PayPal (PYPL) Shares Bought by ING Groep NV

ING Groep NV increased its holdings in shares of PayPal (NASDAQ:PYPL) by 790.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 280,411 shares of the credit services provider’s stock after buying an additional 248,922 shares during the quarter. ING Groep NV’s holdings in PayPal were worth $21,275,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Cigna Investments Inc. New raised its stake in shares of PayPal by 1.4% in the 4th quarter. Cigna Investments Inc. New now owns 47,106 shares of the credit services provider’s stock valued at $3,468,000 after purchasing an additional 641 shares during the period. Waldron LP raised its stake in shares of PayPal by 16.9% in the 4th quarter. Waldron LP now owns 4,467 shares of the credit services provider’s stock valued at $328,000 after purchasing an additional 646 shares during the period. Comerica Securities Inc. raised its stake in shares of PayPal by 3.7% in the 1st quarter. Comerica Securities Inc. now owns 18,987 shares of the credit services provider’s stock valued at $1,441,000 after purchasing an additional 673 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of PayPal by 13.8% in the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,760 shares of the credit services provider’s stock valued at $424,000 after purchasing an additional 700 shares during the period. Finally, Bfsg LLC raised its stake in shares of PayPal by 19.2% in the 4th quarter. Bfsg LLC now owns 4,479 shares of the credit services provider’s stock valued at $330,000 after purchasing an additional 722 shares during the period. 80.88% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director David M. Moffett sold 3,808 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $77.86, for a total transaction of $296,490.88. Following the completion of the sale, the director now owns 66,320 shares in the company, valued at $5,163,675.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO William J. Ready sold 72,000 shares of the business’s stock in a transaction that occurred on Friday, April 27th. The stock was sold at an average price of $75.32, for a total value of $5,423,040.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 219,773 shares of company stock valued at $16,777,061. Corporate insiders own 0.20% of the company’s stock.

PYPL has been the topic of several recent research reports. Vetr raised PayPal from a “hold” rating to a “buy” rating and set a $86.65 price target on the stock in a research note on Thursday, February 1st. Citigroup reissued a “buy” rating and issued a $90.00 price target on shares of PayPal in a research note on Thursday, February 1st. Cantor Fitzgerald reissued a “buy” rating and issued a $85.00 price target on shares of PayPal in a research note on Thursday, February 1st. Guggenheim reissued a “buy” rating on shares of PayPal in a research note on Thursday, February 1st. Finally, BMO Capital Markets lifted their price target on PayPal from $85.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirty-four have given a buy rating to the stock. PayPal currently has a consensus rating of “Buy” and an average target price of $80.91.

Shares of NASDAQ:PYPL opened at $78.81 on Tuesday. PayPal has a 12-month low of $78.45 and a 12-month high of $79.63. The company has a market cap of $94.04 billion, a PE ratio of 56.70, a PEG ratio of 2.62 and a beta of 1.28.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, April 25th. The credit services provider reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. PayPal had a return on equity of 12.35% and a net margin of 13.92%. The company had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter in the previous year, the company posted $0.44 earnings per share. The business’s revenue was up 23.9% on a year-over-year basis. equities research analysts expect that PayPal will post 1.71 EPS for the current year.

PayPal Company Profile

PayPal Holdings, Inc operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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