The Interest in PagSeguro Digital Ltd. Grows Among Institutional Investors

Long Focus Capital Management LLC recently increased its holdings in shares of PagSeguro Digital Ltd. 49.1% during the first quarter, according to its latest SEC filing. The hedge fund now owns 455,800 shares of PagSeguro Digital, worth $3.9 million. Other institutional investors have also been showing interest in the company, such as Capital World Investors, Sylebra Capital Ltd, Point72 Asset Management L.P., Norges Bank, and ANTIPODES PARTNERS Ltd.

PagSeguro Digital Ltd. is a financial technology company that provides solutions and services for consumers, individual entrepreneurs, micro-merchants, and small and medium-sized companies in Brazil and internationally. Their digital ecosystem, PagSeguro Ecosystem, allows clients to address their financial needs, including receiving and spending funds, and managing and growing their businesses. They also offer the PagBank digital account, which provides payment and banking services through a mobile app.

Despite the growing interest from institutional investors, PagSeguro Digital has faced some challenges in the stock market. The stock opened at $8.97, with a 12-month low of $7.51 and a high of $16.56. The company has a market cap of $2.96 billion and a PE ratio of 9.75. Several research analysts have issued reports on the company, with Barclays dropping their price objective and New Street Research reducing their rating to “neutral.” However, HSBC raised their rating to “buy.”

While PagSeguro Digital currently has a “hold” rating among analysts, there are other stocks that top-rated analysts believe are better buys. MarketBeat has identified five stocks that analysts are recommending to their clients. For more information on these stocks and to access MarketBeat’s list of the 10 best stocks to own in 2023, click the link below.

Definitions:
– Hedge fund: A type of investment fund that pools capital from accredited individuals or institutional investors and invests in a variety of assets.
– Institutional investors: Organizations that invest on behalf of others, such as pension funds, insurance companies, and mutual funds.
– Market cap: The total value of a company’s outstanding shares of stock, calculated multiplying the share price the number of shares.

Sources:
– “Long Focus Capital Management LLC Grows Position in PagSeguro Digital Ltd. (NYSE:PAGS)” – SEC filing
– PagSeguro Digital Profile – MarketBeat
– Analyst Ratings Changes – MarketBeat