Huntington National Bank lessened its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 351,244 shares of the credit services provider’s stock after selling 3,893 shares during the period. Huntington National Bank’s holdings in PayPal Holdings were worth $22,490,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in PYPL. Kistler Tiffany Companies LLC lifted its position in 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 during the last quarter. Stelac Advisory Services LLC acquired a new position in PayPal Holdings during the 1st quarter valued at approximately $119,000. Harvest Fund Management Co. Ltd increased its stake 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 valued at $154,000 after purchasing an additional 1,808 shares in the last quarter. MV Capital Management Inc. increased its stake 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 valued at $159,000 after purchasing an additional 199 shares in the last quarter. Finally, Archford Capital Strategies LLC increased its stake in PayPal Holdings by 65.4% during the 1st quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock valued at $139,000 after purchasing an additional 1,281 shares in the last quarter. 82.19% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of PayPal Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Vetr upgraded shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $76.80 price objective on the stock in a research note on Tuesday, October 31st. Jefferies Group LLC reiterated an “outperform” rating and issued a $80.00 price objective on shares of PayPal Holdings in a research note on Monday, October 23rd. Piper Jaffray Companies reissued a “hold” rating and set a $69.00 price target on shares of PayPal Holdings in a report on Sunday, October 22nd. Finally, Stifel Nicolaus increased their price target on shares of PayPal Holdings from $61.00 to $70.00 and gave the stock a “hold” rating in a report on Sunday, October 22nd. Ten equities research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and two have issued a strong buy rating to the stock. PayPal Holdings has a consensus rating of “Buy” and an average price target of $69.85.
PayPal Holdings, Inc. (PYPL) opened at $73.99 on Friday. PayPal Holdings, Inc. has a 12 month low of $38.06 and a 12 month high of $75.45. The stock has a market cap of $89,061.53, a price-to-earnings ratio of 52.93, a price-to-earnings-growth ratio of 3.08 and a beta of 1.03.
PayPal Holdings (NASDAQ:PYPL) last posted its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, topping the Zacks’ 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 analysts’ expectations of $3.18 billion. During the same period in the prior year, the company posted $0.35 EPS. The business’s revenue for the quarter was up 21.4% on a year-over-year basis. research analysts anticipate that PayPal Holdings, Inc. will post 1.37 EPS for the current year.
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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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