OLD National Bancorp IN Trims Stake in Paypal Holdings Inc (PYPL)

OLD National Bancorp IN cut its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 187,446 shares of the credit services provider’s stock after selling 11,605 shares during the quarter. OLD National Bancorp IN’s holdings in Paypal were worth $13,800,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of PYPL. Jennison Associates LLC increased its position in shares of Paypal by 117.3% during the fourth quarter. Jennison Associates LLC now owns 16,354,298 shares of the credit services provider’s stock worth $1,204,003,000 after acquiring an additional 8,827,558 shares during the period. Harding Loevner LP boosted its stake in shares of Paypal by 86.1% during the third quarter. Harding Loevner LP now owns 11,353,818 shares of the credit services provider’s stock valued at $381,030,000 after purchasing an additional 5,253,746 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in shares of Paypal by 171.4% during the third quarter. Amundi Pioneer Asset Management Inc. now owns 4,877,006 shares of the credit services provider’s stock valued at $312,274,000 after purchasing an additional 3,080,163 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Paypal by 25.6% during the third quarter. Bank of New York Mellon Corp now owns 10,973,668 shares of the credit services provider’s stock valued at $702,644,000 after purchasing an additional 2,234,157 shares in the last quarter. Finally, Swedbank bought a new position in shares of Paypal during the third quarter valued at approximately $112,201,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

In other news, COO William J. Ready sold 60,000 shares of Paypal stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $77.68, for a total transaction of $4,660,800.00. Following the completion of the sale, the chief operating officer now directly owns 95,944 shares in the company, valued at $7,452,929.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Rodney C. Adkins acquired 6,750 shares of the stock in a transaction dated Friday, December 8th. The shares were bought at an average price of $74.04 per share, with a total value of $499,770.00. Following the completion of the purchase, the director now directly owns 10,149 shares of the company’s stock, valued at approximately $751,431.96. The disclosure for this purchase can be found here. Insiders have sold 126,344 shares of company stock valued at $9,818,481 over the last quarter. Insiders own 6.00% of the company’s stock.

Shares of Paypal Holdings Inc (PYPL) opened at $75.28 on Tuesday. Paypal Holdings Inc has a one year low of $40.74 and a one year high of $86.32. The company has a market cap of $89,711.96, a price-to-earnings ratio of 51.20, a PEG ratio of 2.39 and a beta of 1.18.

Paypal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. Paypal had a net margin of 13.71% and a return on equity of 11.59%. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the previous year, the firm posted $0.42 earnings per share. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. research analysts expect that Paypal Holdings Inc will post 1.75 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on PYPL shares. Nomura increased their price objective on shares of Paypal from $68.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, October 16th. Monness Crespi & Hardt increased their price objective on shares of Paypal from $73.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, October 20th. BTIG Research increased their price objective on shares of Paypal from $70.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, October 20th. Cantor Fitzgerald reiterated a “buy” rating and set a $79.00 price objective on shares of Paypal in a research note on Friday, October 20th. Finally, Citigroup increased their price objective on shares of Paypal from $67.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. Nine research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $77.04.

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Paypal 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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