Caisse DE Depot ET Placement DU Quebec grew its position in Paypal Holdings Inc (NASDAQ:PYPL) by 2.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 264,712 shares of the credit services provider’s stock after purchasing an additional 5,200 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Paypal were worth $17,021,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in PYPL. Apriem Advisors increased its position in Paypal by 0.6% during the second 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 period. Westside Investment Management Inc. increased its position in Paypal by 0.4% during the second quarter. Westside Investment Management Inc. now owns 13,849 shares of the credit services provider’s stock worth $761,000 after acquiring an additional 60 shares during the period. Sigma Planning Corp increased its position in Paypal by 0.4% during the second quarter. Sigma Planning Corp now owns 16,819 shares of the credit services provider’s stock worth $903,000 after acquiring an additional 74 shares during the period. Train Babcock Advisors LLC increased its position in Paypal by 1.6% during the second quarter. Train Babcock Advisors LLC now owns 5,440 shares of the credit services provider’s stock worth $292,000 after acquiring an additional 86 shares during the period. Finally, Calamos Wealth Management LLC increased its position in Paypal by 0.3% during the second quarter. Calamos Wealth Management LLC now owns 38,860 shares of the credit services provider’s stock worth $2,086,000 after acquiring an additional 98 shares during the period. 80.81% of the stock is currently owned by institutional investors.

Paypal Holdings Inc (NASDAQ:PYPL) opened at $73.14 on Thursday. Paypal Holdings Inc has a 12-month low of $38.80 and a 12-month high of $79.39. The company has a market capitalization of $85,575.99, a price-to-earnings ratio of 50.86, a P/E/G ratio of 2.92 and a beta of 1.03.

Paypal (NASDAQ:PYPL) last issued its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.03. Paypal 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 analysts’ expectations of $3.18 billion. During the same quarter last year, the business earned $0.35 earnings per share. Paypal’s revenue was up 21.4% on a year-over-year basis. equities analysts forecast that Paypal Holdings Inc will post 1.37 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on PYPL shares. Credit Suisse Group reaffirmed an “outperform” rating and set a $70.00 target price (up previously from $63.00) on shares of Paypal in a research report on Tuesday, October 10th. BTIG Research reaffirmed a “buy” rating and set a $81.00 target price on shares of Paypal in a research report on Sunday, November 19th. Vetr raised shares of Paypal from a “hold” rating to a “buy” rating and set a $80.21 target price on the stock in a research report on Wednesday, November 29th. Robert W. Baird boosted their target price on shares of Paypal from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, November 16th. Finally, Bank of America boosted their target price on shares of Paypal from $80.00 to $88.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. Ten research analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the company. Paypal has a consensus rating of “Buy” and an average price target of $73.25.

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About Paypal

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 (NASDAQ:PYPL)

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