5 Best American Stocks To Buy Now

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In this article, we will take a look at the 5 best American stocks to buy now. If you wish to see our detailed analysis of these stocks, go directly to the 11 Best American Stocks To Buy Now.

5. PayPal Holdings Inc. (NASDAQ:PYPL)

Number of Hedge Fund Holders: 143

Multinational financial services company PayPal Holdings Inc. (NASDAQ:PYPL) engages in the provision of online payment systems in a number of countries across the globe.

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 number of hedge funds with stakes in the company remained unchanged for the first and second quarter.

Of the hedge funds being tracked by Insider Monkey, Alexander Becker’s Codex Capital is a leading shareholder of PayPal Holdings Inc. (NASDAQ:PYPL), with 32,900 shares worth $9.59 billion.

On October 20, Keefe Bruyette analyst Sanjay Sakhrani maintained an Outperform rating on PayPal Holdings, Inc. (NASDAQ:PYPL), alongside a $340 price target on its shares.

Qualivian Investment Partners mentioned PayPal Holdings, Inc. (NASDAQ:PYPL) in their Q2 2021 investor letter and discussed its stance on the firm. Here is what the fund had to say:

PayPal: The company reported a slightly disappointing quarter with revenues growing 19%, missing on the average revenue per transaction due to the accelerated decline in eBay transactions, the higher mix of Braintree transactions, and other impacts from hedging and F/X translations. Given the stock’s significant outperformance in 2020 and heightened expectations coming into the quarter, the stock has been consolidating since the earnings report. Long term we remain bullish on PayPal, given the company’s continued growth in eCommerce end markets, as well as the continued share gains of digital payments/wallets over paper payments.”

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