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24,400 Shares in PayPal Holdings, Inc. $PYPL Bought by Polianta Ltd
Polianta Ltd recently acquired 24,400 shares of PayPal Holdings, Inc. (NASDAQ:PYPL) valued at approximately $1.42 million, increasing institutional ownership to 68.3%. This purchase comes despite PayPal missing recent quarterly earnings estimates and a trend of significant insider selling, leading analysts to maintain a “Hold” rating with an average target price of $58.43. The article also highlights mixed sentiments regarding PayPal’s Venmo expansion and regulatory risks.