Lombard Odier Sells PayPal Shares Amid Institutional Investor Shift

Lombard Odier Asset Management Switzerland SA reduced its position in PayPal Holdings, Inc. by selling 30,683 shares during the first quarter. The company owned 13,879 shares of the credit services provider's stock after the sale, valued at $628,000 as of its most recent filing with the Securities and Exchange Commission.

This move is part of a larger trend in which institutional investors have been adjusting their stakes in PayPal. Vanguard Group Inc., for example, boosted its stake in the company by 6.5% in the fourth quarter, while Swiss National Bank raised its holdings in PayPal by 4.9% during the same period.

In other news, insiders at PayPal sold a combined total of 8,543 shares of the company's stock worth $364,325 in the last quarter. This sale represents a decrease in their ownership stake and may indicate that some insiders are reducing their exposure to the company.