In its third-quarter SEC filing, Capricorn Fund Managers Ltd disclosed a 34.9% reduction in its PayPal position, selling 19,375 shares and retaining 36,067 shares valued at approximately $2.42 million. This move marks a meaningful shift in the fund’s exposure to the digital payments leader, reflecting a strategic reallocation of capital during a period of heightened market volatility in financial technology names.

Several prominent investors have been active in PayPal over recent quarters. Norges Bank initiated a new position worth roughly $921.6 million in Q2, while Artisan Partners added 184,014 shares to reach nearly 12.0 million shares, increasing its holdings by 1.6%. Invesco boosted its stake by 5.5%, acquiring an additional 522,514 shares, and UBS Asset Management Americas lifted its position by 2.8% in Q1. Primecap Management also expanded its position by 9.5%, adding 568,640 shares. Together, institutional ownership stands at over 68% of PayPal’s outstanding shares.

Executive vice presidents Diego Scotti and Aaron Webster have each reduced their PayPal holdings. Scotti sold 3,838 shares at an average price of $68.97 on October 30, trimming his stake by 18.4% and realizing $264,707. Webster disposed of 9,282 shares at an average of $66.29 on November 10, a 20.6% reduction valued at $615,304. Over the past 90 days, insiders have sold a total of 36,156 shares for $2.43 million, though they collectively retain less than 0.1% of company stock.

In late October, PayPal reported Q3 revenue of $8.42 billion, up 7.3% year-over-year, and non-GAAP EPS of $1.34, beating consensus by $0.14. Return on equity reached 25.6% with a net margin of 15.0%. Management guided Q4 non-GAAP EPS to $1.27–$1.31 and full-year 2025 EPS to $5.35–$5.39, above the $5.03 consensus. The company also declared a quarterly dividend of $0.14 per share, marking an annualized yield of 0.9% with a payout ratio near 11%. Fourteen analysts rate the shares a buy, 22 a hold and four a sell, with an average target of $78.29.