Psagot Investment House Ltd. raised its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 31.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,967 shares of the credit services provider’s stock after buying an additional 19,803 shares during the period. Psagot Investment House Ltd.’s holdings in Paypal were worth $5,248,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. San Francisco Sentry Investment Group CA lifted its position in shares of Paypal by 352.8% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock worth $100,000 after purchasing an additional 1,217 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Paypal in the 3rd quarter worth about $113,000. Kistler Tiffany Companies LLC lifted its position in shares of Paypal by 511.9% in the 3rd quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock worth $129,000 after purchasing an additional 1,684 shares during the period. Harvest Fund Management Co. Ltd lifted its position in shares of Paypal by 171.4% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock worth $154,000 after purchasing an additional 1,808 shares during the period. Finally, Thompson Davis & CO. Inc. lifted its position in shares of Paypal by 294.3% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 2,421 shares of the credit services provider’s stock worth $155,000 after purchasing an additional 1,807 shares during the period. 80.81% of the stock is owned by institutional investors and hedge funds.

Shares of Paypal Holdings Inc (NASDAQ:PYPL) opened at $71.20 on Wednesday. Paypal Holdings Inc has a 12 month low of $38.71 and a 12 month high of $79.39. The company has a market cap of $85,299.55, a P/E ratio of 50.69, a PEG ratio of 2.91 and a beta of 1.03.

Paypal (NASDAQ:PYPL) last announced its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates 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 had a net margin of 12.69% and a return on equity of 11.33%. The business’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.35 earnings per share. equities analysts expect that Paypal Holdings Inc will post 1.37 EPS for the current fiscal year.

Several equities research analysts have recently commented on PYPL shares. Vetr raised shares of Paypal from a “hold” rating to a “buy” rating and set a $60.76 target price for the company in a research report on Thursday, August 10th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $65.00 target price on shares of Paypal in a research report on Tuesday, August 29th. Susquehanna Bancshares reaffirmed a “positive” rating and issued a $67.00 target price on shares of Paypal in a research report on Tuesday, August 29th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Paypal in a research report on Tuesday, September 5th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $66.00 price target (up from $61.00) on shares of Paypal in a research note on Tuesday, September 5th. Ten analysts have rated the stock with a hold rating, thirty-two have given a buy rating and three have issued a strong buy rating to the company. Paypal presently has an average rating of “Buy” and a consensus price target of $73.24.

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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.

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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