Teachers Retirement System of The State of Kentucky trimmed its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 38.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244,062 shares of the credit services provider’s stock after selling 151,305 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in PayPal Holdings were worth $15,627,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of PayPal Holdings during the 3rd quarter valued at approximately $113,000. Kistler Tiffany Companies LLC raised its position in shares of PayPal Holdings by 511.9% during the 3rd quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock valued at $129,000 after buying an additional 1,684 shares during the period. Archford Capital Strategies LLC raised its position in shares of PayPal Holdings by 65.4% during the 1st quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock valued at $139,000 after buying an additional 1,281 shares during the period. Harvest Fund Management Co. Ltd raised its position in shares of PayPal Holdings by 171.4% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock valued at $154,000 after buying an additional 1,808 shares during the period. Finally, Thompson Davis & CO. Inc. raised its position in shares of PayPal Holdings by 294.3% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 2,421 shares of the credit services provider’s stock valued at $155,000 after buying an additional 1,807 shares during the period. 82.77% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently commented on the stock. Barclays PLC reaffirmed a “buy” rating on shares of PayPal Holdings in a research report on Tuesday. Bank of America Corporation lifted their target price on shares of PayPal Holdings from $80.00 to $88.00 and gave the company a “buy” rating in a report on Monday, November 20th. Jefferies Group LLC reiterated an “outperform” rating on shares of PayPal Holdings in a report on Monday, November 20th. Craig Hallum set a $93.00 target price on shares of PayPal Holdings and gave the company a “buy” rating in a report on Monday, November 20th. Finally, Monness Crespi & Hardt lifted their target price on shares of PayPal Holdings from $80.00 to $88.00 and gave the company a “buy” rating in a report on Monday, November 20th. Ten equities research analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. PayPal Holdings has a consensus rating of “Buy” and an average price target of $73.11.

Shares of PayPal Holdings, Inc. (NASDAQ PYPL) opened at $78.57 on Friday. The stock has a market cap of $93,232.16, a price-to-earnings ratio of 55.41, a PEG ratio of 3.18 and a beta of 1.03. PayPal Holdings, Inc. has a 1 year low of $38.06 and a 1 year high of $78.90.

PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The business had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.18 billion. PayPal Holdings had a net margin of 12.69% and a return on equity of 11.33%. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.35 EPS. analysts predict that PayPal Holdings, Inc. will post 1.37 EPS for the current year.

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PayPal Holdings Company Profile

PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.

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Institutional Ownership by Quarter for PayPal Holdings (NASDAQ:PYPL)

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