Institutional Insights: Hedge Funds' Moves on PayPal Holdings (PYPL)

2024-03-12

At the meeting held on the quarter ending December 31, 2023, it was reported that there were 1748 hedge funds holding shares of PayPal Holdings (PYPL), with a total of 825,863,824 shares being held. Additionally, 57 ETFs were found to be holding PYPL shares, amounting to 45,551,220 shares in total.

During the last quarter, 633 hedge funds were observed to be buying PYPL shares, while 873 were selling. The selling activity resulted in 88,729,885 shares being offloaded, whereas 66,148,628 shares were bought. Moreover, it was noted that 109 hedge funds had doubled their position on PYPL, while 27 funds had sold at least 90% of their PYPL shares.

Among the top institutions holding PYPL shares were Vanguard Group Inc., BlackRock Inc., and State Street Corp. Conversely, the most pessimistic institutions included Mitsubishi UFJ Asset Management Co., Ltd., and Arrowstreet Capital, Limited Partnership. On the other hand, the most optimistic institutions were Two Sigma Advisers, LP, and Susquehanna International Group, LLP.

The data presented at the meeting, sourced from sharkstracker.com, offered a data-driven perspective on the market dynamics surrounding PayPal Holdings, shedding light on the activities of various hedge funds and institutions in relation to PYPL shares.