PayPal’s $680M Volume Slides to 142th as Institutions Reshape Holdings and Insiders Cut Stakes
PayPal Holdings (PYPL) closed August 11 with a 0.84% decline, trading at $67.65, as its $680 million daily volume ranked it 142nd on the stock market. Institutional investors reshaped their positions, with NuveenSPXX-- LLC acquiring a 0.83% stake valued at $529 million and Goldman SachsGS-- boosting holdings by 44.6% to $558 million. Conversely, Evermay Wealth Management increased its stake by 726%, while multiple hedge funds including Mpwm Advisory and Pinney & Scofield initiated new positions in Q4.
Insider activity saw key executives reduce holdings. CAO Chris Natali sold 7,102 shares at $69.35, and EVP Diego Scotti offloaded 3,839 shares at $73.24, reflecting a 18.43% reduction in his ownership. Over the past quarter, insiders sold 22,736 shares totaling $1.62 million. Analysts remain divided, with Truist FinancialTFC-- assigning a “sell” rating at $68 and Canaccord Genuity maintaining a “buy” at $96. The stock’s 12-month high of $93.66 contrasts with its current 50-day moving average of $72.89.
A backtested strategy of purchasing top 500 high-volume stocks and holding for one day generated a 166.71% return from 2022 to present, outperforming the benchmark by 137.53%. This highlights the efficacy of liquidity-driven momentum trading in volatile markets, as seen in recent gains by NewmontNEM-- and McKessonMCK-- under similar conditions.

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