NWQ Investment Management Company LLC Has $44.07 Million Position in Paypal Holdings Inc (PYPL)

NWQ Investment Management Company LLC lessened its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 17.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 688,304 shares of the credit services provider’s stock after selling 149,371 shares during the period. NWQ Investment Management Company LLC owned approximately 0.06% of Paypal worth $44,072,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Apriem Advisors increased its holdings in shares of Paypal by 0.6% in the 2nd quarter. Apriem Advisors now owns 8,398 shares of the credit services provider’s stock worth $451,000 after purchasing an additional 52 shares in the last quarter. Westside Investment Management Inc. increased its holdings in shares of Paypal by 0.4% in the 2nd quarter. Westside Investment Management Inc. now owns 13,849 shares of the credit services provider’s stock worth $761,000 after purchasing an additional 60 shares in the last quarter. Sigma Planning Corp increased its holdings in shares of Paypal by 0.4% in the 2nd quarter. Sigma Planning Corp now owns 16,819 shares of the credit services provider’s stock worth $903,000 after purchasing an additional 74 shares in the last quarter. Train Babcock Advisors LLC increased its holdings in shares of Paypal by 1.6% in the 2nd quarter. Train Babcock Advisors LLC now owns 5,440 shares of the credit services provider’s stock worth $292,000 after purchasing an additional 86 shares in the last quarter. Finally, Calamos Wealth Management LLC increased its holdings in shares of Paypal by 0.3% in the 2nd quarter. Calamos Wealth Management LLC now owns 38,860 shares of the credit services provider’s stock worth $2,086,000 after purchasing an additional 98 shares in the last quarter. 80.81% of the stock is owned by institutional investors.

A number of analysts have commented on the company. Wells Fargo & Company lifted their target price on Paypal from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Friday, October 20th. Craig Hallum set a $93.00 target price on Paypal and gave the stock a “buy” rating in a report on Monday, November 20th. Loop Capital raised their price target on Paypal from $57.00 to $67.00 and gave the stock a “hold” rating in a research note on Friday, October 20th. Vetr upgraded Paypal from a “hold” rating to a “buy” rating and set a $79.66 price target on the stock in a research note on Monday, November 20th. Finally, Sanford C. Bernstein restated 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 investment 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. The stock currently has an average rating of “Buy” and a consensus target price of $73.25.

Paypal Holdings Inc (NASDAQ:PYPL) opened at $73.14 on Thursday. Paypal Holdings Inc has a 52-week low of $38.80 and a 52-week high of $79.39. The firm has a market capitalization of $85,575.99, a price-to-earnings ratio of 50.86, a P/E/G ratio of 2.92 and a beta of 1.03.

Paypal (NASDAQ:PYPL) last announced 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 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 the consensus estimate of $3.18 billion. During the same period in the previous year, the business earned $0.35 earnings per share. The business’s revenue was up 21.4% on a year-over-year basis. analysts expect that Paypal Holdings Inc will post 1.37 EPS for the current fiscal year.

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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.

Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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