Flossbach Von Storch AG Reduces Position in PayPal Holdings, Inc. (PYPL)

Flossbach Von Storch AG decreased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 52.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 470,895 shares of the credit services provider’s stock after selling 517,015 shares during the quarter. Flossbach Von Storch AG’s holdings in PayPal Holdings were worth $30,151,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Apriem Advisors increased its stake in PayPal Holdings 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 buying an additional 52 shares during the period. Westside Investment Management Inc. increased its holdings in shares of PayPal Holdings by 0.4% during the 2nd quarter. Westside Investment Management Inc. now owns 13,849 shares of the credit services provider’s stock valued at $761,000 after purchasing an additional 60 shares in the last quarter. Sigma Planning Corp increased its holdings in shares of PayPal Holdings by 0.4% during the 2nd quarter. Sigma Planning Corp now owns 16,819 shares of the credit services provider’s stock valued at $903,000 after purchasing an additional 74 shares in the last quarter. Train Babcock Advisors LLC increased its holdings in shares of PayPal Holdings by 1.6% during the 2nd quarter. Train Babcock Advisors LLC now owns 5,440 shares of the credit services provider’s stock valued at $292,000 after purchasing an additional 86 shares in the last quarter. Finally, Calamos Wealth Management LLC increased its holdings in shares of PayPal Holdings by 0.3% during the 2nd quarter. Calamos Wealth Management LLC now owns 38,860 shares of the credit services provider’s stock valued at $2,086,000 after purchasing an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 82.77% of the company’s stock.

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Several equities analysts have recently weighed in on PYPL shares. Deutsche Bank AG lifted their target price on shares of PayPal Holdings from $61.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, July 27th. Nomura lifted their target price on shares of PayPal Holdings from $57.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, July 27th. Oppenheimer Holdings, Inc. lifted their target price on shares of PayPal Holdings from $50.00 to $65.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. Monness Crespi & Hardt boosted their price target on shares of PayPal Holdings from $70.00 to $73.00 and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, J P Morgan Chase & Co reissued an “overweight” rating and issued a $59.00 price target on shares of PayPal Holdings in a report on Thursday, July 27th. Ten research analysts have rated the stock with a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $73.11.

PayPal Holdings, Inc. (NASDAQ:PYPL) opened at $77.57 on Friday. The firm has a market cap of $93,232.16, a PE ratio of 55.41, a PEG ratio of 3.18 and a beta of 1.03. PayPal Holdings, Inc. has a 1 year low of $38.06 and a 1 year high of $78.43.

PayPal Holdings (NASDAQ:PYPL) last announced its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.03. The firm had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.18 billion. PayPal Holdings had a net margin of 12.69% and a return on equity of 11.33%. The company’s revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS. research analysts anticipate that PayPal Holdings, Inc. will post 1.37 earnings per share for the current year.

About PayPal Holdings

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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