Caxton Associates LP Takes Position in Paypal Holdings Inc (PYPL)

Caxton Associates LP acquired a new position in shares of Paypal Holdings Inc (NASDAQ:PYPL) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 40,000 shares of the credit services provider’s stock, valued at approximately $2,561,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC lifted its stake in shares of Paypal by 36.1% in the second quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock worth $4,415,371,000 after acquiring an additional 21,814,940 shares in the last quarter. Jennison Associates LLC acquired a new position in shares of Paypal in the third quarter worth about $481,937,000. Harding Loevner LP lifted its stake in shares of Paypal by 86.1% in the third quarter. Harding Loevner LP now owns 11,353,818 shares of the credit services provider’s stock worth $381,030,000 after acquiring an additional 5,253,746 shares in the last quarter. Capital World Investors lifted its stake in shares of Paypal by 313.5% in the second quarter. Capital World Investors now owns 6,151,049 shares of the credit services provider’s stock worth $330,127,000 after acquiring an additional 4,663,337 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of Paypal by 1,064.7% in the second quarter. Janus Henderson Group PLC now owns 4,861,493 shares of the credit services provider’s stock worth $260,921,000 after acquiring an additional 4,444,097 shares in the last quarter. Institutional investors own 80.81% of the company’s stock.

Several research analysts recently commented on the company. Stifel Nicolaus boosted their price target on Paypal from $61.00 to $70.00 and gave the stock a “hold” rating in a research note on Sunday, October 22nd. Zacks Investment Research raised Paypal from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Thursday, October 26th. Vetr lowered Paypal from a “strong-buy” rating to a “buy” rating and set a $80.71 price objective for the company. in a report on Wednesday. BTIG Research reissued a “buy” rating and issued a $70.00 price objective (up from $63.00) on shares of Paypal in a report on Wednesday, September 6th. Finally, Mizuho reissued a “hold” rating and issued a $50.00 price objective on shares of Paypal in a report on Sunday, October 15th. Ten analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the stock. Paypal has a consensus rating of “Buy” and an average price target of $73.25.

Paypal Holdings Inc (NASDAQ PYPL) opened at $72.91 on Friday. Paypal Holdings Inc has a fifty-two week low of $39.02 and a fifty-two week high of $79.39. The stock has a market capitalization of $87,630.00 and a P/E ratio of 52.64.

Paypal (NASDAQ:PYPL) last issued its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. Paypal had a return on equity of 11.33% and a net margin of 12.69%. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.18 billion. During the same period in the prior year, the company posted $0.35 EPS. The business’s revenue for the quarter was up 21.4% compared to the same quarter last year. sell-side analysts anticipate that Paypal Holdings Inc will post 1.37 EPS for the current year.

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Paypal Company 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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