Swiss National Bank boosted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,209,891 shares of the credit services provider’s stock after acquiring an additional 18,300 shares during the quarter. Swiss National Bank owned 350,266.74% of PayPal Holdings worth $269,559,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in PYPL. BlackRock Inc. boosted its holdings in PayPal Holdings by 2,792.8% during the 1st quarter. BlackRock Inc. now owns 60,103,922 shares of the credit services provider’s stock valued at $2,585,670,000 after acquiring an additional 58,026,239 shares during the period. FMR LLC boosted its holdings in PayPal Holdings by 36.1% during the 2nd quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock valued at $4,415,371,000 after acquiring an additional 21,814,940 shares during the period. Capital World Investors boosted its holdings in PayPal Holdings by 313.5% during the 2nd quarter. Capital World Investors now owns 6,151,049 shares of the credit services provider’s stock valued at $330,127,000 after acquiring an additional 4,663,337 shares during the period. Janus Henderson Group PLC boosted its holdings in PayPal Holdings by 1,064.7% during the 2nd quarter. Janus Henderson Group PLC now owns 4,861,493 shares of the credit services provider’s stock valued at $260,921,000 after acquiring an additional 4,444,097 shares during the period. Finally, American Century Companies Inc. boosted its holdings in PayPal Holdings by 100.7% during the 2nd quarter. American Century Companies Inc. now owns 8,080,639 shares of the credit services provider’s stock valued at $433,688,000 after acquiring an additional 4,054,993 shares during the period. Institutional investors own 82.77% of the company’s stock.
A number of research firms have issued reports on PYPL. Barclays PLC reaffirmed a “buy” rating on shares of PayPal Holdings in a research report on Tuesday. Bank of America Corporation increased their price target on PayPal Holdings from $80.00 to $88.00 and gave the company a “buy” rating in a research report on Monday. Jefferies Group LLC reaffirmed an “outperform” rating on shares of PayPal Holdings in a research report on Monday. Craig Hallum set a $93.00 price target on PayPal Holdings and gave the company a “buy” rating in a research report on Monday. Finally, Monness Crespi & Hardt increased their price target on PayPal Holdings from $80.00 to $88.00 and gave the company a “buy” rating in a research report on Monday. Ten equities research analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $73.11.
PayPal Holdings, Inc. (NASDAQ:PYPL) traded up $1.00 on Friday, reaching $78.57. The company’s stock had a trading volume of 4,306,578 shares, compared to its average volume of 7,635,391. The firm has a market capitalization of $93,232.16, a price-to-earnings ratio of 55.41, a price-to-earnings-growth ratio of 3.18 and a beta of 1.03. PayPal Holdings, Inc. has a 52 week low of $38.06 and a 52 week high of $78.90.
PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.43 by $0.03. The company 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 firm’s revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 earnings per share. research analysts expect that PayPal Holdings, Inc. will post 1.37 EPS for the current year.
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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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