Valeo Financial Advisors LLC bought a new stake in Paypal Holdings Inc (NASDAQ:PYPL) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,686 shares of the credit services provider’s stock, valued at approximately $172,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Apriem Advisors lifted its stake in shares of Paypal by 0.6% in the second quarter. Apriem Advisors now owns 8,398 shares of the credit services provider’s stock worth $451,000 after buying an additional 52 shares in the last quarter. Westside Investment Management Inc. lifted its stake in shares of Paypal by 0.4% in the second quarter. Westside Investment Management Inc. now owns 13,849 shares of the credit services provider’s stock worth $761,000 after buying an additional 60 shares in the last quarter. Sigma Planning Corp lifted its stake in shares of Paypal by 0.4% in the second quarter. Sigma Planning Corp now owns 16,819 shares of the credit services provider’s stock worth $903,000 after buying an additional 74 shares in the last quarter. Train Babcock Advisors LLC lifted its stake in shares of Paypal by 1.6% in the second quarter. Train Babcock Advisors LLC now owns 5,440 shares of the credit services provider’s stock worth $292,000 after buying an additional 86 shares in the last quarter. Finally, Calamos Wealth Management LLC lifted its stake in shares of Paypal by 0.3% in the second quarter. Calamos Wealth Management LLC now owns 38,860 shares of the credit services provider’s stock worth $2,086,000 after buying an additional 98 shares in the last quarter. Institutional investors and hedge funds own 80.81% of the company’s stock.

Shares of Paypal Holdings Inc (PYPL) opened at $73.62 on Wednesday. Paypal Holdings Inc has a 12-month low of $39.02 and a 12-month high of $79.39. The firm has a market cap of $88,640.00 and a PE ratio of 52.08.

Paypal (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, beating analysts’ consensus estimates of $0.43 by $0.03. Paypal had a net margin of 12.69% and a return on equity of 11.33%. The business had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.18 billion. During the same period last year, the business earned $0.35 earnings per share. The business’s revenue for the quarter was up 21.4% on a year-over-year basis. research analysts expect that Paypal Holdings Inc will post 1.37 EPS for the current fiscal year.

Several equities analysts have recently weighed in on PYPL shares. Credit Suisse Group reissued an “outperform” rating and issued a $85.00 price target (up from $74.00) on shares of Paypal in a research note on Friday, November 17th. Barclays raised their price target on shares of Paypal from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, October 20th. Citigroup reissued a “buy” rating and issued a $87.00 price target on shares of Paypal in a research note on Friday, November 17th. Zacks Investment Research downgraded shares of Paypal from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, Argus lifted their target price on shares of Paypal from $80.00 to $87.00 and gave the stock a “buy” rating in a research note on Friday, November 17th. Ten research analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $73.25.

In related news, Director Rodney C. Adkins purchased 6,750 shares of the company’s stock in a transaction on Friday, December 8th. The stock was acquired at an average cost of $74.04 per share, for a total transaction of $499,770.00. Following the completion of the transaction, the director now directly owns 10,149 shares in the company, valued at $751,431.96. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 6.00% of the stock is owned by company insiders.

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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.

Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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