WestEnd Advisors LLC cut its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 25.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 888,247 shares of the credit services provider’s stock after selling 302,527 shares during the period. PayPal Holdings accounts for about 5.0% of WestEnd Advisors LLC’s investment portfolio, making the stock its biggest position. WestEnd Advisors LLC owned approximately 0.07% of PayPal Holdings worth $56,874,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. W.G. Shaheen & Associates DBA Whitney & Co raised its stake in shares of PayPal Holdings by 1.4% during the first quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 99,540 shares of the credit services provider’s stock worth $4,282,000 after buying an additional 1,415 shares during the last quarter. King Wealth Management Group LLC bought a new stake in shares of PayPal Holdings during the first quarter worth approximately $291,000. Westside Investment Management Inc. raised its stake in shares of PayPal Holdings by 117.0% during the first quarter. Westside Investment Management Inc. now owns 13,789 shares of the credit services provider’s stock worth $591,000 after buying an additional 7,435 shares during the last quarter. P.A.W. Capital Corp raised its stake in shares of PayPal Holdings by 33.3% during the first quarter. P.A.W. Capital Corp now owns 20,000 shares of the credit services provider’s stock worth $860,000 after buying an additional 5,000 shares during the last quarter. Finally, Good Life Advisors LLC bought a new stake in shares of PayPal Holdings during the first quarter worth approximately $248,000. 82.19% of the stock is owned by institutional investors.

WARNING: “WestEnd Advisors LLC Has $56.87 Million Holdings in PayPal Holdings, Inc. (PYPL)” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another publication, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/11/10/westend-advisors-llc-has-56-87-million-holdings-in-paypal-holdings-inc-pypl.html.

Shares of PayPal Holdings, Inc. (PYPL) traded down $0.23 on Friday, hitting $73.87. 1,152,736 shares of the stock traded hands, compared to its average volume of 9,160,000. The company has a market capitalization of $88,830.00 and a price-to-earnings ratio of 53.41. PayPal Holdings, Inc. has a 52 week low of $38.06 and a 52 week high of $75.45.

PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ 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 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 in the prior year, the firm earned $0.35 earnings per share. analysts anticipate that PayPal Holdings, Inc. will post 1.37 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of PayPal Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Vetr raised shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $60.76 price target for the company in a research note on Thursday, August 10th. Goldman Sachs Group, Inc. (The) reissued a “conviction-buy” rating and set a $72.00 price target (up from $60.00) on shares of PayPal Holdings in a research note on Thursday, July 27th. Robert W. Baird reissued an “outperform” rating and set a $65.00 price target (up from $59.00) on shares of PayPal Holdings in a research note on Thursday, July 27th. Finally, Susquehanna Bancshares Inc reissued a “positive” rating and set a $75.00 price target (up from $67.00) on shares of PayPal Holdings in a research note on Friday, September 29th. Ten investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. PayPal Holdings currently has a consensus rating of “Buy” and an average price target of $69.85.

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.

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPL).

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

Receive News & Stock Ratings for PayPal Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal Holdings Inc. and related stocks with our FREE daily email newsletter.