Greystone Investment Management LLC trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,240 shares of the credit services provider’s stock after selling 1,520 shares during the quarter. PayPal Holdings accounts for approximately 3.6% of Greystone Investment Management LLC’s investment portfolio, making the stock its 11th largest position. Greystone Investment Management LLC’s holdings in PayPal Holdings were worth $7,571,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rhumbline Advisers boosted its stake in PayPal Holdings by 0.9% during the second quarter. Rhumbline Advisers now owns 1,850,531 shares of the credit services provider’s stock worth $99,318,000 after buying an additional 17,139 shares during the period. Shikiar Asset Management Inc. boosted its stake in PayPal Holdings by 2,671.9% during the second quarter. Shikiar Asset Management Inc. now owns 141,365 shares of the credit services provider’s stock worth $7,587,000 after buying an additional 136,265 shares during the period. Fundsmith LLP boosted its stake in PayPal Holdings by 6.8% during the second quarter. Fundsmith LLP now owns 14,051,261 shares of the credit services provider’s stock worth $754,131,000 after buying an additional 889,976 shares during the period. Smith Asset Management Group LP purchased a new position in PayPal Holdings during the second quarter worth $50,648,000. Finally, Wealthfront Inc. boosted its stake in shares of PayPal Holdings by 19.2% during the second quarter. Wealthfront Inc. now owns 42,458 shares of the credit services provider’s stock valued at $2,279,000 after purchasing an additional 6,829 shares during the period. 82.35% of the stock is owned by institutional investors.
In other PayPal Holdings news, Director John J. Donahoe sold 170,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $58.18, for a total value of $9,890,600.00. Following the sale, the director now owns 124,516 shares in the company, valued at approximately $7,244,340.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 6.00% of the company’s stock.
A number of analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of PayPal Holdings from a “buy” rating to a “hold” rating in a research note on Thursday. Vetr raised shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $76.80 target price for the company in a research note on Tuesday. Jefferies Group LLC reissued an “outperform” rating and set a $80.00 target price on shares of PayPal Holdings in a research note on Monday, October 23rd. Piper Jaffray Companies reissued a “hold” rating and set a $69.00 target price on shares of PayPal Holdings in a research note on Sunday, October 22nd. Finally, Stifel Nicolaus boosted their target price on shares of PayPal Holdings from $61.00 to $70.00 and gave the company a “hold” rating in a research note on Sunday, October 22nd. Ten equities research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. PayPal Holdings has an average rating of “Buy” and an average target price of $69.85.
Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) opened at $73.39 on Friday. The stock has a market cap of $86.84 billion, a P/E ratio of 51.61, a P/E/G ratio of 3.00 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, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. PayPal Holdings had a return on equity of 11.33% and a net margin of 12.69%. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.18 billion. During the same quarter in the prior year, the firm posted $0.35 EPS. The business’s quarterly revenue was up 21.4% compared to the same quarter last year. equities analysts forecast that PayPal Holdings, Inc. will post 1.37 earnings per share for the current year.
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.
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