Mediolanum International Funds increased its PayPal stake, institutional ownership reaches 68.32%.

Mediolanum International Funds increased its stake in PayPal Holdings, Inc. (NASDAQ: PYPL) to 4.1%, owning 27,621 shares valued at $2.15 million. Other institutional investors, including Pittenger & Anderson and Tortoise Investment Management, also raised their holdings. PayPal reported quarterly earnings of $1.19 per share, surpassing estimates. Institutional investors own 68.32% of PayPal, which facilitates digital payments globally.

October 27, 2024
7 Articles