Chesley Taft & Associates LLC boosted its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 247.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,350 shares of the credit services provider’s stock after acquiring an additional 17,350 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Paypal were worth $1,793,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fundsmith LLP grew its stake in Paypal by 6.8% during the second quarter. Fundsmith LLP now owns 14,051,261 shares of the credit services provider’s stock worth $754,131,000 after buying an additional 889,976 shares in the last quarter. AXA grew its stake in Paypal by 68.4% during the third quarter. AXA now owns 382,248 shares of the credit services provider’s stock worth $24,475,000 after buying an additional 155,268 shares in the last quarter. Mn Services Vermogensbeheer B.V. grew its stake in Paypal by 0.7% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 188,272 shares of the credit services provider’s stock worth $12,055,000 after buying an additional 1,400 shares in the last quarter. Rhumbline Advisers grew its stake in Paypal by 1.2% during the third quarter. Rhumbline Advisers now owns 1,871,868 shares of the credit services provider’s stock worth $119,856,000 after buying an additional 21,337 shares in the last quarter. Finally, Wealthfront Inc. grew its stake in Paypal by 19.2% during the second quarter. Wealthfront Inc. now owns 42,458 shares of the credit services provider’s stock worth $2,279,000 after buying an additional 6,829 shares in the last quarter. 81.90% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Rodney C. Adkins acquired 6,750 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were acquired at an average cost of $74.04 per share, for a total transaction of $499,770.00. Following the purchase, the director now owns 10,149 shares of the company’s stock, valued at approximately $751,431.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 6.00% of the company’s stock.
PYPL has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Paypal from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Sanford C. Bernstein restated an “outperform” rating and issued a $66.00 price target on shares of Paypal in a research note on Wednesday, September 27th. Susquehanna Bancshares restated a “positive” rating and issued a $75.00 price target (up from $67.00) on shares of Paypal in a research note on Friday, September 29th. Robert W. Baird restated a “buy” rating and issued a $65.00 price target on shares of Paypal in a research note on Friday, September 29th. Finally, Buckingham Research assumed coverage on shares of Paypal in a report on Monday, October 2nd. They issued a “buy” rating and a $74.00 price objective for the company. Ten equities research analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $76.55.
Shares of Paypal Holdings Inc (PYPL) opened at $82.47 on Thursday. Paypal Holdings Inc has a 52 week low of $39.02 and a 52 week high of $82.61. The company has a market capitalization of $99,120.00 and a price-to-earnings ratio of 64.43.
Paypal (NASDAQ:PYPL) last announced its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $3.18 billion. During the same period in the previous year, the business posted $0.35 EPS. The firm’s quarterly revenue was up 21.4% compared to the same quarter last year. equities analysts expect that Paypal Holdings Inc will post 1.37 EPS for the current year.
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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.
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