Shelton Capital Management lifted its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 103,253 shares of the credit services provider’s stock after purchasing an additional 1,205 shares during the quarter. Shelton Capital Management’s holdings in Paypal were worth $6,611,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC bought a new position in Paypal in the third quarter valued at about $735,000. Visionary Asset Management Inc. bought a new stake in Paypal in the third quarter worth approximately $214,000. Cambridge Financial Group Inc. bought a new stake in Paypal in the third quarter worth approximately $7,005,000. Atlantic Trust LLC increased its holdings in Paypal by 16.0% in the third quarter. Atlantic Trust LLC now owns 37,411 shares of the credit services provider’s stock worth $2,395,000 after purchasing an additional 5,151 shares in the last quarter. Finally, Salem Investment Counselors Inc. increased its holdings in Paypal by 69.4% in the third quarter. Salem Investment Counselors Inc. now owns 48,796 shares of the credit services provider’s stock worth $3,143,000 after purchasing an additional 19,991 shares in the last quarter. 80.81% of the stock is currently owned by institutional investors.

A number of equities research analysts have commented on the company. Susquehanna Bancshares reissued a “positive” rating and issued a $75.00 price objective (up previously from $67.00) on shares of Paypal in a research note on Friday, September 29th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $66.00 target price on shares of Paypal in a research report on Wednesday, September 27th. Mizuho reiterated a “hold” rating and set a $50.00 price target on shares of Paypal in a report on Sunday, October 15th. BMO Capital Markets boosted their target price on Paypal from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Robert W. Baird restated a “buy” rating and issued a $65.00 target price on shares of Paypal in a research note on Friday, September 29th. Ten 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. The stock currently has a consensus rating of “Buy” and a consensus target price of $73.53.

In related news, Director Rodney C. Adkins purchased 6,750 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were bought at an average price of $74.04 per share, for a total transaction of $499,770.00. Following the purchase, the director now directly owns 10,149 shares of the company’s stock, valued at approximately $751,431.96. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 6.00% of the company’s stock.

Paypal Holdings Inc (NASDAQ:PYPL) opened at $74.26 on Friday. The stock has a market capitalization of $89,049.51, a P/E ratio of 52.92, a PEG ratio of 3.04 and a beta of 1.03. Paypal Holdings Inc has a 52-week low of $39.02 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 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.03. The company had revenue of $3.24 billion for 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 firm’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.35 EPS. equities analysts anticipate that Paypal Holdings Inc will post 1.37 earnings per share for the current 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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