5 Stocks Better than Coinbase According to Hedge Funds

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In this article, we discuss the 5 stocks better than Coinbase according to hedge funds. If you want to read our detailed analysis of these stocks, go directly to the 10 Stocks Better than Coinbase (COIN) According to Hedge Funds.

5. Capital One Financial Corporation (NYSE:COF)

Number of Hedge Fund Holders: 64

Capital One Financial Corporation (NYSE:COF) is ranked fifth on our list of 10 stocks better than Coinbase Global, Inc. (NASDAQ:COIN). The firm operates as a financial services holding firm and is headquartered in Virginia. 

On October 5, investment advisory Piper Sandler maintained an Overweight rating on Capital One Financial Corporation (NYSE:COF) stock and raised the price target to $188 from $177, underlining that the shares of the firm still had room to climb higher. 

Out of the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Harris Associates is a leading shareholder in Capital One Financial Corporation (NYSE:COF) with 6 million shares worth more than $967 million. 

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Capital One Financial Corporation (NYSE:COF) was one of them. Here is what the fund said:

“While reducing in health care and consumer staples, we increased our exposure to high-quality names in economically sensitive areas of the market. In financials, we increased our position in Capital One on the premise that a benign consumer credit environment should be sustainable in light of unprecedented government support.”

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