5 Best NASDAQ Stocks to Buy Now

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1. PayPal Holdings, Inc. (NASDAQ: PYPL

PayPal Holdings, Inc. (NASDAQ: PYPL) is a California-based online payments firm that operates in a majority of countries which accept internet-based money transfers. PayPal serves as an electronic alternative to cheques, money orders and cash. It has a market cap of more than $53 billion. Last month, PayPal announced a new feature that would allow users to checkout with cryptocurrency. The shares of the firm have soared almost 26% since the beginning of the year. It ranks first on our list of 10 best NASDAQ stocks to buy now. 

At the end of the fourth quarter of 2020, 147 hedge funds out of 887 in the Insider Monkey database held stakes in PayPal, down from 150 out of 817 in Q3 2020. The total value of the shares held by these hedge funds in Q4 2020 was over $15.9 billion, up from $15.7 billion in the preceding quarter. Out of the hedge funds being tracked by Insider Monkey, London-based investment firm Fundsmith held the most shares – 12.3 million – worth more than $2.8 billion. Fisher Asset Management was 2nd with 10.6 million shares worth almost $2.5 billion.

You can also take a peek at 10 Best Biotech Stocks To Buy For 2021, Top 10 Best Freelancing Platforms and Websites for 2021 and Billionaire Chamath Palihapitiya’s Portfolio, Stock Picks and Investment Ideas.

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