Tamar Securities LLC boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL – Get Rating) by 7.8% in the third quarter, Holdings Channel.com reports. The firm owned 80,566 shares of the credit services provider’s stock after purchasing an additional 5,859 shares during the quarter. PayPal comprises 2.2% of Tamar Securities LLC’s portfolio, making the stock its 21st biggest holding. Tamar Securities LLC’s holdings in PayPal were worth $6,934,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of PYPL. Lee Financial Co lifted its holdings in shares of PayPal by 60.4% during the second quarter. Lee Financial Co now owns 361 shares of the credit services provider’s stock worth $25,000 after purchasing an additional 136 shares during the period. New Millennium Group LLC acquired a new position in PayPal during the 2nd quarter worth about $30,000. CKW Financial Group bought a new stake in shares of PayPal in the 2nd quarter valued at about $36,000. Hanson & Doremus Investment Management increased its stake in shares of PayPal by 34.9% in the second quarter. Hanson & Doremus Investment Management now owns 553 shares of the credit services provider’s stock valued at $39,000 after buying an additional 143 shares during the period. Finally, Heritage Financial Services LLC bought a new position in shares of PayPal during the second quarter worth about $41,000. 72.12% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
PYPL has been the subject of a number of recent analyst reports. StockNews.com raised shares of PayPal from a “sell” rating to a “hold” rating in a research report on Thursday, October 20th. Oppenheimer decreased their price objective on shares of PayPal from $99.00 to $85.00 in a research report on Wednesday. BMO Capital Markets dropped their target price on shares of PayPal from $137.00 to $109.00 and set an “outperform” rating on the stock in a report on Monday, November 7th. Citigroup decreased their price target on PayPal from $122.00 to $102.00 in a report on Friday, November 4th. Finally, UBS Group boosted their price objective on PayPal to $125.00 in a research note on Monday, December 12th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-eight have given a buy rating to the company. According to data from MarketBeat, PayPal presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.52.
PayPal Stock Down 2.7 %
PayPal (NASDAQ:PYPL – Get Rating) last released its quarterly earnings results on Thursday, November 3rd. The credit services provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.17. PayPal had a net margin of 8.50% and a return on equity of 16.85%. The company had revenue of $6.85 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same period last year, the firm earned $0.90 earnings per share. The firm’s revenue was up 10.7% on a year-over-year basis. Equities analysts predict that PayPal Holdings, Inc. will post 3.14 earnings per share for the current year.
PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.
- Get a free copy of the StockNews.com research report on PayPal (PYPL)
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