Oppenheimer & Co. Inc. lowered its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 31.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,125 shares of the credit services provider’s stock after selling 36,893 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in PayPal Holdings were worth $5,131,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. MUFG Securities EMEA plc acquired a new position in shares of PayPal Holdings during the third quarter valued at approximately $833,000. Norinchukin Bank The raised its holdings in shares of PayPal Holdings by 4.8% during the third quarter. Norinchukin Bank The now owns 141,493 shares of the credit services provider’s stock valued at $9,060,000 after acquiring an additional 6,491 shares during the last quarter. ING Groep NV raised its holdings in shares of PayPal Holdings by 487.3% during the third quarter. ING Groep NV now owns 49,889 shares of the credit services provider’s stock valued at $3,194,000 after acquiring an additional 41,394 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of PayPal Holdings by 8.0% during the third quarter. Pacer Advisors Inc. now owns 43,459 shares of the credit services provider’s stock valued at $2,783,000 after acquiring an additional 3,227 shares during the last quarter. Finally, Security National Trust Co. raised its holdings in shares of PayPal Holdings by 6.6% during the third quarter. Security National Trust Co. now owns 22,661 shares of the credit services provider’s stock valued at $1,450,000 after acquiring an additional 1,395 shares during the last quarter. 82.77% of the stock is owned by institutional investors and hedge funds.

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A number of equities analysts have commented on PYPL shares. Citigroup Inc. reissued a “buy” rating and set a $67.00 target price (up previously from $62.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Nomura increased their target price on PayPal Holdings from $57.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, July 27th. Deutsche Bank AG increased their target price on PayPal Holdings from $61.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, July 27th. Monness Crespi & Hardt upped their price target on PayPal Holdings from $70.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $70.00 price target on shares of PayPal Holdings in a research report on Thursday, July 27th. Ten equities research analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $73.11.

PayPal Holdings, Inc. (NASDAQ PYPL) opened at $77.57 on Friday. The firm has a market capitalization of $93,232.16, a P/E ratio of 55.41, a P/E/G ratio of 3.18 and a beta of 1.03. PayPal Holdings, Inc. has a 52-week low of $38.06 and a 52-week high of $78.43.

PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.03. The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.18 billion. PayPal Holdings had a return on equity of 11.33% and a net margin of 12.69%. The firm’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 earnings per share. analysts expect that PayPal Holdings, Inc. will post 1.37 EPS for the current fiscal year.

PayPal Holdings 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 Holdings (NASDAQ:PYPL)

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