Moody Lynn & Lieberson LLC lifted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 46.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 178,725 shares of the credit services provider’s stock after purchasing an additional 56,453 shares during the period. PayPal Holdings comprises about 1.4% of Moody Lynn & Lieberson LLC’s holdings, making the stock its 26th largest holding. Moody Lynn & Lieberson LLC’s holdings in PayPal Holdings were worth $11,444,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the stock. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in PayPal Holdings during the 3rd quarter worth about $113,000. Kistler Tiffany Companies LLC lifted its holdings in PayPal Holdings by 511.9% during the 3rd quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock worth $129,000 after buying an additional 1,684 shares during the last quarter. Archford Capital Strategies LLC lifted its holdings in PayPal Holdings by 65.4% during the 1st quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock worth $139,000 after buying an additional 1,281 shares during the last quarter. Balentine LLC lifted its holdings in PayPal Holdings by 28.7% during the 1st quarter. Balentine LLC now owns 3,494 shares of the credit services provider’s stock worth $150,000 after buying an additional 780 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd lifted its holdings in PayPal Holdings by 171.4% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock worth $154,000 after buying an additional 1,808 shares during the last quarter. Hedge funds and other institutional investors own 83.08% of the company’s stock.
A number of brokerages have issued reports on PYPL. Vetr raised PayPal Holdings from a “hold” rating to a “buy” rating and set a $60.76 price target for the company in a report on Thursday, August 10th. Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating and set a $72.00 price target (up from $60.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Robert W. Baird reaffirmed an “outperform” rating and set a $65.00 price target (up from $59.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $75.00 price target (up from $67.00) on shares of PayPal Holdings in a report on Friday, September 29th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $66.00 price target on shares of PayPal Holdings in a report on Wednesday, September 27th. Ten equities research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $69.85.
PayPal Holdings, Inc. (NASDAQ PYPL) traded up $0.36 during mid-day trading on Tuesday, reaching $74.39. The company had a trading volume of 2,116,220 shares, compared to its average volume of 7,608,000. PayPal Holdings, Inc. has a 12-month low of $38.06 and a 12-month high of $75.45. The stock has a market cap of $88,929.32, a price-to-earnings ratio of 52.85, a P/E/G ratio of 3.07 and a beta of 1.03.
PayPal Holdings (NASDAQ:PYPL) last posted 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 Holdings 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 in the prior year, the company earned $0.35 EPS. PayPal Holdings’s revenue was up 21.4% on a year-over-year basis. equities research analysts anticipate that PayPal Holdings, Inc. will post 1.37 EPS for the current fiscal year.
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PayPal Holdings 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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