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Phoenix Financial Ltd. Invests $8.45 Million in PayPal Holdings, Inc. $PYPL
Phoenix Financial Ltd. recently invested $8.45 million in PayPal Holdings, Inc. by purchasing 144,845 shares. Despite some insider selling, institutional ownership remains high at 68.32%, and PayPal reported strong Q4 results exceeding expectations with EPS of $1.34 and revenue of $8.35 billion, also declaring a quarterly dividend of $0.14 per share. Analysts currently have a “Hold” consensus rating for the stock, with an average price target of $55.85.