Bank of New York Mellon Corp lifted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 25.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,973,668 shares of the credit services provider’s stock after buying an additional 2,234,157 shares during the period. Bank of New York Mellon Corp owned approximately 0.91% of PayPal Holdings worth $702,644,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of PayPal Holdings during the third quarter worth $113,000. Kistler Tiffany Companies LLC raised its position in PayPal Holdings by 511.9% during the third quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock valued at $129,000 after buying an additional 1,684 shares during the period. Thompson Davis & CO. Inc. raised its position in PayPal Holdings by 294.3% during the third quarter. Thompson Davis & CO. Inc. now owns 2,421 shares of the credit services provider’s stock valued at $155,000 after buying an additional 1,807 shares during the period. Harvest Fund Management Co. Ltd raised its position in PayPal Holdings by 171.4% during the second quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock valued at $154,000 after buying an additional 1,808 shares during the period. Finally, MV Capital Management Inc. raised its position in PayPal Holdings by 7.2% during the second quarter. MV Capital Management Inc. now owns 2,963 shares of the credit services provider’s stock valued at $159,000 after buying an additional 199 shares during the period. 83.08% of the stock is currently owned by institutional investors.

Several research firms recently weighed in on PYPL. Citigroup Inc. reissued a “buy” rating and set a $67.00 price target (up from $62.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. Nomura boosted their target price on PayPal Holdings from $57.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. Stifel Nicolaus boosted their target price on PayPal Holdings from $61.00 to $70.00 and gave the company a “hold” rating in a research note on Sunday, October 22nd. Zacks Investment Research upgraded PayPal Holdings from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research note on Thursday, October 26th. Finally, Barclays PLC boosted their target price on PayPal Holdings from $63.00 to $66.00 and gave the company an “overweight” rating in a research note on Thursday, July 27th. Ten investment 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 company. PayPal Holdings has an average rating of “Buy” and a consensus price target of $69.85.

Shares of PayPal Holdings, Inc. (PYPL) traded up $2.23 during trading hours on Thursday, hitting $75.66. The stock had a trading volume of 2,640,000 shares, compared to its average volume of 9,240,000. PayPal Holdings, Inc. has a 12 month low of $38.06 and a 12 month high of $76.68. The company has a market capitalization of $90,940.00 and a PE ratio of 53.21.

PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. PayPal Holdings had a return on equity of 11.33% and a net margin of 12.69%. The company had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.18 billion. During the same quarter in the previous year, the company posted $0.35 earnings per share. The business’s revenue was up 21.4% on a year-over-year basis. research analysts expect that PayPal Holdings, Inc. will post 1.37 earnings per share 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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Institutional Ownership by Quarter for PayPal Holdings (NASDAQ:PYPL)

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