Westfield Capital Management Co. LP Sells 44,787 Shares of Paypal Holdings Inc (PYPL)

Westfield Capital Management Co. LP lowered its position in Paypal Holdings Inc (NASDAQ:PYPL) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,545,911 shares of the credit services provider’s stock after selling 44,787 shares during the period. Westfield Capital Management Co. LP owned approximately 0.13% of Paypal worth $98,985,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Paypal in the third quarter valued at approximately $113,000. Kistler Tiffany Companies LLC boosted its position in Paypal by 511.9% in the third quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock valued at $129,000 after buying an additional 1,684 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its position in Paypal by 171.4% in the second quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock valued at $154,000 after buying an additional 1,808 shares during the last quarter. Thompson Davis & CO. Inc. boosted its position in Paypal by 294.3% in the third quarter. Thompson Davis & CO. Inc. now owns 2,421 shares of the credit services provider’s stock valued at $155,000 after buying an additional 1,807 shares during the last quarter. Finally, MV Capital Management Inc. boosted its position in Paypal by 7.2% in the second quarter. MV Capital Management Inc. now owns 2,963 shares of the credit services provider’s stock valued at $159,000 after buying an additional 199 shares during the last quarter. Hedge funds and other institutional investors own 81.25% of the company’s stock.

Paypal Holdings Inc (PYPL) opened at $75.30 on Friday. Paypal Holdings Inc has a 52-week low of $38.06 and a 52-week high of $79.39. The stock has a market capitalization of $91,020.65, a P/E ratio of 54.09, a PEG ratio of 3.10 and a beta of 1.03.

Paypal (NASDAQ:PYPL) last announced its earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. Paypal had a return on equity of 11.33% and a net margin of 12.69%. The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.18 billion. During the same quarter last year, the firm posted $0.35 EPS. The business’s revenue was up 21.4% on a year-over-year basis. analysts expect that Paypal Holdings Inc will post 1.37 earnings per share for the current year.

A number of equities research analysts recently commented on the company. Barclays reiterated a “buy” rating on shares of Paypal in a research report on Tuesday, November 21st. Canaccord Genuity reiterated a “hold” rating and issued a $66.00 target price on shares of Paypal in a research report on Thursday, November 16th. Robert W. Baird upped their price objective on Paypal from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, November 16th. Vetr lowered Paypal from a “buy” rating to a “hold” rating and set a $78.63 price objective on the stock. in a research report on Friday, November 17th. Finally, KeyCorp restated an “overweight” rating and issued a $85.00 price objective (up previously from $80.00) on shares of Paypal in a research report on Friday, November 17th. Ten investment analysts have rated the stock with a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $73.12.

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About Paypal

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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