PayPal’s Rating Shift: From ‘Buy’ to ‘Accumulate’
Fintel reports that on November 1, 2024, Phillip Securities downgraded their outlook for PayPal Holdings (WBAG:PYPL) from Buy to Accumulate.
Fund Sentiment on PayPal Holdings
There are 2,726 funds or institutions reporting positions in PayPal Holdings. This reflects a slight increase of 6 owners, or 0.22%, from the previous quarter. The average portfolio weight of all funds dedicated to PYPL now stands at 0.39%, showing an increase of 1.23%. Additionally, total shares owned by institutions rose by 2.37% over the last three months, totaling 771,282K shares.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares owns 33,070K shares, representing 3.30% of the company. This is a decrease from their previous ownership of 33,735K shares, marking an approximate drop of 2.01%. Their portfolio allocation in PYPL has decreased by 17.42% over the last quarter.
Comprehensive Financial Management maintains 28,164K shares, accounting for 2.81% of ownership in the company, with no changes in the last quarter.
VFINX – Vanguard 500 Index Fund Investor Shares holds 26,847K shares, representing 2.68% ownership. This is a slight reduction from their earlier report of 27,008K shares, indicating a 0.60% decrease. The portfolio allocation in PYPL was decreased by 18.49% in the last quarter.
Geode Capital Management owns 21,714K shares, or 2.17% of the company. Their prior report indicated ownership of 21,731K shares, showing a minimal 0.08% decrease. They significantly reduced their allocation to PYPL by 57.11% over the last quarter.
Invesco QQQ Trust, Series 1 holds 20,147K shares, representing 2.01% ownership. This shows a slight increase from the previous report of 20,089K shares, which is a 0.29% rise. However, their portfolio allocation decreased by 21.80% over the last quarter.
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This story originally appeared on Fintel.
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