Crossmark Global Holdings Inc. purchased a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 232,712 shares of the credit services provider’s stock, valued at approximately $14,901,000.

Several other large investors also recently modified their holdings of the company. Guardian Life Insurance Co. of America raised its holdings in shares of PayPal Holdings by 0.9% in the 1st quarter. Guardian Life Insurance Co. of America now owns 4,338 shares of the credit services provider’s stock worth $187,000 after purchasing an additional 38 shares in the last quarter. Apriem Advisors raised its holdings in shares of PayPal Holdings by 0.6% in the 2nd quarter. Apriem Advisors now owns 8,398 shares of the credit services provider’s stock worth $451,000 after purchasing an additional 52 shares in the last quarter. Westside Investment Management Inc. raised its holdings in shares of PayPal Holdings by 0.4% in the 2nd quarter. Westside Investment Management Inc. now owns 13,849 shares of the credit services provider’s stock worth $761,000 after purchasing an additional 60 shares in the last quarter. Sigma Planning Corp raised its holdings in shares of PayPal Holdings by 0.4% in the 2nd quarter. Sigma Planning Corp now owns 16,819 shares of the credit services provider’s stock worth $903,000 after purchasing an additional 74 shares in the last quarter. Finally, Train Babcock Advisors LLC raised its holdings in shares of PayPal Holdings by 1.6% in the 2nd quarter. Train Babcock Advisors LLC now owns 5,440 shares of the credit services provider’s stock worth $292,000 after purchasing an additional 86 shares in the last quarter. 82.35% of the stock is owned by institutional investors.

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A number of research firms recently commented on PYPL. Vetr upgraded shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $55.01 target price on the stock in a report on Tuesday, July 4th. Oppenheimer Holdings, Inc. boosted their target price on shares of PayPal Holdings from $50.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, July 27th. Wells Fargo & Company boosted their target price on shares of PayPal Holdings from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Friday, October 20th. Cowen and Company reiterated a “market perform” rating and issued a $52.00 target price (up from $48.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $52.00 target price on shares of PayPal Holdings in a report on Wednesday, July 5th. Nine equities research analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the company. PayPal Holdings has a consensus rating of “Buy” and an average target price of $69.77.

PayPal Holdings, Inc. (PYPL) traded up 1.14% during mid-day trading on Tuesday, hitting $71.96. 2,247,117 shares of the company traded hands. The stock has a market capitalization of $86.52 billion, a price-to-earnings ratio of 58.03 and a beta of 0.98. PayPal Holdings, Inc. has a one year low of $38.06 and a one year high of $72.25. The company’s 50-day moving average is $66.02 and its 200-day moving average is $65.89.

PayPal Holdings (NASDAQ:PYPL) last issued its earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.03. The business had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.18 billion. PayPal Holdings had a net margin of 12.69% and a return on equity of 11.33%. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.35 earnings per share. Analysts predict that PayPal Holdings, Inc. will post $1.87 EPS for the current year.

In related news, Director John J. Donahoe sold 170,000 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $58.18, for a total transaction of $9,890,600.00. Following the transaction, the director now directly owns 124,516 shares in the company, valued at $7,244,340.88. The sale was disclosed in a filing with the SEC, which is available through this link. 6.00% of the stock is currently owned by insiders.

About PayPal Holdings

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 Holdings (NASDAQ:PYPL)

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