5 Best Bargain Stocks To Buy Right Now

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

Number of Hedge Fund Holders: 100

YTD Share Price Decline as of June 30: 64.17%

PayPal Holdings, Inc. (NASDAQ:PYPL) is an American multinational fintech company that promotes online transactions. The stock has taken a massive year to date hit, yet it remains one of the legacy payment technology names. On June 22, Credit Suisse analyst Timothy Chiodo maintained an Outperform rating on PayPal Holdings, Inc. (NASDAQ:PYPL) but lowered the price target on the shares to $95 from $100. The analyst’s survey of PayPal Holdings, Inc. (NASDAQ:PYPL)’s business mix and transactions supports his projected 2022-2025 TPV CAGR of 16%, gross profit CAGR of 10%, and an EPS CAGR of 16%.

According to Insider Monkey’s database, 100 hedge funds reported bullish positions in PayPal Holdings, Inc. (NASDAQ:PYPL) at the end of March 2022, compared to 110 funds in the preceding quarter. Ken Fisher’s Fisher Asset Management held the largest stake in the company, with 16.7 million shares worth $1.94 million. 

Here is what Harding Loevner Global Equity Fund has to say about PayPal Holdings, Inc. (NASDAQ:PYPL) in its Q1 2022 investor letter:

“Taking advantage of valuation opportunities created by performance differences, the U.S. FSV strategy increased its weight in underperforming stock PayPal. PayPal (NASDAQ:PYPL) was the second largest new position and similarly lagged the market with a nearly 40% price decline in the first quarter.”