State of Alaska Department of Revenue Has $8.88 Million Position in Paypal Holdings Inc (PYPL)

State of Alaska Department of Revenue lifted its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 820.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 120,702 shares of the credit services provider’s stock after buying an additional 107,586 shares during the quarter. State of Alaska Department of Revenue’s holdings in Paypal were worth $8,883,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PYPL. FMR LLC increased its holdings in Paypal by 36.1% in the 2nd quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock valued at $4,415,371,000 after acquiring an additional 21,814,940 shares during the last quarter. Vanguard Group Inc. increased its holdings in Paypal by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 77,758,731 shares of the credit services provider’s stock valued at $4,173,311,000 after acquiring an additional 2,115,017 shares during the last quarter. BlackRock Inc. increased its holdings in Paypal by 4.7% in the 2nd quarter. BlackRock Inc. now owns 62,938,949 shares of the credit services provider’s stock valued at $3,377,936,000 after acquiring an additional 2,835,027 shares during the last quarter. Fundsmith LLP increased its holdings in Paypal by 6.8% in the 2nd quarter. Fundsmith LLP now owns 14,051,261 shares of the credit services provider’s stock valued at $754,131,000 after acquiring an additional 889,976 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its holdings in Paypal by 0.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 12,608,026 shares of the credit services provider’s stock valued at $676,673,000 after acquiring an additional 84,888 shares during the last quarter. Institutional investors own 81.90% of the company’s stock.

A number of brokerages have issued reports on PYPL. Susquehanna Bancshares reiterated a “positive” rating and issued a $75.00 price target (up from $67.00) on shares of Paypal in a report on Friday, September 29th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $66.00 price target on shares of Paypal in a report on Wednesday, September 27th. Mizuho reiterated a “hold” rating and issued a $50.00 price target on shares of Paypal in a report on Sunday, October 15th. Jefferies Group lifted their price target on shares of Paypal from $86.00 to $95.00 and gave the company a “buy” rating in a report on Thursday. Finally, Robert W. Baird reiterated a “buy” rating and issued a $65.00 price target on shares of Paypal in a report on Friday, September 29th. Ten investment analysts have rated the stock with a hold rating, thirty-three have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $76.55.

Paypal Holdings Inc (NASDAQ PYPL) opened at $83.84 on Friday. The company has a market cap of $101,860.00 and a PE ratio of 65.50. Paypal Holdings Inc has a fifty-two week low of $39.02 and a fifty-two week high of $84.19.

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

In other news, Director Rodney C. Adkins purchased 6,750 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were bought at an average cost of $74.04 per share, for a total transaction of $499,770.00. Following the acquisition, the director now owns 10,149 shares of the company’s stock, valued at approximately $751,431.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.00% of the company’s stock.

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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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