PayPal Q3 earnings beat estimates, showing mixed investment trends among key shareholders.

PayPal saw mixed investment activity in Q3, with LGT Capital Partners reducing their holdings by 91.5%, while other firms like Bruce G. Allen Investments and First United Bank & Trust increased their stakes. The company reported Q3 earnings of $1.20 per share, surpassing expectations by $0.13, with revenue up 6% to $7.85 billion. Analysts' ratings for PayPal range from neutral to positive, with target prices varying between $72 and $94.

November 19, 2024
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