Trustcore Financial Services LLC grew its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 71.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,069 shares of the credit services provider’s stock after purchasing an additional 1,275 shares during the quarter. Trustcore Financial Services LLC’s holdings in Paypal were worth $270,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. B & T Capital Management DBA Alpha Capital Management raised its position in shares of Paypal by 4.2% in the 3rd quarter. B & T Capital Management DBA Alpha Capital Management now owns 17,303 shares of the credit services provider’s stock worth $1,520,000 after buying an additional 701 shares during the period. Hartline Investment Corp raised its position in shares of Paypal by 146.8% in the 3rd quarter. Hartline Investment Corp now owns 32,941 shares of the credit services provider’s stock worth $2,894,000 after buying an additional 19,595 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Paypal by 11.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 720,500 shares of the credit services provider’s stock worth $63,286,000 after buying an additional 73,657 shares during the period. Bank of New York Mellon Corp raised its position in shares of Paypal by 1.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 10,475,292 shares of the credit services provider’s stock worth $920,150,000 after buying an additional 164,713 shares during the period. Finally, Sumitomo Mitsui Financial Group Inc. raised its position in shares of Paypal by 754.5% in the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 30,531 shares of the credit services provider’s stock worth $2,717,000 after buying an additional 26,958 shares during the period. 81.17% of the stock is currently owned by institutional investors.

NASDAQ:PYPL opened at $77.76 on Wednesday. Paypal Holdings Inc has a 12 month low of $68.61 and a 12 month high of $93.70. The stock has a market capitalization of $94.42 billion, a price-to-earnings ratio of 55.94, a P/E/G ratio of 2.45 and a beta of 1.23.

Paypal (NASDAQ:PYPL) last announced its earnings results on Thursday, October 18th. The credit services provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.04. The company had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.66 billion. Paypal had a return on equity of 13.60% and a net margin of 13.98%. The company’s revenue was up 13.7% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share. As a group, equities research analysts anticipate that Paypal Holdings Inc will post 1.79 EPS for the current fiscal year.

Several research analysts recently weighed in on PYPL shares. BidaskClub lowered Paypal from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 28th. Stephens reaffirmed a “buy” rating and issued a $95.00 target price on shares of Paypal in a research report on Friday, July 27th. Stifel Nicolaus increased their target price on Paypal from $99.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, July 26th. Craig Hallum increased their target price on Paypal from $93.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, July 26th. Finally, Zacks Investment Research raised Paypal from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Tuesday, July 24th. Seven investment analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. Paypal presently has an average rating of “Buy” and a consensus target price of $94.96.

In other news, insider Gary J. Marino sold 1,009 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $85.90, for a total transaction of $86,673.10. Following the completion of the sale, the insider now directly owns 41,309 shares in the company, valued at $3,548,443.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel H. Schulman sold 26,000 shares of the firm’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $92.43, for a total value of $2,403,180.00. Following the sale, the insider now owns 323,316 shares of the company’s stock, valued at $29,884,097.88. The disclosure for this sale can be found here. Insiders have sold 407,213 shares of company stock valued at $34,392,948 over the last 90 days. Insiders own 0.20% of the company’s stock.

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Paypal Company Profile

PayPal Holdings, Inc operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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