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AMG National Trust Bank Purchases 46,930 Shares of PayPal Holdings, Inc. $PYPL
AMG National Trust Bank significantly increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1,342.0% in the third quarter, purchasing an additional 46,930 shares. Other institutional investors also adjusted their positions in the company, which recently announced a quarterly dividend of $0.14 per share. PayPal’s stock has faced challenges, including an earnings miss, weak guidance, insider selling, and analyst rating adjustments, yet some commentators note its deeply undervalued state.