Buckingham Capital Management Inc. boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,362 shares of the credit services provider’s stock after purchasing an additional 3,268 shares during the quarter. Buckingham Capital Management Inc.’s holdings in PayPal Holdings were worth $3,033,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of PYPL. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of PayPal Holdings during the third quarter valued at $113,000. Kistler Tiffany Companies LLC increased its holdings in shares of PayPal Holdings by 511.9% during the third quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock valued at $129,000 after acquiring an additional 1,684 shares in the last quarter. Archford Capital Strategies LLC increased its holdings in shares of PayPal Holdings by 65.4% during the first quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock valued at $139,000 after acquiring an additional 1,281 shares in the last quarter. Balentine LLC increased its holdings in shares of PayPal Holdings by 28.7% during the first quarter. Balentine LLC now owns 3,494 shares of the credit services provider’s stock valued at $150,000 after acquiring an additional 780 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd increased its holdings in shares of PayPal Holdings by 171.4% during 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 acquiring an additional 1,808 shares in the last quarter. Institutional investors and hedge funds own 83.08% of the company’s stock.
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PayPal Holdings, Inc. (NASDAQ PYPL) traded down $1.32 during trading hours on Friday, reaching $76.38. The company’s stock had a trading volume of 11,771,514 shares, compared to its average volume of 7,638,537. PayPal Holdings, Inc. has a 1-year low of $38.06 and a 1-year high of $78.01. The company has a market cap of $93,390.00 and a P/E ratio of 53.21.
PayPal Holdings (NASDAQ:PYPL) last announced its earnings results on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.03. The firm had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.18 billion. PayPal Holdings had a return on equity of 11.33% and a net margin of 12.69%. The company’s quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 EPS. equities analysts forecast that PayPal Holdings, Inc. will post 1.37 earnings per share for the current fiscal year.
Several equities analysts have recently weighed in on the company. Oppenheimer Holdings, Inc. raised their price target on PayPal Holdings from $50.00 to $65.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. Wells Fargo & Company raised their price target on PayPal Holdings from $65.00 to $70.00 and gave the company a “market perform” rating in a report on Friday, October 20th. Cowen and Company restated a “market perform” rating and set a $52.00 price target (up from $48.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Keefe, Bruyette & Woods restated a “buy” rating and set a $70.00 price target on shares of PayPal Holdings in a report on Thursday, July 27th. Finally, Loop Capital raised their price target on PayPal Holdings from $57.00 to $67.00 and gave the company a “hold” rating in a report on Friday, October 20th. Eleven 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 company’s stock. PayPal Holdings presently has a consensus rating of “Buy” and an average price target of $72.43.
PayPal Holdings Company 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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