5 Best ARK Stocks To Buy Now

4. Block, Inc. (NYSE:SQ)

ARK Investment’s Stake Value: $799,455,000

Percentage of ARK Investment’s 13F Portfolio: 4.72%

Number of Hedge Fund Holders: 72

Block, Inc. (NYSE:SQ) is an information technology company. It enables sellers to accept card payments by creating tools to aid the process.

An Overweight rating was kept on Block, Inc. (NYSE:SQ) shares on August 8, by Barclays’ Ramsey El-Assal. The analyst also holds a $130 price target on the stock.

This June, Block, Inc. (NYSE:SQ) announced that it is partnering with Apple and working to bring Tap to Pay on iPhone to Square sellers. The announcement resulted in the stock jumping 7%.

Block, Inc. (NYSE:SQ) was found among the 13F holdings of 72 hedge funds in the second quarter, and 84 hedge funds in the previous quarter. Their total stake values were $3.5 billion and $6.2 billion respectively.