Cobblestone Capital Advisors LLC NY decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,234 shares of the credit services provider’s stock after selling 1,235 shares during the quarter. PayPal Holdings accounts for approximately 1.0% of Cobblestone Capital Advisors LLC NY’s portfolio, making the stock its 29th largest position. Cobblestone Capital Advisors LLC NY’s holdings in PayPal Holdings were worth $8,339,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Guardian Life Insurance Co. of America lifted its position in PayPal Holdings by 0.9% in the 1st quarter. Guardian Life Insurance Co. of America now owns 4,338 shares of the credit services provider’s stock worth $187,000 after buying an additional 38 shares during the last quarter. Apriem Advisors lifted its position in PayPal Holdings by 0.6% in the 2nd quarter. Apriem Advisors now owns 8,398 shares of the credit services provider’s stock worth $451,000 after buying an additional 52 shares during the last quarter. Westside Investment Management Inc. lifted its position in PayPal Holdings by 0.4% in the 2nd 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 during the last quarter. Sigma Planning Corp lifted its position in PayPal Holdings by 0.4% in the 2nd 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 during the last quarter. Finally, Train Babcock Advisors LLC lifted its position in PayPal Holdings by 1.6% in the 2nd 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 during the last quarter. 82.19% of the stock is owned by institutional investors.

Shares of PayPal Holdings, Inc. (NASDAQ PYPL) traded down $0.11 during mid-day trading on Friday, hitting $73.99. The company had a trading volume of 5,714,500 shares, compared to its average volume of 10,342,644. PayPal Holdings, Inc. has a 52-week low of $38.06 and a 52-week high of $75.45. The company has a market cap of $88,929.32, a price-to-earnings ratio of 52.85, a P/E/G ratio of 3.07 and a beta of 1.03.

PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.03. The firm 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%. PayPal Holdings’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same period last year, the company earned $0.35 EPS. research analysts anticipate that PayPal Holdings, Inc. will post 1.37 EPS for the current year.

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A number of analysts recently weighed in on the company. Zacks Investment Research downgraded PayPal Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Vetr upgraded PayPal Holdings from a “hold” rating to a “buy” rating and set a $76.80 target price for the company in a research report on Tuesday, October 31st. Jefferies Group LLC restated an “outperform” rating and issued a $80.00 target price on shares of PayPal Holdings in a research report on Monday, October 23rd. Piper Jaffray Companies reiterated a “hold” rating and issued a $69.00 price objective on shares of PayPal Holdings in a research report on Sunday, October 22nd. Finally, Stifel Nicolaus boosted their price objective on PayPal Holdings from $61.00 to $70.00 and gave the company a “hold” rating in a research report on Sunday, October 22nd. Ten investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $69.85.

PayPal Holdings 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.

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Institutional Ownership by Quarter for PayPal Holdings (NASDAQ:PYPL)

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