Harel Insurance Investments & Financial Services Ltd. Invests $90,000 in PagSeguro Digital Ltd (PAGS)
Harel Insurance Investments & Financial Services Ltd. purchased a new stake in PagSeguro Digital Ltd (NYSE:PAGS) in the 1st quarter, HoldingsChannel.com reports. The fund purchased 3,000 shares of the company’s stock, valued at approximately $90,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of PAGS. Flagship Harbor Advisors LLC acquired a new stake in PagSeguro Digital in the 1st quarter valued at $28,000. Intellectus Partners LLC grew its position in PagSeguro Digital by 72.6% in the 4th quarter. Intellectus Partners LLC now owns 5,350 shares of the company’s stock valued at $100,000 after purchasing an additional 2,250 shares during the period. GSA Capital Partners LLP acquired a new stake in PagSeguro Digital in the 4th quarter valued at $206,000. LPL Financial LLC purchased a new position in PagSeguro Digital during the 4th quarter worth $224,000. Finally, Bank of New York Mellon Corp purchased a new position in PagSeguro Digital during the 4th quarter worth $262,000.
PAGS opened at $25.30 on Friday. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 28.75, a PEG ratio of 0.88 and a beta of 1.18. PagSeguro Digital Ltd has a 1 year low of $17.02 and a 1 year high of $38.80.
A number of research firms have issued reports on PAGS. JPMorgan Chase & Co. raised shares of PagSeguro Digital from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $27.00 to $35.00 in a report on Wednesday, March 27th. Zacks Investment Research raised shares of PagSeguro Digital from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Wednesday, February 13th. Finally, Guggenheim began coverage on shares of PagSeguro Digital in a report on Wednesday, January 9th. They set a “neutral” rating and a $21.65 price objective on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. PagSeguro Digital has a consensus rating of “Hold” and an average price target of $32.46.
WARNING: This piece was posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this piece on another site, it was copied illegally and republished in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://theolympiareport.com/2019/04/20/harel-insurance-investments-financial-services-ltd-invests-90000-in-pagseguro-digital-ltd-pags.html.
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.
Read More: Dollar Cost Averaging
Want to see what other hedge funds are holding PAGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PagSeguro Digital Ltd (NYSE:PAGS).
Receive News & Ratings for PagSeguro Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PagSeguro Digital and related companies with MarketBeat.com's FREE daily email newsletter.