Commerzbank Takes $65M Stake in PayPal Amid Rising Stock Value
Commerzbank Aktiengesellschaft FI has made a new investment in PayPal Holdings, Inc. (NASDAQ:PYPL), purchasing 1,507,517 shares worth approximately $65,095,000 during the second quarter.
This acquisition makes PayPal comprise 1.3% of Commerzbank Aktiengesellschaft FI's investment portfolio and its 26th biggest position.
Other institutional investors have also made changes to their positions in PayPal, with Vanguard Group Inc. increasing its stake by 6.5% in the fourth quarter and Swiss National Bank raising its holdings by 4.9% in the first quarter.