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Beacon Investment Advisory Services Inc. Decreases Holdings in PayPal Holdings, Inc. $PYPL
Beacon Investment Advisory Services Inc. reduced its stake in PayPal Holdings, Inc. by 27.6% in the fourth quarter, selling over 55,000 shares. Despite this, other institutional investors increased their holdings in PayPal, and analysts generally maintain a “Hold” rating on the stock. PayPal faces governance and legal pressures but is pursuing strategic initiatives like expanding its stablecoin and making key board appointments.