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Teacher Retirement System of Texas Buys 48,452 Shares of PayPal Holdings, Inc. $PYPL
The Teacher Retirement System of Texas increased its passive stake in PayPal Holdings, Inc. by 11.7% in Q4, acquiring 48,452 additional shares, bringing its total holdings to 463,016 shares valued at over $27 million. This move comes amidst mixed market sentiment for PayPal, characterized by a significant NFL partnership and some bullish analyst notes, but also by recent EPS and revenue misses and continued insider selling. The consensus analyst rating remains “Hold” with an average target price of $56.39.