Rule One Partners LLC acquired 35,001 shares of PayPal Holdings, Inc. valued at approximately $2.0 million, making it their 7th-largest holding. This move followed PayPal's strong quarterly earnings report, which exceeded expectations with an EPS of $1.34 and $8.35 billion in revenue. Conversely, other institutional investors like Tamar Securities and Banco Bilbao Vizcaya Argentaria reduced their stakes in the company during the fourth quarter. Specifically, the Spanish bank sold 138,737 shares, leaving its remaining position valued at approximately $26.17 million.
The investment firm boosted its PayPal stake by 355% to $224.7 million while slashing its Roper Technologies holding by 26.3% following Q1 results.
Read the full storyThe Spanish bank divested 138,737 shares of the payments giant in Q4, reducing its remaining position to approximately 447,851 shares.
Tamar Securities and Mufg Securities reduced positions in PYPL and QSR during Q4 as institutional players rebalance portfolios despite solid quarterly reports.