Zions Bancorporation increased its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 4,995.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,083 shares of the credit services provider’s stock after acquiring an additional 6,944 shares during the quarter. Zions Bancorporation’s holdings in Paypal were worth $454,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Rhumbline Advisers boosted its position in shares of Paypal by 0.9% during the second quarter. Rhumbline Advisers now owns 1,850,531 shares of the credit services provider’s stock worth $99,318,000 after acquiring an additional 17,139 shares during the last quarter. Fundsmith LLP boosted its position in shares of Paypal by 6.8% during the second quarter. Fundsmith LLP now owns 14,051,261 shares of the credit services provider’s stock worth $754,131,000 after acquiring an additional 889,976 shares during the last quarter. Shikiar Asset Management Inc. boosted its position in shares of Paypal by 2,671.9% during the second quarter. Shikiar Asset Management Inc. now owns 141,365 shares of the credit services provider’s stock worth $7,587,000 after acquiring an additional 136,265 shares during the last quarter. Smith Asset Management Group LP bought a new position in shares of Paypal during the second quarter worth $50,648,000. Finally, Mn Services Vermogensbeheer B.V. boosted its position in shares of Paypal by 0.7% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 188,272 shares of the credit services provider’s stock worth $12,055,000 after acquiring an additional 1,400 shares during the last quarter. Hedge funds and other institutional investors own 80.81% of the company’s stock.
Several equities analysts have commented on the stock. Stifel Nicolaus increased their price objective on shares of Paypal from $61.00 to $70.00 and gave the company a “hold” rating in a research report on Sunday, October 22nd. Zacks Investment Research upgraded shares of Paypal from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Thursday, October 26th. Vetr lowered shares of Paypal from a “strong-buy” rating to a “buy” rating and set a $80.71 price objective for the company. in a research report on Wednesday, December 6th. BTIG Research reiterated a “buy” rating and set a $70.00 price objective (up previously from $63.00) on shares of Paypal in a research report on Wednesday, September 6th. Finally, Mizuho reiterated a “hold” rating and set a $50.00 price objective on shares of Paypal in a research report on Sunday, October 15th. Ten equities research analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $73.25.
Paypal Holdings Inc (NASDAQ:PYPL) opened at $72.91 on Monday. The company has a market cap of $87,631.27, a PE ratio of 52.08, a P/E/G ratio of 2.99 and a beta of 1.03. Paypal Holdings Inc has a 12 month low of $39.02 and a 12 month high of $79.39.
Paypal (NASDAQ:PYPL) last posted its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.18 billion. Paypal had a net margin of 12.69% and a return on equity of 11.33%. The firm’s revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.35 EPS. analysts predict that Paypal Holdings Inc will post 1.37 earnings per share for the current year.
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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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