PayPal Holdings, Inc. $PYPL Shares Sold by Exchange Traded Concepts LLC

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Exchange Traded Concepts LLC significantly reduced its stake in PayPal Holdings, Inc. by selling 158,527 shares, retaining 120,980 shares worth approximately $7.06 million. Over the last 90 days, insiders have also sold 87,608 shares totaling about $3.83 million, reducing corporate insider ownership to 0.08%. The stock currently holds a consensus “Hold” rating from analysts with an average price target of $58.43, trading below both its 50-day and 200-day simple moving averages amid various positive and negative sentiments affecting its market position.

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