PayPal Holdings, Inc. (PYPL) Holdings Lessened by Thompson Investment Management Inc.
Thompson Investment Management Inc. reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 86,351 shares of the credit services provider’s stock after selling 4,039 shares during the quarter. Thompson Investment Management Inc.’s holdings in PayPal Holdings were worth $5,529,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of PayPal Holdings during the third quarter worth about $113,000. Kistler Tiffany Companies LLC grew its holdings in shares of 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 worth $129,000 after buying an additional 1,684 shares in the last quarter. Archford Capital Strategies LLC grew its holdings in shares of PayPal Holdings by 65.4% during the first quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock worth $139,000 after buying an additional 1,281 shares in the last quarter. Balentine LLC grew its holdings in shares of PayPal Holdings by 28.7% during the first quarter. Balentine LLC now owns 3,494 shares of the credit services provider’s stock worth $150,000 after buying an additional 780 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd grew its holdings in shares of 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 worth $154,000 after buying an additional 1,808 shares in the last quarter. Institutional investors own 83.08% of the company’s stock.
PYPL has been the subject of a number of research reports. Nomura increased their price objective on PayPal Holdings from $57.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, July 27th. Deutsche Bank AG increased their price objective on PayPal Holdings from $61.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, July 27th. Vetr upgraded PayPal Holdings from a “hold” rating to a “buy” rating and set a $60.76 price objective for the company in a report on Tuesday, July 25th. BTIG Research reiterated a “buy” rating and set a $63.00 price objective on shares of PayPal Holdings in a report on Monday, July 24th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $68.00 price objective (up from $61.00) on shares of PayPal Holdings in a report on Monday, July 24th. Eleven equities research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and two have assigned a strong buy rating to the stock. PayPal Holdings currently has an average rating of “Buy” and an average price target of $72.18.
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PayPal Holdings, Inc. (NASDAQ PYPL) traded down $1.61 during midday trading on Friday, hitting $76.09. The company had a trading volume of 6,190,000 shares, compared to its average volume of 9,420,000. PayPal Holdings, Inc. has a 12 month low of $38.06 and a 12 month high of $78.01. The firm has a market cap of $91,450.00 and a P/E ratio of 52.45.
PayPal Holdings (NASDAQ:PYPL) last released 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. 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 for the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter last year, the business posted $0.35 EPS. PayPal Holdings’s revenue for the quarter was up 21.4% on a year-over-year basis. equities analysts expect that PayPal Holdings, Inc. will post 1.37 EPS for the current fiscal 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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