Tocqueville Asset Management L.P. increased its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 10.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 455,482 shares of the credit services provider’s stock after purchasing an additional 42,035 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Paypal were worth $40,010,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of PYPL. Acadian Asset Management LLC lifted its stake in Paypal by 221.7% during the second quarter. Acadian Asset Management LLC now owns 4,498 shares of the credit services provider’s stock worth $375,000 after purchasing an additional 3,100 shares during the last quarter. Dupont Capital Management Corp boosted its stake in shares of Paypal by 25.6% in the second quarter. Dupont Capital Management Corp now owns 18,650 shares of the credit services provider’s stock valued at $1,553,000 after buying an additional 3,796 shares in the last quarter. Smith Asset Management Group LP boosted its stake in shares of Paypal by 29.8% in the second quarter. Smith Asset Management Group LP now owns 251,340 shares of the credit services provider’s stock valued at $20,929,000 after buying an additional 57,640 shares in the last quarter. Montag A & Associates Inc. boosted its stake in shares of Paypal by 92.6% in the second quarter. Montag A & Associates Inc. now owns 5,971 shares of the credit services provider’s stock valued at $497,000 after buying an additional 2,870 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its position in Paypal by 0.6% during the second quarter. Public Employees Retirement Association of Colorado now owns 207,895 shares of the credit services provider’s stock worth $17,311,000 after purchasing an additional 1,147 shares in the last quarter. Hedge funds and other institutional investors own 80.52% of the company’s stock.

Shares of PYPL opened at $83.15 on Thursday. The stock has a market capitalization of $99.21 billion, a P/E ratio of 59.90, a price-to-earnings-growth ratio of 2.57 and a beta of 1.22. Paypal Holdings Inc has a one year low of $69.61 and a one year high of $93.70.

Paypal (NASDAQ:PYPL) last issued its quarterly earnings results on Thursday, October 18th. The credit services provider reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. The firm had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.66 billion. Paypal had a return on equity of 13.60% and a net margin of 13.98%. Paypal’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.46 earnings per share. As a group, equities analysts forecast that Paypal Holdings Inc will post 1.79 EPS for the current fiscal year.

In related news, insider Daniel H. Schulman sold 26,000 shares of the stock in a transaction dated Thursday, September 27th. The stock was sold at an average price of $89.57, for a total value of $2,328,820.00. Following the completion of the transaction, the insider now owns 331,506 shares of the company’s stock, valued at $29,692,992.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gary J. Marino sold 1,009 shares of the stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $85.90, for a total value of $86,673.10. Following the completion of the transaction, the insider now directly owns 41,309 shares of the company’s stock, valued at approximately $3,548,443.10. The disclosure for this sale can be found here. Insiders sold 407,213 shares of company stock valued at $34,171,688 in the last three months. 0.20% of the stock is currently owned by company insiders.

Several analysts have recently issued reports on PYPL shares. Zacks Investment Research upgraded Paypal from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research report on Wednesday, October 24th. BidaskClub lowered Paypal from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Stifel Nicolaus upped their price target on Paypal to $108.00 and gave the stock a “buy” rating in a research note on Friday, October 19th. Bank of America upped their price target on Paypal from $98.00 to $102.00 and gave the stock a “buy” rating in a research note on Tuesday, September 11th. Finally, SunTrust Banks lowered their target price on Paypal to $88.00 and set a “hold” rating for the company in a research note on Friday, October 19th. Seven equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $94.96.

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About Paypal

PayPal Holdings, Inc operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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