Was Arrowstreet Capital Right About These 5 Finance Stocks?

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

Arrowstreet Capital’s Stake Value: $897,536,000

Stock performance over the past 12 months through November 25: -57%

PayPal Holdings, Inc. (NASDAQ:PYPL) is one of the top finance picks of Arrowstreet Capital from the third quarter of 2021, with the hedge fund holding 3.4 million shares of the company, worth $897.5 million, representing 1.12% of the total 13F securities. 

Raymond James analyst John Davis lowered the price target on PayPal Holdings, Inc. (NASDAQ:PYPL) to $229 from $264 and kept an Outperform rating on the shares on January 11.

Here is what Baron Opportunity Fund has to say about PayPal Holdings, Inc. (NASDAQ:PYPL) in its Q3 2021 investor letter:

“PayPal Holdings, Inc. – PayPal first caught consumers’ attention as a peer-to-peer digital payment application, particularly as a convenient and trustworthy way for eBay buyers to pay eBay sellers in the early days of online shopping. Over the years it expanded to become a near ubiquitous online retail payments platform, while also offering other shopping tools and digital services, such as digital wallet, bill pay, Buy Now-Pay Later, crypto-currency, in-store retail, and more. According to PayPal’s CEO, these new acts enabled the company to increase the TAM it “play[s] in” by “over six times in the last three years.” PayPal has 403 million active accounts today and is on its way towards its 750 million target by 2025 and 1 billion longer term, for a total TAM sized at over $1 trillion.”

You can also take a look at Top 11 Stocks With Growth Potential According to Juniper Investment Company and 10 Stocks Hedge Fund Legend Donald Sussman is Buying. 

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