PayPal (NASDAQ:PYPL), a digital payments company, has underperformed the broader equity market over the past year. Nonetheless, the company’s Fastlane product shows solid potential for growth, according to Mizuho Securities analyst Dan Dolev. This product aims to enhance the user experience by simplifying the payment process, thereby increasing conversion rates for merchants. Further, Cathie Wood‘s investment management firm, ARK Invest, is optimistic about PayPal stock. Given these positives, it’s the right time to see who owns PayPal.
Now, according to TipRanks’ ownership page, other Institutional Investors own 40.24% of PayPal. They are followed by public companies and individual investors, mutual funds, and insiders at 33.96%, 17.73%, and 8.07%, respectively.
Digging Deeper into PayPal’s Ownership Structure
Looking closely at institutions (Mutual Funds and Other Institutional Investors), Vanguard owns a 7.58% stake in PYPL stock. Next up is Vanguard Index Funds, which holds a 7.23% stake in the company.
Among the institutions, the Hedge Fund Confidence Signal is Very Positive on PYPL stock based on the activity of 31 hedge funds. Hedge funds increased their PYPL holdings by 2.7M shares in the last quarter.
Conversely, individual investors have a Very Negative view of the company. In the last 30 days, the number of portfolios (tracked by TipRanks) holding PayPal stock decreased by 2%. Overall, among the 738,563 portfolios monitored by TipRanks, 2.8% have invested in PayPal stock.
Is PayPal a Buy, Sell, or Hold?
Wall Street is cautiously optimistic about PayPal stock. It has 13 Buys and 15 Hold recommendations for a Moderate Buy consensus rating.
PayPal stock is up over 9% year-to-date. Moreover, these analysts’ average PYPL stock price target of $74.32 implies 10.89% upside potential from current levels.
Conclusion
TipRanks’ Ownership tool provides PYPL ownership structure by category, enabling investors to make well-informed investing decisions.
For a thorough assessment of PayPal stock, go to TipRanks’ Stock Analysis page.
