Hedge Funds Prefer These 5 Stocks Over Square

1. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 162 

Visa Inc. (NYSE:V) is ranked first on our list of 10 stocks that hedge funds prefer over Square, Inc. (NYSE:SQ). The company operates as a payments technology firm and is headquartered in California. 

On September 3, investment advisory maintained an Overweight rating on Morgan Stanley Visa Inc. (NYSE:V) stock with a price target of $282. James Faucette, an analyst at the advisory, issued the ratings update. 

At the end of the second quarter of 2021, 162 hedge funds in the database of Insider Monkey held stakes worth $27 billion in Visa Inc. (NYSE:V).

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Visa Inc. (NYSE:V) was one of them. Here is what the fund said:

“To make room for these new names with more attractive outlooks related to the reopening, we sold out of companies where the thesis is not playing out at the pace we expected including Visa.”

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