5 Dumbest Companies to Invest In

In this piece, we will take a look at the five dumbest companies to invest in. For more dumb companies, head on over to 10 Dumbest Companies to Invest In.

5. Netflix, Inc. (NASDAQ:NFLX)

Hedge Fund Investors as of Q3 2022: 115

Netflix, Inc. (NASDAQ:NFLX) is an American content streaming platform provider and a film, television show, and documentary producer. The firm also provides mail in services and has more than 200 million paid customers. It was set up in 1997 and is based in Los Gatos, California.

The big mystery of 2023 still remains whether Netflix, Inc. (NASDAQ:NFLX) will charge users extra for sharing their accounts, with some believing that the shift will take place soon. 115 of the 920 hedge funds polled by Insider Monkey during Q3 2022 had bought the firm’s shares.

Netflix, Inc. (NASDAQ:NFLX)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 6.6 million shares that are worth $1.5 billion.

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

Hedge Fund Investors as of Q3 2022: 126

PayPal Holdings, Inc. (NASDAQ:PYPL) is a payment platform provider that allows everyday users and businesses to make their payments all over the globe. The firm is headquartered in San Jose, California,  the United States.

PayPal Holdings, Inc. (NASDAQ:PYPL) is facing the heat these days in Germany regulators investigate whether it is locking in merchants in its platform. By the end of 2022’s September quarter, 126 of the 920 hedge funds polled by Insider Monkey had bought PayPal Holdings, Inc. (NASDAQ:PYPL)’s shares.

Out of these, Ken Fisher’s Fisher Asset Management is the firm’s largest investor, owning 17.6 million shares that are worth $1.5 billion.

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

Hedge Fund Investors as of Q3 2022: 142

Uber Technologies, Inc. (NYSE:UBER) is a ridesharing platform that connects drivers with those looking for a ride. The firm also provides delivery services and it is based in California.

Uber Technologies, Inc. (NYSE:UBER)’s freight division joined the recent wave of layoffs across the U.S. as it announced in January 2023 that it is reducing 3% of its workforce. Insider Monkey took a look at 920 hedge funds for their third quarter of 2022 investments to discover that 142 had held a stake in the company.

Uber Technologies, Inc. (NYSE:UBER)’s largest hedge fund shareholder is Ken Fisher’s Fisher Asset Management which owns 9.2 million shares that are worth $510 million.

2. Mastercard Incorporated (NYSE:MA)

Hedge Fund Investors as of Q3 2022: 146

Mastercard Incorporated (NYSE:MA) is a financial services firm that provides banks and retailers with the ability to conduct cashless transactions. The firm is headquartered in Purchase, New York.

Mastercard Incorporated (NYSE:MA)’s latest earnings report in January 2023 saw the firm warn investors about a slowdown in spending as inflation and high interest rates take their toll. 146 of the 920 hedge funds part of Insider Monkey’s Q3 2022 survey had invested in the firm.

Charles Akre’s Akre Capital Management is Mastercard Incorporated (NYSE:MA)’s largest shareholder. It owns 5.8 million shares that are worth $1.6 billion.

1. Visa Inc. (NYSE:V)

Hedge Fund Investors as of Q3 2022: 165

Visa Inc. (NYSE:V) is another payment platform provider. It offers debit and credit cards to banks for their customers, and terminals to merchants to accept payments.

Just like Mastercard, Visa Inc. (NYSE:V) also believes that U.S. consumer spending is headed for a downturn during the first quarter of this year due to tight economic conditions. Insider Monkey surveyed 920 hedge fund holdings for last year’s third quarter and found out that 165 had bought Visa Inc. (NYSE:V)’s shares.

Chris Hohn’s TCI Fund Management is Visa Inc. (NYSE:V)’s largest hedge fund investor in our database. It owns 19.9 million shares that are worth $3.5 billion.

Disclosure: None. You can also take a peek at 11 Best Agriculture Stocks To Buy Now and 11 Most Undervalued Natural Gas Stocks To Buy.

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