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FNY Investment Advisers LLC Makes New Investment in PayPal Holdings, Inc. $PYPL
FNY Investment Advisers LLC initiated a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) during the fourth quarter, acquiring 25,500 shares valued at approximately $1.49 million. This new investment comes as other institutional investors have also adjusted their holdings in PayPal, and the company faces challenges including missed Q4 earnings estimates, governance issues, and mixed analyst ratings. Despite these concerns, institutional ownership of PayPal stock is near 68.3%.