"Professional Advisory Services Inc." raised its position in shares of "Paypal Holdings Inc." by 0.0% during the third quarter. The institutional investor owned 384,935 shares of the company's stock after buying an additional 15 shares during the period. Paypal Holdings accounts for about 3.6% of Professional Advisory Services Inc.'s investment portfolio, making the stock its 11th largest position. Professional Advisory Services Inc.'s holdings in Paypal Holdings were worth $15,771,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of PYPL. "American Research & Management Co." boosted its position in shares of Paypal Holdings by 380.0% in the third quarter. American Research & Management Co. now owns 12,480 shares of the company's stock valued at $511,000 after buying an additional 9,880 shares in the last quarter. "Parsec Financial Management Inc." raised its stake in shares of Paypal Holdings by 2.2% in the third quarter.
Shares of "Paypal Holdings Inc." traded down 0.68% during midday trading on Monday, hitting $39.38. The company had a trading volume of 2,673,968 shares. Paypal Holdings Inc. has a 12 month low of $30.52 and a 12 month high of $44.52. The company has a 50-day moving average of $40.55 and a 200 day moving average of $38.85. The firm has a market capitalization of $46.47 billion, a PE ratio of 34.85 and a beta of 0.92.
The company earned $2.67 billion during the quarter, compared to analysts' expectations of $2.65 billion. "Paypal Holdings" had a return on equity of 10.67% and a net margin of 13.23%. The firm's quarterly revenue was up 18.1% compared to the same quarter last year.
"PayPal Holdings, Inc. (PayPal)" is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants across the world. The Company allows businesses of all sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions.
