Halsey Associates Inc. CT Has $14.99 Million Holdings in PayPal Holdings, Inc. (PYPL)

Halsey Associates Inc. CT reduced its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 8.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 234,136 shares of the credit services provider’s stock after selling 20,400 shares during the quarter. PayPal Holdings accounts for about 3.0% of Halsey Associates Inc. CT’s investment portfolio, making the stock its 11th biggest holding. Halsey Associates Inc. CT’s holdings in PayPal Holdings were worth $14,992,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in shares of PayPal Holdings by 36.1% during the 2nd quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock valued at $4,415,371,000 after acquiring an additional 21,814,940 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of PayPal Holdings by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 77,758,731 shares of the credit services provider’s stock valued at $4,173,311,000 after acquiring an additional 2,115,017 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of PayPal Holdings by 4.7% during the 2nd quarter. BlackRock Inc. now owns 62,938,949 shares of the credit services provider’s stock valued at $3,377,936,000 after acquiring an additional 2,835,027 shares during the last quarter. Fundsmith LLP boosted its holdings in shares of PayPal Holdings by 6.8% during the 2nd quarter. Fundsmith LLP now owns 14,051,261 shares of the credit services provider’s stock valued at $754,131,000 after acquiring an additional 889,976 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its holdings in shares of PayPal Holdings by 0.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 12,608,026 shares of the credit services provider’s stock valued at $676,673,000 after acquiring an additional 84,888 shares during the last quarter. Institutional investors and hedge funds own 82.77% of the company’s stock.

A number of analysts have recently issued reports on the stock. Citigroup Inc. reaffirmed a “buy” rating and set a $67.00 price target (up previously from $62.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Vetr raised shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $79.66 price target on the stock in a report on Monday. Monness Crespi & Hardt raised their price target on shares of PayPal Holdings from $80.00 to $88.00 and gave the company a “buy” rating in a report on Monday. Craig Hallum set a $93.00 price target on shares of PayPal Holdings and gave the company a “buy” rating in a report on Monday. Finally, Jefferies Group LLC reaffirmed an “outperform” rating on shares of PayPal Holdings in a report on Monday. Ten research analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $73.11.

Shares of PayPal Holdings, Inc. (NASDAQ PYPL) traded up $0.39 on Monday, hitting $76.77. 2,773,795 shares of the stock were exchanged, compared to its average volume of 7,638,588. The stock has a market capitalization of $91,801.88, a price-to-earnings ratio of 54.56, a P/E/G ratio of 3.31 and a beta of 1.03. PayPal Holdings, Inc. has a 1 year low of $38.06 and a 1 year high of $78.01.

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

Institutional Ownership by Quarter for PayPal Holdings (NASDAQ:PYPL)

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