New England Research & Management Inc. cut its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 4.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,371 shares of the credit services provider’s stock after selling 800 shares during the quarter. New England Research & Management Inc.’s holdings in Paypal were worth $1,352,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. San Francisco Sentry Investment Group CA grew its stake in shares of Paypal by 352.8% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock worth $100,000 after acquiring an additional 1,217 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Paypal during the 3rd quarter worth $113,000. Kistler Tiffany Companies LLC grew its stake in shares of Paypal by 511.9% during the 3rd quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock worth $129,000 after acquiring an additional 1,684 shares during the period. Thompson Davis & CO. Inc. grew its stake in shares of Paypal by 294.3% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 2,421 shares of the credit services provider’s stock worth $155,000 after acquiring an additional 1,807 shares during the period. Finally, Valeo Financial Advisors LLC bought a new position in shares of Paypal during the 3rd quarter worth $172,000. 80.73% of the stock is owned by hedge funds and other institutional investors.

PYPL has been the subject of several research reports. Credit Suisse Group reiterated an “outperform” rating and set a $85.00 price target (up previously from $74.00) on shares of Paypal in a research note on Friday, November 17th. Barclays increased their price target on Paypal from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, October 20th. Citigroup restated a “buy” rating and issued a $87.00 target price on shares of Paypal in a research note on Friday, November 17th. Zacks Investment Research downgraded Paypal from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, Argus raised their target price on Paypal from $80.00 to $87.00 and gave the stock a “buy” rating in a research note on Friday, November 17th. Ten analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $75.47.

Shares of Paypal Holdings Inc (PYPL) traded up $0.60 on Tuesday, hitting $79.65. The stock had a trading volume of 5,603,441 shares, compared to its average volume of 9,135,101. The company has a market cap of $95,470.00 and a P/E ratio of 62.23. Paypal Holdings Inc has a 12-month low of $39.02 and a 12-month high of $79.39.

Paypal (NASDAQ:PYPL) last issued its quarterly 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. The firm 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% on a year-over-year basis. During the same quarter last year, the company posted $0.35 EPS. sell-side analysts forecast that Paypal Holdings Inc will post 1.37 earnings per share for the current fiscal year.

In other news, Director Rodney C. Adkins acquired 6,750 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were bought at an average cost of $74.04 per share, with a total value of $499,770.00. Following the acquisition, the director now owns 10,149 shares in the company, valued at approximately $751,431.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.00% of the company’s stock.

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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.

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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