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North Carolina's treasurer reduced PayPal holdings despite the company reporting strong earnings.
North Carolina's treasurer reduced its holdings in PayPal by 1.5% to 452,921 shares.
PayPal reported strong earnings of $1.19 per share, beating estimates by $0.08, and revenue of $8.37 billion, slightly above expectations.
Shares opened at $60.56, and analysts have a "Moderate Buy" rating with a $88.32 price target.
Institutional ownership remains high at 68.32%.
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El tesorero de Carolina del Norte redujo las tenencias de PayPal a pesar de que la compañía reportó fuertes ganancias.