Top 5 Stock Picks of Daniel Patrick Gibson’s Sylebra Capital Management

3. PagSeguro Digital Ltd. (NYSE:PAGS)

Sylebra Capital Management’s Stake Value: $490.4 million
Percentage of Sylebra Capital Management’s 13F Portfolio: 11.04%
No. of Hedge Fund Holders: 41

Ranked third on our list of top 10 stock picks of Daniel Patrick Gibson’s Sylebra Capital Management is PagSeguro Digital Ltd. (NYSE:PAGS), which acts as a provider of financial technology solutions. These solutions are focused primarily on Micro-Merchants, Small Companies, and Medium-Sized Companies (SMEs) in Brazil.

At the end of the third quarter of 2021, the company represents 11.04% of the total investment portfolio of the hedge fund.

At the end of the third quarter of 2021, 41 funds out of the 867 tracked by Insider Monkey held stakes worth $2.44 billion, up from 40 in the preceding quarter worth $2.39 billion. Bradesco Corretora reduced their price target on PagSeguro Digital Ltd. (NYSE:PAGS) from $63.00 to $33.00 and has given a “neutral” rating on the stock in the research report dated 22^nd November.

Artisan Partners, an investment management firm, published its first-quarter 2021 investor letter and mentioned PagSeguro Digital Ltd. (NYSE:PAGS). Here is what the fund has to say:

“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.”