Primecap Management Adds $77M in PayPal Holdings, Inc. ($PYPL)
Key Points
- Primecap Management changed its PayPal Holdings, Inc. ($PYPL) stake by 22.7% last quarter, boosting to 10,026,490 shares worth $416.40 million.
- Wall Street's consensus rating on $PYPL is Hold and an average price target of $51.54.
- $PYPL last traded around $41.53.
Primecap Management increased its position in PayPal Holdings, Inc. ($PYPL) by 22.7% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,026,490 shares of PayPal Holdings, Inc. after buying 1,858,000 shares during the quarter. Primecap Management's holdings in PayPal Holdings, Inc. were worth $416.40 million as of its most recent filing.
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About PayPal Holdings, Inc.
PayPal Holdings, Inc. operates a technology platform that enables digital payments for merchants and consumers worldwide. The company operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, consumer credit and debit products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Hyperwallet, Honey, and Paidy names. The company was founded in 1998 and is headquartered in San Jose, California.
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