Security National Trust Co. increased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,661 shares of the credit services provider’s stock after acquiring an additional 1,395 shares during the period. Security National Trust Co.’s holdings in PayPal Holdings were worth $1,450,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Apriem Advisors raised its holdings in PayPal Holdings by 0.6% in the 2nd quarter. Apriem Advisors now owns 8,398 shares of the credit services provider’s stock worth $451,000 after acquiring an additional 52 shares during the last quarter. Westside Investment Management Inc. grew its position in PayPal Holdings by 0.4% in the 2nd quarter. Westside Investment Management Inc. now owns 13,849 shares of the credit services provider’s stock worth $761,000 after purchasing an additional 60 shares during the period. Sigma Planning Corp grew its position in PayPal Holdings by 0.4% in the 2nd quarter. Sigma Planning Corp now owns 16,819 shares of the credit services provider’s stock worth $903,000 after purchasing an additional 74 shares during the period. Train Babcock Advisors LLC grew its position in PayPal Holdings by 1.6% in the 2nd quarter. Train Babcock Advisors LLC now owns 5,440 shares of the credit services provider’s stock worth $292,000 after purchasing an additional 86 shares during the period. Finally, Calamos Wealth Management LLC grew its position in PayPal Holdings by 0.3% in the 2nd quarter. Calamos Wealth Management LLC now owns 38,860 shares of the credit services provider’s stock worth $2,086,000 after purchasing an additional 98 shares during the period. Institutional investors own 82.77% of the company’s stock.

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PYPL has been the subject of a number of research analyst reports. Vetr downgraded shares of PayPal Holdings from a “hold” rating to a “sell” rating and set a $56.88 target price for the company. in a research report on Monday, July 24th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $68.00 target price (up previously from $61.00) on shares of PayPal Holdings in a research report on Monday, July 24th. BTIG Research reaffirmed a “buy” rating and issued a $63.00 target price on shares of PayPal Holdings in a research report on Monday, July 24th. Deutsche Bank AG lifted their target price on shares of PayPal Holdings from $61.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, Nomura lifted their target price on shares of PayPal Holdings from $57.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. Ten research analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the stock. PayPal Holdings has an average rating of “Buy” and a consensus target price of $73.11.

Shares of PayPal Holdings, Inc. (PYPL) traded down $1.32 during trading hours on Monday, reaching $76.38. 11,886,600 shares of the company traded hands, compared to its average volume of 7,638,588. The company has a market cap of $91,980.00 and a P/E ratio of 54.56. PayPal Holdings, Inc. has a one year low of $38.06 and a one year high of $78.01.

PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. The company 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 firm’s revenue was up 21.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 EPS. analysts forecast that PayPal Holdings, Inc. will post 1.37 EPS for the current year.

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)

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