Independent Advisor Alliance increased its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 25.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,183 shares of the credit services provider’s stock after acquiring an additional 1,053 shares during the period. Independent Advisor Alliance’s holdings in Paypal were worth $343,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. FMR LLC boosted its position in Paypal by 36.1% in the 2nd quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock valued at $4,415,371,000 after buying an additional 21,814,940 shares during the last quarter. Vanguard Group Inc. boosted its position in Paypal by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 77,758,731 shares of the credit services provider’s stock valued at $4,173,311,000 after buying an additional 2,115,017 shares during the last quarter. BlackRock Inc. boosted its position in Paypal by 4.7% in the 2nd quarter. BlackRock Inc. now owns 62,938,949 shares of the credit services provider’s stock valued at $3,377,936,000 after buying an additional 2,835,027 shares during the last quarter. Fundsmith LLP boosted its position in Paypal by 6.8% in the 2nd quarter. Fundsmith LLP now owns 14,051,261 shares of the credit services provider’s stock valued at $754,131,000 after buying an additional 889,976 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in Paypal by 0.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 12,608,026 shares of the credit services provider’s stock valued at $676,673,000 after buying an additional 84,888 shares during the last quarter. Institutional investors and hedge funds own 80.81% of the company’s stock.

A number of research analysts have commented on the company. Wells Fargo & Company increased their price objective on Paypal from $65.00 to $70.00 and gave the company a “market perform” rating in a research report on Friday, October 20th. Craig Hallum set a $93.00 price objective on Paypal and gave the company a “buy” rating in a research report on Monday, November 20th. Loop Capital increased their price objective on Paypal from $57.00 to $67.00 and gave the company a “hold” rating in a research report on Friday, October 20th. Vetr upgraded Paypal from a “hold” rating to a “buy” rating and set a $79.66 price objective on the stock in a research report on Monday, November 20th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $66.00 price objective (up from $61.00) on shares of Paypal in a research report on Tuesday, September 5th. 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. Paypal presently has an average rating of “Buy” and an average price target of $73.53.

In other Paypal news, Director Rodney C. Adkins acquired 6,750 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were acquired at an average price of $74.04 per share, with a total value of $499,770.00. Following the purchase, the director now owns 10,149 shares of the company’s stock, valued at approximately $751,431.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.00% of the company’s stock.

Shares of Paypal Holdings Inc (NASDAQ:PYPL) opened at $74.09 on Thursday. The company has a market capitalization of $88,480.00 and a price-to-earnings ratio of 52.35. Paypal Holdings Inc has a 12 month low of $39.02 and a 12 month high of $79.39.

Paypal (NASDAQ:PYPL) last issued its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, topping the Thomson Reuters’ 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 firm’s revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 EPS. equities research analysts predict that Paypal Holdings Inc will post 1.37 earnings per share for the current year.

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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.

Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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