Published on 21 Jan 2022 on Insider Monkey via Yahoo Finance

Is PayPal Holdings (PYPL) Still a Great Investment Pick?

Wedgewood Partners, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be downloaded here. For calendar 2021, a portfolio net return of +32.1% was recorded by the fund, outperforming the S&P 500 Index that delivered a +28.7% return for the same period, and the +27.6% gain of the Russell 1000 Growth Index. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Wedgewood Partners, in its Q4 2021 investor letter, mentioned PayPal Holdings, Inc. (NASDAQ: PYPL) and discussed its stance on the firm. PayPal Holdings, Inc. is a San Jose, California-based financial technology company with a $203.9 billion market capitalization. PYPL delivered a -7.97% return since the beginning of the year, while its 12-month returns are down by -28.95%. The stock closed at $173.55 per share on January 19, 2022.

Here is what Wedgewood Partners has to say about PayPal Holdings, Inc. in its Q4 2021 investor letter: