Top 5 Stocks Daniel Patrick Gibson’s Sylebra Capital Management is Buying

2. Pagseguro Digital Ltd. (NYSE:PAGS)

Gibson’s Stake Value: $513,133,000
Percentage of Gibson’s 13F Portfolio: 12.72%
Number of Hedge Fund Holders: 40

Pagseguro Digital Ltd. (NYSE:PAGS) is a Brazilian financial services and digital payments company, founded in 2006 and incorporated in the Cayman Islands. Ranking second on our list of the stocks that Daniel Patrick Gibson’s Sylebra Capital Management is buying, Pagseguro Digital Ltd. (NYSE:PAGS) has a market cap of $18.491 billion.

Gibson’s Sylebra Capital Management owns about 9.17 million shares in Pagseguro Digital Ltd. (NYSE:PAGS), amounting to $513.13 million, and making up 12.72% of Gibson’s 13F portfolio. At the end of the second quarter of 2021, 40 hedge funds in Insider Monkey’s database held stakes amounting to $2.39 billion in Pagseguro Digital Ltd. (NYSE:PAGS), up from 33 in the previous quarter with stakes worth over $1.8 billion. The company reported last quarter’s earnings per share of $0.20 on August 12, missing analysts’ consensus estimates of $0.21 by $0.01.

Artisan Partners, in their Q1 2021 investor letter, mentioned Pagseguro Digital Ltd. (NYSE:PAGS) and shared their insights about the company. Here is what they said:

“We also reduced our position in PagSeguro. PagSeguro is making good progress establishing a fast-growing digital bank and expanding its Brazilian payments business despite the pandemic. However, the company’s growth initiatives will require another year of heavy investment spending in 2021. This comes as Brazil’s progress combatting COVID-19 trails many major economies’, casting a cloud over the broader economic outlook. Given these potential headwinds, we trimmed our position to fund higher conviction holdings.