10 Best Spring Stocks To Buy Now

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

Number of Hedge Fund Holders: 90 

PayPal Holdings, Inc. (NASDAQ:PYPL) operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. In the third quarter of 2024, the company reported net revenues of $7.8 billion, a 6% increase, reflecting solid growth in key operational areas supported by consistent demand and effective market strategies. In November last year, the company introduced an Innovative Money Pooling Feature, helping customers collect and manage funds for group purchases. Rolling out globally across the US, Germany, Italy and Spain, this innovation gives customers the ability to set up a pool in the PayPal app or online, invite friends and family to contribute, track group contributions, and transfer funds to their PayPal balance to spend or withdraw.

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