Top 5 Financial Stocks Today

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

Number of Hedge Fund Holders: 147  

PayPal Holdings, Inc. (NASDAQ: PYPL) is a California-based online payments company founded in 1998. It is placed fourth on our list of top 10 financial stocks today. The firm is most famous for offering favorable exchange rates and giving users the option to maintain accounts in several different currencies at one time. Recently, the company announced that it would accept cryptocurrency payments and link them to its network. The share price of PayPal has been soaring as the pandemic leads to more digital money transfers around the world. 

On May 5, PayPal Holdings, Inc. (NASDAQ: PYPL) posted earnings for the first quarter of 2021, reporting a revenue of more than $6 billion, beating market estimates by $130 million and up more than 30% compared to the revenue from the same period a year ago. 

At the end of the fourth quarter of 2020, 147 hedge funds in the database of Insider Monkey held stakes worth $15.9 billion in the firm, down from 150 in the preceding quarter worth $11.5 billion.