Teacher Retirement System of Texas trimmed its position in shares of PayPal (NASDAQ:PYPL) by 14.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 266,319 shares of the credit services provider’s stock after selling 46,471 shares during the period. Teacher Retirement System of Texas’ holdings in PayPal were worth $20,206,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of PYPL. Buckingham Capital Management Inc. grew its stake in shares of PayPal by 7.4% in the 3rd quarter. Buckingham Capital Management Inc. now owns 47,362 shares of the credit services provider’s stock valued at $3,033,000 after purchasing an additional 3,268 shares during the period. Creative Planning grew its stake in shares of PayPal by 22.6% in the 4th quarter. Creative Planning now owns 53,222 shares of the credit services provider’s stock valued at $3,918,000 after purchasing an additional 9,827 shares during the period. Koshinski Asset Management Inc. bought a new stake in shares of PayPal in the 4th quarter valued at approximately $507,000. Schwab Charles Investment Management Inc. grew its stake in shares of PayPal by 3.8% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,804,671 shares of the credit services provider’s stock valued at $280,100,000 after purchasing an additional 139,758 shares during the period. Finally, Fox Run Management L.L.C. bought a new stake in shares of PayPal in the 4th quarter valued at approximately $282,000. Hedge funds and other institutional investors own 80.88% of the company’s stock.
PayPal opened at $80.79 on Friday, Marketbeat.com reports. PayPal has a 52-week low of $49.06 and a 52-week high of $86.32. The firm has a market cap of $95.93 billion, a price-to-earnings ratio of 52.12, a PEG ratio of 2.67 and a beta of 1.28.
PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, April 25th. The credit services provider reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.03. PayPal had a return on equity of 12.35% and a net margin of 13.92%. The firm had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the prior year, the business earned $0.44 EPS. The business’s revenue for the quarter was up 23.9% compared to the same quarter last year. equities analysts expect that PayPal will post 1.71 earnings per share for the current year.
Several equities research analysts have recently weighed in on PYPL shares. Sanford C. Bernstein started coverage on PayPal in a research note on Tuesday, March 27th. They issued a “market perform” rating and a $82.00 price objective on the stock. Nomura upped their price objective on PayPal to $97.00 and gave the company a “buy” rating in a research note on Thursday, March 15th. Credit Suisse Group lowered their price objective on PayPal from $91.00 to $88.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 14th. Zacks Investment Research lowered PayPal from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. Finally, Guggenheim reiterated a “buy” rating on shares of PayPal in a research note on Thursday, February 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirty-five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $81.34.
In other news, COO William J. Ready sold 72,000 shares of the stock in a transaction 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Adele Louise Pentland sold 16,778 shares of the stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $77.76, for a total value of $1,304,657.28. The disclosure for this sale can be found here. In the last three months, insiders sold 201,964 shares of company stock worth $15,385,614. 0.20% of the stock is currently owned by company insiders.
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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