5 Best Stocks Under $100 To Buy Now

In this piece, we will take a look at the five best stocks under $100 to buy now. If you want to learn more about what’s happening on the stock market, then check out 15 Best Stocks Under $100 To Buy Now.

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

Number of Q4 2023 Hedge Fund Shareholders: 87

Latest Share Price: $60.25

PayPal Holdings, Inc. (NASDAQ:PYPL) is the popular payment platform company headquartered in San Jose, California. The only important news for the firm these days is a report that suggests that PayPal Holdings, Inc. (NASDAQ:PYPL)’s payment volumes set a new record in 2023 as they surpassed a cool $1.5 trillion.

Insider Monkey scoured through 933 hedge funds for their fourth quarter of 2023 shareholdings to find that 87 were the firm’s investors. PayPal Holdings, Inc. (NASDAQ:PYPL)’s largest stakeholder among these is Josh Overdeck and David Siegel’s Two Sigma Advisors as it owns $460 million worth of shares.

4. Citigroup Inc. (NYSE:C)

Number of Q4 2023 Hedge Fund Shareholders: 87

Latest Share Price: $55.05

Citigroup Inc. (NYSE:C) is one of the biggest and oldest banks in America. Its investors were in for some good news in February 2024, when Piper Sandler increased Citigroup Inc. (NYSE:C)’s share price target to $63 and upgraded the share rating to Overweight from Neutral.

As of December 2023 end, 87 out of the 933 hedge funds profiled by Insider Monkey had bought and owned Citigroup Inc. (NYSE:C)’s shares. Warren Buffett’s Berkshire Hathaway was the biggest investor as it holds a $2.8 billion stake.

3. Micron Technology, Inc. (NASDAQ:MU)

Number of Q4 2023 Hedge Fund Shareholders: 92

Latest Share Price: $89.71

Micron Technology, Inc. (NASDAQ:MU) is a semiconductor designer and manufacturer headquartered in Boise, Idaho. The firm sought to market its products for bringing AI to smartphones in February 2024 when it shared that it has partnered with Samsung for the technology.

Insider Monkey’s fourth quarter of 2023 survey covering 933 hedge funds revealed that 92 were the firm’s shareholders. Micron Technology, Inc. (NASDAQ:MU)’s largest shareholder is Ken Griffin’s Citadel Investment Group through its $604 million investment.

2. Alibaba Group Holding Limited (NYSE:BABA)

Number of Q4 2023 Hedge Fund Shareholders: 116

Latest Share Price: $74.59

Alibaba Group Holding Limited (NYSE:BABA) is the Chinese technology giant headquartered in Hangzhou, China. The shares are rated Strong Buy on average, and the average analyst share price target is $110.

By the end of last year’s fourth quarter, 116 out of the 933 hedge funds covered by Insider Monkey’s research had held a stake in Alibaba Group Holding Limited (NYSE:BABA). David Tepper’s Appaloosa Management LP was the biggest stakeholder due to its $337 million stake.

1. Uber Technologies, Inc. (NYSE:UBER)

Number of Q4 2023 Hedge Fund Shareholders: 129

Latest Share Price: $77.73

Uber Technologies, Inc. (NYSE:UBER) is a technology company known for its software application that allows for ridesharing, orders, and other actions. The firm scored a big win in February 2024 when it was added to the Dow Jones Transportation Average.

During Q4 2023, 129 out of the 933 hedge funds surveyed by Insider Monkey had bought and owned the firm’s shares. Uber Technologies, Inc. (NYSE:UBER)’s largest hedge fund investor is D. E.  Shaw’s D E Shaw due to its $886 million investment.

Disclosure: None. You can also take a look at 12 Best News and Digital Media Stocks To Buy and 11 Best Brewery and Distillery Stocks to Buy Now.