AustralianSuper Pty Ltd Purchases 223,265 Shares of PayPal Holdings, Inc. $PYPL

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AustralianSuper Pty Ltd significantly increased its stake in PayPal Holdings, Inc. by purchasing an additional 223,265 shares in the fourth quarter, bringing its total holdings to 571,785 shares valued at approximately $33.4 million. This move is part of a broader trend of institutional investors raising their positions, with 68.32% of PayPal’s stock now held by institutions and hedge funds. Despite recent insider selling and price target adjustments by analysts, PayPal reported better-than-expected Q1 results and is rated a consensus “Hold” with a target price of $55.85.

PYPL0.54%
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