Apriem Advisors lessened its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 21.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,628 shares of the credit services provider’s stock after selling 1,770 shares during the quarter. Apriem Advisors’ holdings in Paypal were worth $424,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Parsons Capital Management Inc. RI boosted its holdings in Paypal by 8.9% during the 1st quarter. Parsons Capital Management Inc. RI now owns 35,373 shares of the credit services provider’s stock valued at $1,522,000 after acquiring an additional 2,888 shares during the period. Private Asset Management Inc. purchased a new position in Paypal during the 2nd quarter valued at $282,000. Handelsbanken Fonder AB boosted its holdings in Paypal by 25.1% during the 2nd quarter. Handelsbanken Fonder AB now owns 663,800 shares of the credit services provider’s stock valued at $35,626,000 after acquiring an additional 133,000 shares during the period. Xact Kapitalforvaltning AB boosted its holdings in Paypal by 4.2% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 172,649 shares of the credit services provider’s stock valued at $9,266,000 after acquiring an additional 7,017 shares during the period. Finally, Salem Capital Management Inc. boosted its holdings in Paypal by 12.2% during the 2nd quarter. Salem Capital Management Inc. now owns 30,150 shares of the credit services provider’s stock valued at $1,618,000 after acquiring an additional 3,275 shares during the period. 80.73% of the stock is currently owned by institutional investors.
PYPL has been the subject of a number of research analyst reports. Barclays reaffirmed a “buy” rating on shares of Paypal in a research report on Tuesday, November 21st. Canaccord Genuity reaffirmed a “hold” rating and set a $66.00 target price on shares of Paypal in a research report on Thursday, November 16th. Robert W. Baird lifted their target price on Paypal from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, November 16th. Vetr lowered Paypal from a “buy” rating to a “hold” rating and set a $78.63 price target for the company. in a research report on Friday, November 17th. Finally, KeyCorp reissued an “overweight” rating and issued a $85.00 price target (up from $80.00) on shares of Paypal in a research report on Friday, November 17th. Nine equities research analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $74.04.
Paypal Holdings Inc (NASDAQ:PYPL) traded down $0.55 during trading hours on Friday, hitting $73.62. The company had a trading volume of 4,490,056 shares, compared to its average volume of 8,313,235. Paypal Holdings Inc has a 12-month low of $39.02 and a 12-month high of $79.39. The firm has a market capitalization of $89,145.66, a PE ratio of 57.07, a PEG ratio of 3.04 and a beta of 1.03.
Paypal (NASDAQ:PYPL) last posted its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. Paypal had a return on equity of 11.33% and a net margin of 12.69%. The firm had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.18 billion. During the same quarter last year, the firm earned $0.35 earnings per share. 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 earnings per share for the current fiscal year.
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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