5 Stocks Better than Coinbase According to Hedge Funds

3. Morgan Stanley (NYSE:MS)

Number of Hedge Fund Holders: 69    

Morgan Stanley (NYSE:MS) is a New York-based financial holding company. It is ranked third on our list of 10 stocks better than Coinbase Global, Inc. (NASDAQ:COIN). 

On July 16, investment advisory Argus maintained a Buy rating on Morgan Stanley (NYSE:MS) stock and raised the price target to $105 from $93, noting that the shares of the firm were outperforming peers in the finance marketplace. 

At the end of the second quarter of 2021, 69 hedge funds in the database of Insider Monkey held stakes worth $5.3 billion in Morgan Stanley (NYSE:MS), down from 79 in the preceding quarter worth $5.2 billion.

In its Q1 2021 investor letter, Artisan Partners Limited Partnership, an asset management firm, highlighted a few stocks and Morgan Stanley (NYSE:MS) was one of them. Here is what the fund said:

“Top three contributor Morgan Stanley, a leading global financial services company, came into the portfolio in Q4 as a result of its purchase of E*TRADE. E*TRADE is a great fit on Morgan Stanley’s wealth management platform and provides a considerable amount of non-interest-bearing deposit funding. James Gorman, chairman and CEO, has steadily de-risked Morgan Stanley’s business by adding less volatile fee streams and deemphasizing the risk-obtuse culture of prior management. We believe the market will come to appreciate this mix shift over time.”