Financial Partners Capital Management LLC cut its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 158,447 shares of the credit services provider’s stock after selling 2,310 shares during the quarter. PayPal comprises approximately 1.9% of Financial Partners Capital Management LLC’s portfolio, making the stock its 16th biggest holding. Financial Partners Capital Management LLC’s holdings in PayPal were worth $10,145,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. AGF Investments Inc. purchased a new position in PayPal during the third quarter worth about $49,995,000. Great West Life Assurance Co. Can raised its holdings in shares of PayPal by 2.6% in the 3rd quarter. Great West Life Assurance Co. Can now owns 871,185 shares of the credit services provider’s stock worth $55,617,000 after purchasing an additional 22,016 shares during the period. Nordea Investment Management AB raised its holdings in shares of PayPal by 198.1% in the 3rd quarter. Nordea Investment Management AB now owns 535,506 shares of the credit services provider’s stock worth $34,288,000 after purchasing an additional 355,887 shares during the period. ETRADE Capital Management LLC raised its holdings in shares of PayPal by 30.8% in the 3rd quarter. ETRADE Capital Management LLC now owns 9,664 shares of the credit services provider’s stock worth $619,000 after purchasing an additional 2,274 shares during the period. Finally, Trustmark National Bank Trust Department raised its holdings in shares of PayPal by 9.5% in the 3rd quarter. Trustmark National Bank Trust Department now owns 30,658 shares of the credit services provider’s stock worth $1,963,000 after purchasing an additional 2,648 shares during the period. Hedge funds and other institutional investors own 82.77% of the company’s stock.

PYPL has been the topic of a number of research reports. BTIG Research restated a “buy” rating and issued a $70.00 price objective (up from $63.00) on shares of PayPal in a report on Wednesday, September 6th. Jefferies Group LLC restated a “buy” rating and issued a $61.27 price objective (down from $70.00) on shares of PayPal in a report on Wednesday, September 6th. KeyCorp restated a “buy” rating and issued a $70.00 price objective (up from $66.00) on shares of PayPal in a report on Monday, September 18th. Royal Bank Of Canada restated a “buy” rating and issued a $65.00 price objective on shares of PayPal in a report on Tuesday, August 29th. Finally, Vetr upgraded PayPal from a “hold” rating to a “buy” rating and set a $60.76 price objective on the stock in a report on Thursday, August 10th. Ten research analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $73.11.

Shares of PayPal Holdings, Inc. (NASDAQ PYPL) opened at $78.57 on Monday. The stock has a market capitalization of $94,430.00 and a P/E ratio of 56.12. PayPal Holdings, Inc. has a 1-year low of $38.06 and a 1-year high of $78.90.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.03. The business had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.18 billion. PayPal had a return on equity of 11.33% and a net margin of 12.69%. The business’s revenue was up 21.4% on a year-over-year basis. During the same quarter last year, the business posted $0.35 EPS. sell-side analysts anticipate that PayPal Holdings, Inc. will post 1.37 earnings per share for the current year.

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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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