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PayPal's shares dropped by Diversified Trust Co, but the company reported strong earnings, exceeding analysts' expectations.
PayPal saw a decrease in shares owned by Diversified Trust Co by 18.1% in the first quarter, reducing their holdings to 14,585 shares.
Despite this, PayPal reported strong earnings of $1.33 per share for the quarter, surpassing analysts' estimates.
The company's stock has a "Hold" rating with an average price target of $83.42.
Other firms like Mirae Asset Global Investments and Waterfront Wealth Inc have increased their stakes in PayPal.
The company's market cap is $71.62 billion, with a P/E ratio of 16.47.
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Las acciones de PayPal cayeron por Diversified Trust Co, pero la compañía reportó ganancias fuertes, que superaron las expectativas de los analistas.