Mitchell Capital Management Co. raised its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 2.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,129 shares of the credit services provider’s stock after purchasing an additional 1,444 shares during the period. Paypal accounts for approximately 1.9% of Mitchell Capital Management Co.’s holdings, making the stock its 21st biggest holding. Mitchell Capital Management Co.’s holdings in Paypal were worth $5,721,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Paypal by 1.5% in the 2nd quarter. BlackRock Inc. now owns 71,049,407 shares of the credit services provider’s stock valued at $5,916,285,000 after acquiring an additional 1,060,330 shares during the period. Edgewood Management LLC raised its position in shares of Paypal by 2.5% in the 2nd quarter. Edgewood Management LLC now owns 16,448,586 shares of the credit services provider’s stock valued at $1,369,674,000 after acquiring an additional 396,410 shares during the period. Fundsmith Equity Fund L.P. acquired a new stake in shares of Paypal in the 2nd quarter valued at approximately $1,266,514,000. Third Point LLC acquired a new stake in shares of Paypal in the 2nd quarter valued at approximately $832,700,000. Finally, American Century Companies Inc. raised its position in shares of Paypal by 4.8% in the 3rd quarter. American Century Companies Inc. now owns 9,880,812 shares of the credit services provider’s stock valued at $867,931,000 after acquiring an additional 452,491 shares during the period. Institutional investors own 79.88% of the company’s stock.
A number of brokerages recently weighed in on PYPL. Zacks Investment Research upgraded shares of Paypal from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research report on Wednesday, October 24th. BidaskClub downgraded shares of Paypal from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Stifel Nicolaus increased their price target on shares of Paypal to $108.00 and gave the company a “buy” rating in a research report on Friday, October 19th. Mizuho reiterated a “hold” rating and issued a $80.00 price target on shares of Paypal in a research report on Thursday, July 26th. Finally, Bank of America increased their price target on shares of Paypal from $98.00 to $102.00 and gave the company a “buy” rating in a research report on Tuesday, September 11th. Seven analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $94.37.
In other news, insider Gary J. Marino sold 1,009 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $85.90, for a total transaction of $86,673.10. Following the completion of the transaction, the insider now directly owns 41,309 shares of the company’s stock, valued at approximately $3,548,443.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel H. Schulman sold 26,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $92.43, for a total transaction of $2,403,180.00. Following the transaction, the insider now directly owns 323,316 shares of the company’s stock, valued at $29,884,097.88. The disclosure for this sale can be found here. Insiders have sold a total of 379,755 shares of company stock valued at $32,034,580 over the last ninety days. Company insiders own 0.20% of the company’s stock.
Shares of PYPL opened at $85.06 on Friday. The company has a market cap of $99.04 billion, a PE ratio of 49.15, a price-to-earnings-growth ratio of 2.57 and a beta of 1.23. Paypal Holdings Inc has a twelve month low of $68.61 and a twelve month high of $93.70.
Paypal (NASDAQ:PYPL) last issued its quarterly earnings results on Thursday, October 18th. The credit services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.04. The company had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.66 billion. Paypal had a net margin of 13.98% and a return on equity of 13.60%. The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period last year, the business earned $0.46 EPS. On average, equities research analysts predict that Paypal Holdings Inc will post 1.79 earnings per share for the current fiscal year.
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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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