Menora Mivtachim Holdings LTD. Decreases Stake in PayPal Holdings, Inc. (PYPL)

Menora Mivtachim Holdings LTD. reduced its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 33.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 487,875 shares of the credit services provider’s stock after selling 244,236 shares during the quarter. Menora Mivtachim Holdings LTD.’s holdings in PayPal Holdings were worth $31,239,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of PYPL. Kistler Tiffany Companies LLC grew its stake in shares of PayPal Holdings by 511.9% in the third 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 in the last quarter. Archford Capital Strategies LLC grew its stake in shares of PayPal Holdings by 65.4% in the first 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 in the last quarter. Balentine LLC grew its stake in shares of PayPal Holdings by 28.7% in the first quarter. Balentine LLC now owns 3,494 shares of the credit services provider’s stock valued at $150,000 after buying an additional 780 shares in the last quarter. Harvest Fund Management Co. Ltd grew its stake in shares of PayPal Holdings by 171.4% in the second 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 in the last quarter. Finally, SRS Capital Advisors Inc. grew its stake in shares of PayPal Holdings by 5.6% in the first quarter. SRS Capital Advisors Inc. now owns 3,611 shares of the credit services provider’s stock valued at $155,000 after buying an additional 190 shares in the last quarter. 82.35% of the stock is owned by institutional investors.

In other news, Director John J. Donahoe sold 170,000 shares of the stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $58.18, for a total transaction of $9,890,600.00. Following the transaction, the director now directly owns 124,516 shares in the company, valued at approximately $7,244,340.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 6.00% of the stock is currently owned by corporate insiders.

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PayPal Holdings (NASDAQ:PYPL) last announced its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.18 billion. PayPal Holdings had a return on equity of 11.33% and a net margin of 12.69%. The company’s revenue was up 21.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 EPS.

Several equities analysts recently weighed in on PYPL shares. Sanford C. Bernstein raised shares of PayPal Holdings from a “market perform” rating to an “outperform” rating and raised their target price for the company from $46.00 to $61.00 in a research note on Monday, July 10th. Vetr cut shares of PayPal Holdings from a “buy” rating to a “hold” rating and set a $56.88 target price for the company. in a research note on Monday, July 10th. Loop Capital reissued a “hold” rating and issued a $49.00 target price on shares of PayPal Holdings in a research note on Wednesday, July 12th. Credit Suisse Group reaffirmed an “outperform” rating and set a $56.00 price target on shares of PayPal Holdings in a report on Thursday, July 13th. Finally, Piper Jaffray Companies raised their price target on PayPal Holdings and gave the company a “neutral” rating in a report on Friday, July 14th. Ten analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and two have given a strong buy rating to the stock. PayPal Holdings has a consensus rating of “Buy” and an average price target of $69.85.

About PayPal Holdings

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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