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PayPal Holdings, Inc. $PYPL Shares Purchased by Jupiter Asset Management Ltd.
Jupiter Asset Management Ltd. significantly increased its stake in PayPal Holdings, Inc. during the third quarter, purchasing an additional 576,228 shares. This institutional accumulation comes despite recent insider selling, a CEO transition, and multiple class-action lawsuits against PayPal. Analysts have also lowered price targets for PayPal, which is currently trading near its 52-week low, after the company missed its Q4 EPS estimates.