at $28,852,000 after purchasing an additional 607,178 shares during the period. Finally, Teachers Advisors LLC lifted its stake in shares of PagSeguro Digital by 22.8% in the 3rd quarter. Teachers Advisors LLC now owns 600,857 shares of the company’s stock valued at $16,626,000 after purchasing an additional 111,400 shares during the period.
PAGS traded up $0.13 on Friday, hitting $27.51. 2,128,387 shares of the company were exchanged, compared to its average volume of 2,101,149. PagSeguro Digital has a 12 month low of $17.02 and a 12 month high of $36.07. The firm has a market cap of $8.97 billion, a price-to-earnings ratio of 31.26, a PEG ratio of 0.85 and a beta of 0.94.
Several analysts have weighed in on the company. Zacks Investment Research upgraded PagSeguro Digital from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Wednesday, February 13th. HSBC initiated coverage on PagSeguro Digital in a research report on Tuesday. They set a “reduce” rating and a $24.00 price objective on the stock. Finally, JPMorgan Chase & Co. upgraded PagSeguro Digital from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $27.00 to $35.00 in a research report on Wednesday, March 27th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. PagSeguro Digital has a consensus rating of “Hold” and a consensus target price of $31.52.
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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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