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S&CO Inc. Acquires 103,397 Shares of PayPal Holdings, Inc. $PYPL
S&CO Inc. significantly increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 45.3% in the third quarter, acquiring 103,397 additional shares and bringing its total holdings to 331,501 shares valued at $22.23 million. This comes as PayPal recently missed earnings and revenue estimates, leading to several analyst price target cuts and a consensus “Hold” rating with an average target of $62.46. The company also announced a quarterly dividend of $0.14 per share.