5 Best Digital Currency Stocks To Buy Now

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1. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 166  

Visa Inc. (NYSE:V) operates as a payments technology company worldwide. The firm features on the list of best digital money stocks to invest in. On September 22, the company announced that it would be partnering with Finastra for a Banking as a Service (or BaaS) collaboration to co-develop new functionality on the Payments Hub solutions and implement Visa Direct program. The new capability will give the bank customers of the latter access to cross-border payout capabilities in multiple currencies and countries.

On July 29, Mizuho analyst Dan Dolev maintained a Neutral rating on Visa Inc. (NYSE:V) stock and raised the price target to $220 from $215, noting that US debit growth was stronger at the payments company in the second quarter. 

At the end of the second quarter of 2022, 166 hedge funds in the database of Insider Monkey held stakes worth $24 billion in Visa Inc. (NYSE:V), compared to 159 in the preceding quarter worth $28 billion.

In its Q2 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Visa Inc. (NYSE:V) was one of them. Here is what the fund said:

“The Fund’s holdings in the Payments and Information Services themes also contributed to relative performance. Within Payments, lower exposure to this lagging theme and outperformance of Visa, Inc. (NYSE:V). These global payment networks are viewed as safe havens during market downturns but are also benefiting from resilient payment volumes and a sharp rebound in international travel.”

You can also take a peek at Best Cloud Stocks To Buy and Best Delivery Stocks To Buy.

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