Broyhill Capital Management exited its position in PayPal Holdings (PYPL) in September, while Kovitz Investment Group Partners LLC increased its stake. PayPal has seen recent unusual options activity and shown a well-rounded set of catalysts. The stock hit a 52-week high of $88.75 amidst an active interest from investors. Certain asset management groups like Two Sigma Advisers and State Street Corp have reduced their holdings in PayPal, while others have increased their stake or maintained their positions, signaling a mixed response in the market. A notable increase in transaction margin dollars and ongoing excellent expense discipline are cited as reasons for the firm's Q3 lift. The potential of PayPal as a promising Fintech stock and riding the AI wave is underscored by several experts. With reported 72% institutional ownership, PayPal Holdings remains a favourite amongst institutional investors. Major movements include the launch of a global money pooling feature, aiming at 86M annual group payments. Engagement in activity such as share acquisitions and sell-offs by firms like Worldquant Millennium Advisors LLC, Incline Global Management LLC, and Atom Investors LP, amongst others, also remains high.
Paypal Holdings PYPL News Analytics from Mon, 24 Jun 2024 07:00:00 GMT to Sat, 07 Dec 2024 12:01:53 GMT -
Rating 5
- Innovation 7
- Information 5
- Rumor -2
