State of Wisconsin Investment Board decreased its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 14.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,542,009 shares of the credit services provider’s stock after selling 263,801 shares during the quarter. State of Wisconsin Investment Board’s holdings in Paypal were worth $113,523,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in PYPL. Jennison Associates LLC raised its holdings in Paypal by 117.3% during the 4th quarter. Jennison Associates LLC now owns 16,354,298 shares of the credit services provider’s stock worth $1,204,003,000 after purchasing an additional 8,827,558 shares during the last quarter. Harding Loevner LP raised its holdings in Paypal by 86.1% during the 3rd quarter. Harding Loevner LP now owns 11,353,818 shares of the credit services provider’s stock worth $381,030,000 after purchasing an additional 5,253,746 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its holdings in Paypal by 171.4% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 4,877,006 shares of the credit services provider’s stock worth $312,274,000 after purchasing an additional 3,080,163 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Paypal by 25.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 10,973,668 shares of the credit services provider’s stock worth $702,644,000 after buying an additional 2,234,157 shares during the period. Finally, Swedbank acquired a new stake in shares of Paypal during the 3rd quarter worth approximately $112,201,000. Hedge funds and other institutional investors own 82.48% of the company’s stock.
In related news, VP Aaron Anderson sold 9,367 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $77.84, for a total value of $729,127.28. Following the sale, the vice president now directly owns 18,480 shares in the company, valued at approximately $1,438,483.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Adele Louise Pentland sold 6,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $78.11, for a total value of $468,660.00. Following the completion of the sale, the executive vice president now owns 46,045 shares in the company, valued at $3,596,574.95. The disclosure for this sale can be found here. Insiders sold a total of 126,344 shares of company stock worth $9,818,481 over the last 90 days. 6.00% of the stock is currently owned by company insiders.
PYPL has been the subject of several recent analyst reports. Argus raised their price objective on shares of Paypal from $80.00 to $87.00 and gave the stock a “buy” rating in a research report on Friday, November 17th. Citigroup reaffirmed a “buy” rating and set a $87.00 price objective on shares of Paypal in a research report on Friday, November 17th. Vetr raised shares of Paypal from a “hold” rating to a “buy” rating and set a $73.32 price objective for the company in a research report on Tuesday, October 24th. Zacks Investment Research raised shares of Paypal from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Thursday, October 26th. Finally, Deutsche Bank raised their price objective on shares of Paypal to $88.00 and gave the stock a “buy” rating in a research report on Friday, November 17th. Nine research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $76.97.
Shares of Paypal Holdings Inc (NASDAQ PYPL) opened at $78.37 on Monday. Paypal Holdings Inc has a 52 week low of $41.74 and a 52 week high of $86.32. The stock has a market capitalization of $94,056.55, a PE ratio of 53.68, a P/E/G ratio of 2.51 and a beta of 1.18.
Paypal (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. Paypal had a return on equity of 11.59% and a net margin of 13.71%. The business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same period in the previous year, the business posted $0.42 EPS. The firm’s quarterly revenue was up 25.6% compared to the same quarter last year. equities analysts forecast that Paypal Holdings Inc will post 1.75 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.
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