Paypal Holdings Inc (PYPL) Shares Sold by Synovus Financial Corp

Synovus Financial Corp lowered its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 12.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,561 shares of the credit services provider’s stock after selling 3,259 shares during the period. Synovus Financial Corp’s holdings in Paypal were worth $1,509,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Apriem Advisors lifted its holdings in shares of Paypal by 0.6% in the second quarter. Apriem Advisors now owns 8,398 shares of the credit services provider’s stock valued at $451,000 after purchasing an additional 52 shares in the last quarter. Westside Investment Management Inc. lifted its holdings in shares of Paypal by 0.4% in the second quarter. Westside Investment Management Inc. now owns 13,849 shares of the credit services provider’s stock valued at $761,000 after purchasing an additional 60 shares in the last quarter. Sigma Planning Corp lifted its holdings in shares of Paypal by 0.4% in the second quarter. Sigma Planning Corp now owns 16,819 shares of the credit services provider’s stock valued at $903,000 after purchasing an additional 74 shares in the last quarter. Train Babcock Advisors LLC lifted its holdings in shares of Paypal by 1.6% in the second quarter. Train Babcock Advisors LLC now owns 5,440 shares of the credit services provider’s stock valued at $292,000 after purchasing an additional 86 shares in the last quarter. Finally, Calamos Wealth Management LLC lifted its holdings in shares of Paypal by 0.3% in the second quarter. Calamos Wealth Management LLC now owns 38,860 shares of the credit services provider’s stock valued at $2,086,000 after purchasing an additional 98 shares in the last quarter. 80.81% of the stock is currently owned by hedge funds and other institutional investors.

PYPL has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $65.00 price target on shares of Paypal in a report on Tuesday, August 29th. Vetr raised shares of Paypal from a “hold” rating to a “buy” rating and set a $60.76 price target on the stock in a report on Thursday, August 10th. KeyCorp reaffirmed a “buy” rating and issued a $70.00 price target (up previously from $66.00) on shares of Paypal in a report on Monday, September 18th. BTIG Research reaffirmed a “buy” rating and issued a $70.00 price target (up previously from $63.00) on shares of Paypal in a report on Wednesday, September 6th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $61.27 price target (down previously from $70.00) on shares of Paypal in a report on Wednesday, September 6th. Ten equities 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. The company has an average rating of “Buy” and an average target price of $73.25.

Paypal Holdings Inc (PYPL) opened at $73.14 on Thursday. Paypal Holdings Inc has a 52-week low of $38.80 and a 52-week high of $79.39. The company has a market cap of $85,575.99, a P/E ratio of 50.86, a P/E/G ratio of 2.92 and a beta of 1.03.

Paypal (NASDAQ:PYPL) last issued its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $3.18 billion. During the same quarter in the prior year, the business posted $0.35 earnings per share. Paypal’s revenue for the quarter was up 21.4% compared to the same quarter last year. research analysts predict that Paypal Holdings Inc will post 1.37 earnings per share for the current fiscal year.

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Paypal 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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