Segantii Capital Management Ltd purchased a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 115,000 shares of the credit services provider’s stock, valued at approximately $7,363,000. PayPal Holdings accounts for about 2.9% of Segantii Capital Management Ltd’s investment portfolio, making the stock its 13th biggest position. Segantii Capital Management Ltd owned about 9,568.10% of PayPal Holdings at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Kistler Tiffany Companies LLC grew its position in PayPal Holdings by 511.9% in the third 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. Archford Capital Strategies LLC grew its position in PayPal Holdings by 65.4% in the first quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock worth $139,000 after acquiring an additional 1,281 shares in the last quarter. Balentine LLC grew its position in PayPal Holdings by 28.7% in the first quarter. Balentine LLC now owns 3,494 shares of the credit services provider’s stock worth $150,000 after acquiring an additional 780 shares in the last quarter. Harvest Fund Management Co. Ltd grew its position in PayPal Holdings by 171.4% in the second quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock worth $154,000 after acquiring an additional 1,808 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its position in PayPal Holdings by 5.6% in the first quarter. SRS Capital Advisors Inc. now owns 3,611 shares of the credit services provider’s stock worth $155,000 after acquiring an additional 190 shares in the last quarter. 82.19% of the stock is currently owned by hedge funds and other institutional investors.

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PYPL has been the subject of several analyst reports. Loop Capital restated a “hold” rating and set a $49.00 price target on shares of PayPal Holdings in a research report on Wednesday, July 12th. Credit Suisse Group restated an “outperform” rating and set a $56.00 price target on shares of PayPal Holdings in a research report on Thursday, July 13th. Piper Jaffray Companies upped their price target on shares of PayPal Holdings and gave the company a “neutral” rating in a research report on Friday, July 14th. Jefferies Group LLC restated a “buy” rating and set a $61.00 price target on shares of PayPal Holdings in a research report on Friday, July 14th. Finally, Citigroup Inc. restated a “positive” rating and set a $67.00 price target (up from $55.00) on shares of PayPal Holdings in a research report on Tuesday, July 18th. 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. The company has a consensus rating of “Buy” and an average price target of $69.85.

Shares of PayPal Holdings, Inc. (NASDAQ PYPL) traded down $1.16 during mid-day trading on Thursday, hitting $73.61. 2,628,244 shares of the stock traded hands, compared to its average volume of 10,563,914. The company has a market cap of $89,434.13, a P/E ratio of 53.15, a price-to-earnings-growth ratio of 3.09 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 announced its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.18 billion. PayPal Holdings had a net margin of 12.69% and a return on equity of 11.33%. The company’s revenue was up 21.4% on a year-over-year basis. During the same period last year, the firm earned $0.35 EPS. analysts predict that PayPal Holdings, Inc. will post 1.37 earnings per share for the current year.

PayPal Holdings Company 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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Institutional Ownership by Quarter for PayPal Holdings (NASDAQ:PYPL)

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