Analyst IMS Investment Management Services Ltd. Has $1.23 Million Stake in Paypal Holdings Inc (PYPL)
Analyst IMS Investment Management Services Ltd. decreased its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 17.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,230 shares of the credit services provider’s stock after selling 4,050 shares during the quarter. Analyst IMS Investment Management Services Ltd.’s holdings in Paypal were worth $1,229,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. KCG Holdings Inc. purchased a new position in shares of Paypal in the 1st quarter worth $211,000. Simonbaker & Partners LLC purchased a new position in shares of Paypal in the 1st quarter worth $202,000. Westwood Holdings Group Inc. raised its position in shares of Paypal by 14.4% in the 1st quarter. Westwood Holdings Group Inc. now owns 2,184,265 shares of the credit services provider’s stock worth $93,967,000 after buying an additional 275,691 shares during the period. Flagship Harbor Advisors LLC raised its position in shares of Paypal by 0.8% in the 1st quarter. Flagship Harbor Advisors LLC now owns 12,292 shares of the credit services provider’s stock worth $522,000 after buying an additional 100 shares during the period. Finally, Gareth Morgan Investments Limited Partnership purchased a new position in shares of Paypal in the 1st quarter worth $9,250,000. Institutional investors and hedge funds own 81.25% of the company’s stock.
Several research analysts recently weighed in on the company. Barclays reaffirmed a “buy” rating on shares of Paypal in a research report on Tuesday, November 21st. Canaccord Genuity reaffirmed a “hold” rating and issued a $66.00 target price on shares of Paypal in a research report on Thursday, November 16th. Robert W. Baird raised their price objective on Paypal from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, November 16th. Vetr lowered Paypal from a “buy” rating to a “hold” rating and set a $78.63 price objective on the stock. in a research report on Friday, November 17th. Finally, KeyCorp reissued an “overweight” rating and issued a $85.00 price objective (up from $80.00) on shares of Paypal in a research report on Friday, November 17th. Ten analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $73.12.
Paypal Holdings Inc (NASDAQ:PYPL) opened at $73.25 on Thursday. The company has a market capitalization of $93,496.59, a PE ratio of 55.56, a P/E/G ratio of 3.19 and a beta of 1.03. Paypal Holdings Inc has a 52 week low of $38.06 and a 52 week high of $79.39.
Paypal (NASDAQ:PYPL) last posted its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.03. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.18 billion. Paypal had a return on equity of 11.33% and a net margin of 12.69%. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period last year, the firm earned $0.35 earnings per share. research analysts expect that Paypal Holdings Inc will post 1.37 EPS for the current fiscal year.
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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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