10 Best Digital Payments Stocks To Buy Now

3. PayPal Holdings, Inc. (NASDAQ:PYPL)

Number of Hedge Fund Investors In Q1 2024: 82

PayPal Holdings, Inc. (NASDAQ:PYPL) is widely credited to have reshaped the digital payments industry. Its first quarter earnings were a great example of the link between a robust economy and digital payments stocks. This is because during the quarter, PayPal Holdings, Inc. (NASDAQ:PYPL)’s payments volume stood at $403 billion to mark a 19% growth at a time when the economy was also growing.

During this year’s first quarter, 82 hedge funds part of Insider Monkey’s database had bought a stake in PayPal Holdings, Inc. (NASDAQ:PYPL). Ken Griffin’s Citadel Investment Group owned the biggest stake which was worth $ 581 million.

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