San Francisco Sentry Investment Group CA lifted its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 352.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,562 shares of the credit services provider’s stock after purchasing an additional 1,217 shares during the period. San Francisco Sentry Investment Group CA’s holdings in Paypal were worth $100,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of PYPL. Bank of Nova Scotia increased its stake in shares of Paypal by 927.2% during the 1st quarter. Bank of Nova Scotia now owns 257,051 shares of the credit services provider’s stock worth $11,058,000 after purchasing an additional 232,026 shares in the last quarter. North Star Asset Management Inc. increased its stake in shares of Paypal by 3.9% during the 1st quarter. North Star Asset Management Inc. now owns 176,225 shares of the credit services provider’s stock worth $7,581,000 after purchasing an additional 6,576 shares in the last quarter. Cambridge Trust Co. acquired a new stake in Paypal during the first quarter worth approximately $8,536,000. Achmea Investment Management B.V. acquired a new stake in Paypal during the first quarter worth approximately $3,305,000. Finally, Piedmont Investment Advisors LLC boosted its position in Paypal by 0.9% during the first quarter. Piedmont Investment Advisors LLC now owns 240,182 shares of the credit services provider’s stock worth $10,333,000 after acquiring an additional 2,070 shares during the last quarter. 81.25% of the stock is owned by institutional investors and hedge funds.
Paypal Holdings Inc (NASDAQ PYPL) opened at $75.30 on Monday. Paypal Holdings Inc has a one year low of $38.06 and a one year high of $79.39. The company has a market cap of $90,503.83, a price-to-earnings ratio of 53.79, a PEG ratio of 3.08 and a beta of 1.03.
A number of analysts recently issued reports on the stock. Vetr upgraded shares of Paypal from a “hold” rating to a “buy” rating and set a $60.76 target price on the stock in a research report on Thursday, August 10th. Susquehanna Bancshares restated a “positive” rating and set a $75.00 target price (up previously from $67.00) on shares of Paypal in a research report on Friday, September 29th. Bank of America restated a “buy” rating and set a $88.00 target price (up previously from $80.00) on shares of Paypal in a research report on Friday. Sanford C. Bernstein restated an “outperform” rating and set a $66.00 target price on shares of Paypal in a research report on Wednesday, September 27th. Finally, Mizuho restated a “hold” rating and set a $50.00 target price on shares of Paypal in a research report on Sunday, October 15th. Ten equities research analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Paypal has a consensus rating of “Buy” and a consensus target price of $73.12.
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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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