Advisor Group Inc. raised its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 19.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,016 shares of the credit services provider’s stock after purchasing an additional 13,560 shares during the quarter. Advisor Group Inc.’s holdings in PayPal Holdings were worth $5,379,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in PYPL. Concourse Capital Management LLC increased its stake in PayPal Holdings by 245.9% during the 1st quarter. Concourse Capital Management LLC now owns 148,775 shares of the credit services provider’s stock valued at $6,400,000 after purchasing an additional 250,775 shares in the last quarter. American Trust Investment Advisors LLC increased its stake in PayPal Holdings by 1.7% during the 1st quarter. American Trust Investment Advisors LLC now owns 72,180 shares of the credit services provider’s stock valued at $3,105,000 after purchasing an additional 1,215 shares in the last quarter. Rothschild Asset Management Inc. bought a new stake in PayPal Holdings during the 1st quarter valued at $463,000. Sentry Investment Management LLC increased its stake in PayPal Holdings by 4.0% during the 1st quarter. Sentry Investment Management LLC now owns 88,320 shares of the credit services provider’s stock valued at $3,800,000 after purchasing an additional 3,404 shares in the last quarter. Finally, Ngam Advisors L.P. increased its stake in PayPal Holdings by 28.1% during the 1st quarter. Ngam Advisors L.P. now owns 513,901 shares of the credit services provider’s stock valued at $22,108,000 after purchasing an additional 112,854 shares in the last quarter. Institutional investors and hedge funds own 83.08% of the company’s stock.
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A number of analysts have commented on the stock. Vetr upgraded shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $76.80 price target for the company in a research note on Tuesday, October 31st. Zacks Investment Research lowered shares of PayPal Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. William Blair reiterated a “buy” rating on shares of PayPal Holdings in a research note on Friday, October 20th. Stifel Nicolaus upped their target price on shares of PayPal Holdings from $61.00 to $70.00 and gave the stock a “hold” rating in a research note on Sunday, October 22nd. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $69.00 target price on shares of PayPal Holdings in a research note on Sunday, October 22nd. Ten investment analysts have rated the stock with a hold rating, thirty-two have given a buy rating and two have assigned a strong buy rating to the stock. PayPal Holdings currently has a consensus rating of “Buy” and an average target price of $69.85.
Shares of PayPal Holdings, Inc. (PYPL) traded up $0.36 during midday trading on Tuesday, reaching $74.39. 2,116,220 shares of the company’s stock were exchanged, compared to its average volume of 7,608,000. The company has a market capitalization of $88,929.32, a PE ratio of 52.85, a P/E/G ratio of 3.07 and a beta of 1.03. PayPal Holdings, Inc. has a twelve month low of $38.06 and a twelve month high of $75.45.
PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. The firm had revenue of $3.24 billion during 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 business’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 earnings per share. sell-side analysts predict that PayPal Holdings, Inc. will post 1.37 earnings per share for the current year.
PayPal Holdings 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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