5 Best Stocks to Make Money

3. Coinbase Global, Inc. (NASDAQ:COIN)

Number of Hedge Fund Holders: 49

Coinbase Global, Inc. (NASDAQ:COIN) operates as a fintech firm for the crypto economy. The firm recently beat market estimates on earnings per share for the third quarter by $0.19 but missed on revenue. However, analysts like Canaccord, JPM Securities, and Piper Sandler have reaffirmed their bullish long-term outlook on the stock after the earnings call, touting the potential of NFTs direct deposits as huge catalysts for growth. 

Coinbase Global, Inc. (NASDAQ:COIN) stock has also benefited from a recent rally in cryptocurrencies, with popular coins like Bitcoin and Ether climbing to record highs as smaller ones like Cardano and Litecoin also increase in value. 

Among the hedge funds being tracked by Insider Monkey, New York-based firm ARK Investment Management is a leading shareholder in Coinbase Global, Inc. (NASDAQ:COIN) with 5.6 million shares worth more than $1.4 billion.