5 Favorite Stocks of Cathie Wood and Ken Fisher

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

Ken Fisher’s Stake Value: $3,120,644,000

Cathie Wood’s Stake Value: $198,282,000

Number of Hedge Fund Holders: 123

PayPal Holdings, Inc. (NASDAQ:PYPL), on November 8, posted earnings for the third quarter of 2021. EPS for the period came in at $1.11, beating estimates by $0.03. The $6.18 billion revenue gained 13.24% year-over-year, but missed analysts’ consensus estimates by $51.87 million. PayPal Holdings, Inc. (NASDAQ:PYPL) is a financial technology corporation offering an online payment platform across a majority of countries. 

Ken Fisher’s Fisher Asset Management is one of the leading PayPal Holdings, Inc. (NASDAQ:PYPL) stakeholders with a $3.12 billion stake, and Cathie Wood holds a $198.2 million position in the company. Overall, 123 hedge funds were bullish on PayPal Holdings, Inc. (NASDAQ:PYPL) in the third quarter, down from 143 funds in the prior quarter. Fundsmith LLP is the largest PayPal Holdings, Inc. (NASDAQ:PYPL) stakeholder, with 12.28 million shares worth $3.19 billion. 

UBS analyst Rayna Kumar on November 17 assumed coverage of PayPal Holdings, Inc. (NASDAQ:PYPL) with a Buy rating and a $263 price target. The analyst states that the pull back after its Q3 earnings release offers an attractive buying opportunity as PayPal Holdings, Inc. (NASDAQ:PYPL) is positioned for accelerated growth due to the increase in digital payments following the COVID-19 pandemic. 

Here is what Baron FinTech Fund has to say about Paypal Holdings, Inc. (NASDAQ:PYPL) in its Q3 2021 investor letter:

“PayPal Holdings, Inc. enables digital payments for consumers and merchants worldwide. Shares fell on quarterly financial results and guidance that were below investor expectations due to a faster roll-off of eBay business, which should only be a temporary headwind. PayPal also announced the acquisition of Paidy, the leading buy-now-pay-later provider in Japan, which expands PayPal’s addressable market into a fast-growing category. We remain investors because we believe PayPal is a prime beneficiary of the secular growth of e-commerce and digital financial services.”