5 Best Stocks To Invest In Right Now According to Hedge Funds

In this article, we discuss the 5 best stocks to invest in right now according to hedge funds. If you want to see our comprehensive analysis of these stocks, go directly to the 15 Best Stocks To Invest In Right Now According to Hedge Funds.

5. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 156

Mastercard Incorporated (NYSE:MA) is a multinational financial services company that provides transaction processing and other payment-related products and services across the globe. Ranked fifth on the list of the 15 best stocks to invest in right now, Mastercard Incorporated (NYSE:MA) has a market capitalization of $357.31 billion.

At the end of the second quarter of 2021, 156 hedge funds in the database of Insider Monkey held stakes worth $17.10 billion in Mastercard Incorporated (NYSE:MA), up from 154 the preceding quarter worth $17.09 billion. Alexander Becker of Codex Capital is the leading shareholder in the company.

On August 17, JPMorgan analyst Tien-tsin Huang raised the firm’s price target on Mastercard Incorporated (NYSE:MA) to $430 from $427 and kept an Overweight rating on the shares.

In the Q2 2021 investor letter of Qualivian Investment Partners, the fund mentioned Mastercard Incorporated (NYSE:MA). Here is what the fund said:

“Mastercard: Q2 revenue and EPS beat consensus estimates by 3.7% and 12% respectively. Operating margins also beat consensus by +240 bps. Gross domestic volume growth of +38.3% (+32.8% in constant currency) was buttressed by continued e-commerce strength and better in-store performance, while purchase volumes grew 41.8% (35.5% in constant currency). Cross border performance was strong, but durability remains uncertain given uncertainty arising from the Delta variant and its impact on travel and tourism. We believe Mastercard has a robust runway for growth given further travel recovery, new/existing partnerships, traction in digital payments, and ongoing economic recovery.”