Will PayPal’s Expansion Into The Middle East Give These Top Institutional Shareholders A Surprise?

PayPal (NASDAQ:EBAY) set a target to double their share of Middle East and North African e-commerce within a period of three years. PayPal recently enabled linking of their credit or debit cards for residents in Saudi Arabia, the United Arab Emirates, Bahrain, Kuwait, Qatar, Oman and Jordan with a PayPal account. PayPal plans to extend this facility further, to neighboring countries. PayPal claims that they have a 5% share of e-commerce business in the region.

Will ebay Inc.’s shareholders decrease their holdings? They reported owning a total of 533.305 million shares on 09/30/2012. The shares closed at $48.37 on 09/30/2012.

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Here are the ten largest positions in PayPal Inc. at the end of September 30th, 2012.

State Street Corp. held 48,229,124 shares on 09/30/2012 worth $2,332,842,676. This brought the portfolio total to 0.34%.

Invesco Ltd. held 36,135,074 shares on 09/30/2012 worth $1,747,853,491. This brought the portfolio total to 0.92%.

Baillie Gifford & Co. held 32,428,882 shares on 09/30/2012 worth $1,568,584,988. This brought the portfolio total to 5.41%.

Blackrock Institutional Trust Company N.A. held 31,040,944 shares on 09/30/2012 worth $1,501,450,428. This brought the portfolio total to 0.34%.

Wells Fargo & Company/MN held 24,802,349 shares on 09/30/2012 worth $1,199,689,595. This brought the portfolio total to 0.71%.

Oppenheimer Funds Inc. held 21,786,379 shares on 09/30/2012 worth $1,053,807,129. This brought the portfolio total to 1.83%.

Dodge & Cox held 21,416,539 shares on 09/30/2012 worth $1,035,917,969. This brought the portfolio total to 1.35%.

Bank of New York Mellon Corp. held 18,968,656 shares on 09/30/2012 worth $917,513,870. This brought the portfolio total to 0.34%.

Northern Trust Corp. held 15,579,538 shares on 09/30/2012 worth $753,582,236. This brought the portfolio total to 0.31%.

Blackrock Fund Advisors held 9,761,192 shares on 09/30/2012 worth $472,148,847. This brought the portfolio total to 0.22%.

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