5 Best Fintech Stocks to Buy at a Discount

Page 5 of 5

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

Number of Hedge Fund Holders: 115

PayPal Holdings, Inc. (NASDAQ:PYPL) is one of the most prominent fintech stocks currently trading at a discount. PayPal Holdings, Inc. (NASDAQ:PYPL) has lost about 32% over the past 12 months. In February PayPal Holdings, Inc. (NASDAQ:PYPL) posted strong Q4 results. Adjusted EPS in the period came in at $1.24, beating estimates by $0.04. Revenue in the period increased by about 6.9% year over year to reach $7.4 billion, beating estimates by $10 million. PayPal Holdings, Inc. (NASDAQ:PYPL) also increased its 2023 guidance.

As of the end of the last quarter of 2022, 115 hedge funds tracked by Insider Monkey had stakes in PayPal Holdings, Inc. (NASDAQ:PYPL). The total worth of these stakes was $5.1 billon. The biggest hedge fund stakeholder of PayPal Holdings, Inc. (NASDAQ:PYPL) was Ken Griffin’s Citadel Investment Group which has a $481 million stake in PYPL.

Renaissance Large Cap Growth Strategy made the following comment about PayPal Holdings, Inc. (NASDAQ:PYPL) in its Q4 2022 investor letter:

“Another underperformer in the quarter was PayPal Holdings, Inc. (NASDAQ:PYPL). Despite reporting solid third quarter operating results and announcing new payment agreements with both Apple and Amazon.com, the company guided for a slowdown in e-commerce activity, partly reflecting weakened consumers who are dealing with heightened inflation. However, we still expect growth in PayPal’s core payments platforms to improve in upcoming quarters, driven by easier year-over-year comparisons.”

You can also take a peek at 25 Highest Paying Jobs in the World and Top 50 Perfume Brands in the World.

Page 5 of 5