BTC Capital Management Inc. lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 15,412 shares of the credit services provider’s stock after selling 847 shares during the quarter. BTC Capital Management Inc.’s holdings in PayPal Holdings were worth $989,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in PayPal Holdings during the 3rd quarter worth $113,000. Kistler Tiffany Companies LLC boosted its position in 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 worth $129,000 after acquiring an additional 1,684 shares during the period. Thompson Davis & CO. Inc. boosted its position in 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 worth $155,000 after acquiring an additional 1,807 shares during the period. Harvest Fund Management Co. Ltd boosted its position in 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 worth $154,000 after acquiring an additional 1,808 shares during the period. Finally, MV Capital Management Inc. boosted its position in PayPal Holdings by 7.2% during the 2nd quarter. MV Capital Management Inc. now owns 2,963 shares of the credit services provider’s stock worth $159,000 after acquiring an additional 199 shares during the period. Institutional investors own 83.08% of the company’s stock.
PYPL has been the subject of several research analyst reports. Vetr upgraded PayPal Holdings from a “hold” rating to a “buy” rating and set a $60.76 price objective for the company in a report on Thursday, August 10th. Goldman Sachs Group, Inc. (The) restated a “conviction-buy” rating and issued a $72.00 price objective (up previously from $60.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Robert W. Baird restated an “outperform” rating and issued a $65.00 price objective (up previously from $59.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Susquehanna Bancshares Inc restated a “positive” rating and issued a $75.00 price objective (up previously from $67.00) on shares of PayPal Holdings in a report on Friday, September 29th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $66.00 price objective on shares of PayPal Holdings in a report on Wednesday, September 27th. Ten investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $69.85.
Shares of PayPal Holdings, Inc. (NASDAQ PYPL) traded up $0.71 on Tuesday, reaching $74.74. The company’s stock had a trading volume of 1,295,945 shares, compared to its average volume of 7,608,000. The company has a market cap of $88,929.32, a price-to-earnings ratio of 52.85, a price-to-earnings-growth ratio of 3.07 and a beta of 1.03. PayPal Holdings, Inc. has a 52-week low of $38.06 and a 52-week high of $75.45.
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 Zacks’ 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 business’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same period last year, the company earned $0.35 EPS. equities analysts predict that PayPal Holdings, Inc. will post 1.37 earnings per share for the current year.
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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