Raymond James Trust N.A. grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 16.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,049 shares of the credit services provider’s stock after acquiring an additional 1,824 shares during the period. Raymond James Trust N.A.’s holdings in PayPal Holdings were worth $836,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Kistler Tiffany Companies LLC grew its holdings 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 in the last quarter. Stelac Advisory Services LLC acquired a new position in shares of PayPal Holdings in the 1st quarter valued at about $119,000. Harvest Fund Management Co. Ltd boosted its holdings in shares of PayPal Holdings by 171.4% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock valued at $154,000 after buying an additional 1,808 shares during the period. MV Capital Management Inc. boosted its holdings in shares of PayPal Holdings by 7.2% in the 2nd quarter. MV Capital Management Inc. now owns 2,963 shares of the credit services provider’s stock valued at $159,000 after buying an additional 199 shares during the period. Finally, Archford Capital Strategies LLC boosted its holdings in shares of PayPal Holdings by 65.4% in the 1st quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock valued at $139,000 after buying an additional 1,281 shares during the period. 82.19% of the stock is owned by institutional investors.
Shares of PayPal Holdings, Inc. (NASDAQ PYPL) traded down $0.11 during trading on Friday, reaching $73.99. 5,714,500 shares of the company’s stock traded hands, compared to its average volume of 7,614,513. The company has a market cap of $89,061.53, a price-to-earnings ratio of 52.93, a PEG ratio of 3.08 and a beta of 1.03. PayPal Holdings, Inc. has a 12-month low of $38.06 and a 12-month high of $75.45.
PayPal Holdings (NASDAQ:PYPL) last posted its earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. PayPal Holdings had a net margin of 12.69% and a return on equity of 11.33%. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.18 billion. During the same quarter in the prior year, the firm earned $0.35 EPS. The firm’s quarterly revenue was up 21.4% compared to the same quarter last year. analysts expect that PayPal Holdings, Inc. will post 1.37 earnings per share for the current fiscal year.
Several research analysts have recently commented on the stock. Citigroup Inc. reaffirmed a “buy” rating and issued a $67.00 price target (up from $62.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Nomura boosted their price target on shares of PayPal Holdings from $57.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. Stifel Nicolaus boosted their price target on shares of PayPal Holdings from $61.00 to $70.00 and gave the stock a “hold” rating in a research report on Sunday, October 22nd. Zacks Investment Research upgraded shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research report on Thursday, October 26th. Finally, Jefferies Group LLC restated a “buy” rating and set a $68.00 price target (up from $61.00) on shares of PayPal Holdings in a research report on Monday, July 24th. Ten research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $69.85.
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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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