10 Best Digital Payments Stocks To Buy Now

6. American Express Company (NYSE:AXP)

Number of Hedge Fund Investors In Q1 2024: 66

Iconic American Express Company (NYSE:AXP) sits right at the heart of the digital and card based payments industry. Along with Visa and MasterCard, it also upgraded its card products in May 2024 by introducing a new feature to allow businesses to improve the way they allocate and manage employee spending.

As of March 2024 end, 66 out of the 919 hedge funds covered by Insider Monkey’s research were American Express Company (NYSE:AXP)’s stakeholders. Warren Buffett’s Berkshire Hathaway owned a sizeable stake that was worth $34 billion.