After Holding for Nearly 9 Years, I Just Sold PayPal Stock: Here's What I'm Buying Instead
When I first heard that PayPal Holdings (NASDAQ: PYPL) was going public, I couldn't wait to get my hands on shares -- literally. Instead of waiting, I purchased shares of its parent company, eBay, ahead of PayPal's spinoff. In 2015, that happened, giving me shares of PayPal on day one of trading.
Shortly thereafter, I sold my shares of eBay, but I've held PayPal stock through thick and thin ever since. That changed this month: After nine years, I finally decided to sell my entire position in PayPal. I also sold some of my position in Zoom Video Communications (NASDAQ: ZM). And with this cash, I immediately went out and bought a meaningful position in Academy Sports and Outdoors (NASDAQ: ASO).
Investing is personal, and I wouldn't suggest that people copy exactly what I do. But I would like others to know why I made these moves because my rationale could help guide their decisions under different circumstances.
Source Fool.com
Paypal Holdings Inc Stock
The stock is one of the favorites of our community with 51 Buy predictions and 2 Sell predictions.
As a result the target price of 78 € shows a positive potential of 34.3% compared to the current price of 58.08 € for Paypal Holdings Inc.
