Columbia Partners L L C Investment Management trimmed its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 11.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 78,524 shares of the credit services provider’s stock after selling 9,930 shares during the quarter. Columbia Partners L L C Investment Management’s holdings in PayPal Holdings were worth $5,027,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MARSHALL WACE ASIA Ltd acquired a new position in PayPal Holdings in the first quarter valued at $9,583,000. Guardian Life Insurance Co. of America increased its stake in PayPal Holdings by 0.9% in the first quarter. Guardian Life Insurance Co. of America now owns 4,338 shares of the credit services provider’s stock valued at $187,000 after purchasing an additional 38 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in PayPal Holdings in the first quarter valued at $9,583,000. Meiji Yasuda Asset Management Co Ltd. increased its stake in PayPal Holdings by 10.8% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 28,302 shares of the credit services provider’s stock valued at $1,218,000 after purchasing an additional 2,760 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in PayPal Holdings by 3.5% in the first quarter. Vanguard Group Inc. now owns 75,643,714 shares of the credit services provider’s stock valued at $3,254,192,000 after purchasing an additional 2,549,683 shares during the last quarter. 83.08% of the stock is owned by institutional investors.

Shares of PayPal Holdings, Inc. (PYPL) traded down $1.32 during trading on Friday, hitting $76.38. The stock had a trading volume of 11,771,514 shares, compared to its average volume of 9,621,823. The firm has a market cap of $91,801.88, a PE ratio of 54.56, a price-to-earnings-growth ratio of 3.17 and a beta of 1.03. PayPal Holdings, Inc. has a fifty-two week low of $38.06 and a fifty-two week high of $78.01.

PayPal Holdings (NASDAQ:PYPL) last announced its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. The business had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.18 billion. PayPal Holdings had a return on equity of 11.33% and a net margin of 12.69%. The business’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 EPS. equities research analysts predict that PayPal Holdings, Inc. will post 1.37 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/11/19/columbia-partners-l-l-c-investment-management-has-5-03-million-stake-in-paypal-holdings-inc-pypl.html.

Several research firms recently commented on PYPL. Oppenheimer Holdings, Inc. upped their target price on PayPal Holdings from $50.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. Wells Fargo & Company upped their target price on PayPal Holdings from $65.00 to $70.00 and gave the company a “market perform” rating in a research note on Friday, October 20th. Cowen and Company reiterated a “market perform” rating and issued a $52.00 target price (up from $48.00) on shares of PayPal Holdings in a research note on Thursday, July 27th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $70.00 target price on shares of PayPal Holdings in a research note on Thursday, July 27th. Finally, Loop Capital upped their target price on PayPal Holdings from $57.00 to $67.00 and gave the company a “hold” rating in a research note on Friday, October 20th. Eleven 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. The company has an average rating of “Buy” and an average price target of $72.43.

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.

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.