PayPal Holdings, Inc. $PYPL Shares Sold by Nordea Investment Management AB

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Nordea Investment Management AB reduced its stake in PayPal Holdings, Inc. by 24.2% in Q4, selling over 1 million shares, now holding 3.25 million shares worth $190.03 million. This comes amidst increased legal and governance risks for PayPal following a CEO ouster and multiple class action filings. Analysts generally rate the stock a “Hold” with a consensus target of $59.03, as the company recently missed quarterly estimates and announced a $0.14 dividend.

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