5 Best Tech Stocks to Buy According to Japanese Billionaire Masayoshi Son

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

Number of Hedge Fund Holders: 143  

PayPal Holdings, Inc. (NASDAQ: PYPL) is a digital payments company based in California. It is placed fourth on our list of 10 best tech stocks to buy according to Japanese billionaire Masayoshi Son. The company’s shares have returned more than 68% to investors in the past twelve months. SB Management has a stake worth more than $1.1 billion in the company. It owns more than 4.8 million shares of PayPal. However, the investment firm has trimmed stake in the payments company by 21% compared to last year. 

On June 24, investment advisory DA Davidson initiated coverage on PayPal Holdings, Inc. (NASDAQ: PYPL) stock with a Buy rating and a price target of $325 on the back of new pricing changes announced by the payments firm earlier that put it in a new light among competitors.

At the end of the first quarter of 2021, 143 hedge funds in the database of Insider Monkey held stakes worth $14.7 billion in PayPal Holdings, Inc. (NASDAQ: PYPL), down from 147 in the preceding quarter worth $15.9 billion.