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PayPal exceeded earnings expectations, as HBW Advisory Services increased their stake in the company.
HBW Advisory Services has increased its stake in PayPal by 2.4%, now owning 49,174 shares.
PayPal reported $1.20 earnings per share for the quarter, surpassing the expected $1.07.
Several other hedge funds also adjusted their stakes in PayPal, with institutional investors and hedge funds owning 68.32% of the company’s stock.
PayPal’s market cap stands at $83.83 billion, with a PE ratio of 19.96.
Analysts predict PayPal will post 4.57 earnings per share for the current fiscal year.
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PayPal superó las expectativas de ganancias, ya que HBW Advisory Services aumentó su participación en la compañía.