Beyond GameStop: Reddit’s WallStreetBets is Now Targeting These 5 Stocks

2. Virgin Galactic Holdings, Inc. (NYSE: SPCE)

Number of Hedge Fund Holders: 17 

Virgin Galactic Holdings, Inc. (NYSE: SPCE) stock has offered investors returns exceeding 25% over the course of the past year. It is placed second on our list of 10 stocks Reddit’s WallStreetBets is now targeting. The company operates as an aerospace entity with the aim of taking tourists into space. The company recently filed to sell $500 million worth of stock. The stock soared briefly earlier this month before taking a breather, although mentions on Reddit forums have kept it from dropping too quickly. 

On July 12, investment advisory Canaccord maintained a Buy rating on Virgin Galactic Holdings, Inc. (NYSE: SPCE) and raised the price target to $48 from $35, noting the recent headlines the firm made when owner Richard Branson took a flight to the edge of space. 

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Renaissance Technologies is a leading shareholder in Virgin Galactic Holdings, Inc. (NYSE: SPCE) with 2.8 million shares worth more than $86 million.