5 Fintech Stocks Redditors are Buying

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

Number of Hedge Fund Holders: 143  

PayPal Holdings, Inc. (NASDAQ: PYPL) is ranked first on our list of 10 fintech stocks Redditors are buying. The firm markets technology and payments solutions and is headquartered in California. 

On September 8, investment advisory Citi maintained a Buy rating on PayPal Holdings, Inc. (NASDAQ: PYPL) stock with a price target of $350. Ashwin Shirvaikar, an analyst at the firm, issued the ratings update. 

At the end of the second quarter of 2021, 143 hedge funds in the database of Insider Monkey held stakes worth $16.3 billion in PayPal Holdings, Inc. (NASDAQ: PYPL), the same as in the preceding quarter worth $14.7 billion.

In its Q4 2020 investor letter, Polen Capital Management, an asset management firm, highlighted a few stocks and PayPal Holdings, Inc. (NASDAQ: PYPL) was one of them. Here is what the fund said:

“For the full year 2020, one of the top performers was PayPal, which we purchased in 2019, the company continues to take market share in digital payments and has seen an acceleration in user adoption and engagement, especially within their “silver tech” or older user demographic. We expect many more years of ongoing double-digit growth from their various business segments and new initiatives.”

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