5 Beaten Down Stocks Billionaires Are Loading Up On

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

Number of Billionaire Investors In Q1 2023: 19

PayPal Holdings, Inc. (NASDAQ:PYPL) is a payments platform provider. It enables users to make payments online and merchants to accept them, providing a global network. The firm was set up in 1998 and is headquartered in San Jose, California.

Insider Monkey’s first quarter of 2023 survey of 943 hedge funds revealed that 103 had held a stake in the firm. Ken Griffin’s Citadel Investment Group is PayPal Holdings, Inc. (NASDAQ:PYPL)’s largest hedge fund investor in our database since it owns 14 million shares that are worth $1 billion.

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