Corient Private Wealth LP Sells 245,147 Shares of PayPal Holdings, Inc. $PYPL

Corient Private Wealth LP reduced its stake in PayPal Holdings, Inc. by 53.3% in the second quarter, selling 245,147 shares and retaining 215,037 shares valued at $9.3 million. Despite this, PayPal exceeded quarterly earnings expectations, reporting $1.38 EPS and $8.68 billion in revenue, and announced a quarterly dividend of $0.14 per share. Wall Street analysts generally maintain a "Hold" rating on the stock with an average target price of $56.03.