ARK Invest added to positions in payment specialist PayPal Holdings (NASDAQ:PYPL). Purchases of 66,100 and 24,750 shares in the ARK Fintech Innovation ETF (NYSEMKT:ARKF) made PayPal the fund's fourth-largest holding, making up 4.4% of the fund. ---MoneyFool
PayPal (PYPL) rose as earnings climbed 29%andsalesgrew23%to $6.12 billion, both beating. Total payment volume,or TPV,from merchant customers jumped39%to $277 billion. PayPal forecast 2021 revenue and earnings in line with views. ---IvestorBusinesDaily