PayPal’s Outlook Downgraded: What It Means for Investors
On November 1, 2024, Phillip Securities adjusted their rating for PayPal Holdings (BRSE:PYPL), moving it from Buy to Accumulate.
Current Fund Sentiment on PayPal
PayPal Holdings has 2,726 funds and institutions tracking their stock, reflecting a slight increase of 6 owners, or 0.22%, over the past quarter. The average portfolio weight for all funds invested in PYPL now stands at 0.39%, which marks an increase of 1.23%. Institutional ownership has also grown, with total shares rising 2.38% in the last three months to 771,282K shares.
The Vanguard Total Stock Market Index Fund Investor Shares holds 33,070K shares, accounting for 3.30% of PayPal’s ownership, down from 33,735K shares, highlighting a reduction of 2.01%. Their portfolio allocation in PYPL has also decreased by 17.42% this past quarter.
Comprehensive Financial Management maintains 28,164K shares, representing 2.81% ownership, with no recent changes noted.
Vanguard 500 Index Fund Investor Shares has a stake of 26,847K shares, or 2.68% of PayPal. Previously, it owned 27,008K shares, marking a decline of 0.60%. Their allocation in PYPL dipped by 18.49% last quarter.
Geode Capital Management’s holdings include 21,714K shares, accounting for 2.17%. This is slightly lower than their previous ownership of 21,731K shares, indicating a decrease of 0.08%. Notably, their portfolio allocation in PYPL fell drastically by 57.11% during the last quarter.
Lastly, Invesco QQQ Trust, Series 1 bolsters 20,147K shares, which constitutes 2.01% ownership, slightly up from 20,089K shares. However, their overall allocation in PYPL has reduced by 21.80% within the last quarter.
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