105,000 Shares in PayPal Holdings, Inc. $PYPL Purchased by Step Capital Management Pte. Ltd.

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Step Capital Management Pte. Ltd. acquired 105,000 shares of PayPal Holdings, Inc. (PYPL) during the fourth quarter, establishing it as their 7th largest holding, valued at approximately $6.13 million. Despite this new institutional investment, analysts maintain a “Hold” rating for PayPal, with a consensus price target of $58.11, following a miss on Q4 EPS and revenue expectations. The company faces significant headwinds including class-action lawsuits, insider selling, and competitive pressures, even as it plans a substantial investment to boost its branded checkout services.

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