Provident Trust Co. lowered its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,328,674 shares of the credit services provider’s stock after selling 14,214 shares during the period. PayPal Holdings makes up 3.8% of Provident Trust Co.’s investment portfolio, making the stock its 14th largest holding. Provident Trust Co. owned about 0.11% of PayPal Holdings worth $85,075,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of PYPL. Rosenblum Silverman Sutton S F Inc. CA lifted its stake in shares of PayPal Holdings by 22.6% in the first quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 75,896 shares of the credit services provider’s stock worth $3,265,000 after buying an additional 14,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of PayPal Holdings by 10.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,205,204 shares of the credit services provider’s stock worth $94,873,000 after buying an additional 211,563 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of PayPal Holdings by 231.6% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 835,012 shares of the credit services provider’s stock worth $35,961,000 after buying an additional 583,200 shares in the last quarter. Northside Capital Management LLC bought a new position in shares of PayPal Holdings in the first quarter worth approximately $921,000. Finally, Portland Hill Asset Management Ltd bought a new position in shares of PayPal Holdings in the first quarter worth approximately $9,731,000. 82.77% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently issued reports on PYPL. Barclays PLC reiterated a “buy” rating on shares of PayPal Holdings in a research note on Tuesday. Canaccord Genuity reiterated a “hold” rating and issued a $66.00 target price on shares of PayPal Holdings in a research note on Thursday, November 16th. Robert W. Baird upped their target price on shares of PayPal Holdings from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, November 16th. Vetr downgraded shares of PayPal Holdings from a “buy” rating to a “hold” rating and set a $78.63 target price on the stock. in a research note on Friday, November 17th. Finally, KeyCorp reiterated an “overweight” rating and issued a $85.00 target price (up previously from $80.00) on shares of PayPal Holdings in a research note on Friday, November 17th. Ten equities 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 company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $73.11.

PayPal Holdings, Inc. (NASDAQ:PYPL) traded up $1.76 during mid-day trading on Wednesday, reaching $77.77. 10,603,100 shares of the company’s stock traded hands, compared to its average volume of 7,648,236. PayPal Holdings, Inc. has a fifty-two week low of $38.06 and a fifty-two week high of $78.43. The company has a market capitalization of $91,357.19, a price-to-earnings ratio of 54.29, a P/E/G ratio of 3.11 and a beta of 1.03.

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

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About PayPal Holdings

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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