Janney Montgomery Scott LLC boosted its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 1.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 303,200 shares of the credit services provider’s stock after purchasing an additional 2,913 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Paypal were worth $19,414,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of PYPL. San Francisco Sentry Investment Group CA increased its holdings in shares of Paypal by 352.8% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock valued at $100,000 after acquiring an additional 1,217 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Paypal during the 3rd quarter valued at approximately $113,000. Kistler Tiffany Companies LLC boosted its position in Paypal by 511.9% during the 3rd quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock valued at $129,000 after purchasing an additional 1,684 shares during the period. Thompson Davis & CO. Inc. boosted its position in Paypal by 294.3% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 2,421 shares of the credit services provider’s stock valued at $155,000 after purchasing an additional 1,807 shares during the period. Finally, Valeo Financial Advisors LLC acquired a new position in Paypal during the 3rd quarter valued at approximately $172,000. Institutional investors own 80.81% of the company’s stock.

Shares of Paypal Holdings Inc (NASDAQ PYPL) opened at $72.91 on Monday. The firm has a market capitalization of $87,631.27, a price-to-earnings ratio of 52.08, a PEG ratio of 2.99 and a beta of 1.03. Paypal Holdings Inc has a twelve month low of $39.02 and a twelve month high of $79.39.

Paypal (NASDAQ:PYPL) last announced 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. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.18 billion. Paypal had a return on equity of 11.33% and a net margin of 12.69%. The company’s revenue was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 earnings per share. research analysts forecast that Paypal Holdings Inc will post 1.37 earnings per share for the current fiscal year.

PYPL has been the subject of a number of analyst reports. Royal Bank Of Canada restated a “buy” rating and set a $65.00 price objective on shares of Paypal in a research report on Tuesday, August 29th. Buckingham Research initiated coverage on Paypal in a research report on Monday, October 2nd. They set a “buy” rating and a $74.00 price objective for the company. Robert W. Baird restated a “buy” rating and set a $65.00 price objective on shares of Paypal in a research report on Friday, September 29th. KeyCorp restated a “buy” rating and set a $70.00 price objective (up previously from $66.00) on shares of Paypal in a research report on Monday, September 18th. Finally, BTIG Research restated a “buy” rating and set a $70.00 price objective (up previously from $63.00) on shares of Paypal in a research report on Wednesday, September 6th. Ten investment analysts have rated the stock with a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company’s stock. Paypal has an average rating of “Buy” and an average target price of $73.25.

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Paypal 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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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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