PayPal's Q3 EPS of $1.20 beat estimates, while institutional investors showed mixed activity.

PayPal Holdings, Inc. (NASDAQ: PYPL) experienced mixed activity among institutional investors in Q3, with Cohen Capital Management reducing its stake by 32.3%, while others like Legal & General and Clearbridge increased theirs significantly. PayPal reported a Q3 EPS of $1.20, beating estimates, and revenue of $7.85 billion, up 6% year-over-year. Analysts have generally upgraded their ratings and target prices for the stock, reflecting positive market sentiment.

November 04, 2024
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