Cohen & Steers Inc. cut its holdings in Paypal Holdings Inc (NASDAQ:PYPL) by 25.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 183,179 shares of the credit services provider’s stock after selling 61,709 shares during the period. Cohen & Steers Inc.’s holdings in Paypal were worth $11,729,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. San Francisco Sentry Investment Group CA boosted its holdings in Paypal by 352.8% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock valued at $100,000 after purchasing an additional 1,217 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in Paypal in the 3rd quarter valued at $113,000. Kistler Tiffany Companies LLC boosted its holdings in Paypal by 511.9% in the 3rd quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock valued at $129,000 after purchasing an additional 1,684 shares during the period. Harvest Fund Management Co. Ltd boosted its holdings in Paypal by 171.4% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock valued at $154,000 after purchasing an additional 1,808 shares during the period. Finally, Thompson Davis & CO. Inc. boosted its holdings in Paypal by 294.3% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 2,421 shares of the credit services provider’s stock valued at $155,000 after purchasing an additional 1,807 shares during the period. 80.81% of the stock is owned by institutional investors.

Several research analysts have commented on PYPL shares. Royal Bank Of Canada reissued a “buy” rating and issued a $65.00 price target on shares of Paypal in a report on Tuesday, August 29th. Susquehanna Bancshares reissued a “positive” rating and issued a $67.00 price target on shares of Paypal in a report on Tuesday, August 29th. Credit Suisse Group reissued an “outperform” rating on shares of Paypal in a report on Tuesday, September 5th. Sanford C. Bernstein reissued an “outperform” rating and issued a $66.00 price target (up from $61.00) on shares of Paypal in a report on Tuesday, September 5th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $61.27 price objective (down from $70.00) on shares of Paypal in a report on Wednesday, September 6th. Ten research analysts have rated the stock with a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company. Paypal has an average rating of “Buy” and an average price target of $73.25.

Paypal Holdings Inc (NASDAQ PYPL) opened at $72.91 on Monday. Paypal Holdings Inc has a 52-week low of $39.02 and a 52-week high of $79.39. The stock has a market cap of $87,631.27, a PE ratio of 52.08, a price-to-earnings-growth ratio of 2.99 and a beta of 1.03.

Paypal (NASDAQ:PYPL) last released its quarterly earnings data 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 had a net margin of 12.69% and a return on equity of 11.33%. The firm had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.18 billion. During the same quarter in the previous year, the company earned $0.35 earnings per share. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year. analysts forecast that Paypal Holdings Inc will post 1.37 earnings per share for the current fiscal year.

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Paypal 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 (NASDAQ:PYPL)

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