Bastion Asset Management Inc. significantly reduced its holdings in PayPal Holdings, Inc. by 27.7% in the third quarter, now owning 170,759 shares valued at $11.65 million. This reduction comes amid PayPal missing Q4 earnings and revenue expectations, leading to analyst downgrades and a declining share price. The company faces challenges including insider selling and investor investigations, despite potential long-term growth catalysts like Venmo and a new AI travel partnership.
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Bastion Asset Management Inc. Lowers Stake in PayPal Holdings, Inc. $PYPL
Bastion Asset Management Inc. significantly reduced its holdings in PayPal Holdings, Inc. by 27.7% in the third quarter, now owning 170,759 shares valued at $11.65 million. This reduction comes amid PayPal missing Q4 earnings and revenue expectations, leading to analyst downgrades and a declining share price. The company faces challenges including insider selling and investor investigations, despite potential long-term growth catalysts like Venmo and a new AI travel partnership.