Rathbone Brothers plc boosted its position in Paypal Holdings Inc (NASDAQ:PYPL) by 5.1% in the 1st quarter, Holdings Channel reports. The firm owned 631,370 shares of the credit services provider’s stock after buying an additional 30,825 shares during the quarter. Paypal accounts for approximately 2.2% of Rathbone Brothers plc’s portfolio, making the stock its 7th biggest position. Rathbone Brothers plc’s holdings in Paypal were worth $65,561,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund increased its position in shares of Paypal by 7,419.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 19,412,765 shares of the credit services provider’s stock worth $231,000 after acquiring an additional 19,154,611 shares during the period. Norges Bank purchased a new position in shares of Paypal during the fourth quarter worth approximately $906,735,000. Lunia Capital LP increased its position in shares of Paypal by 5,015.1% during the fourth quarter. Lunia Capital LP now owns 4,152,952 shares of the credit services provider’s stock worth $4,153,000 after acquiring an additional 4,071,762 shares during the period. Vanguard Group Inc increased its position in shares of Paypal by 3.7% during the third quarter. Vanguard Group Inc now owns 86,484,524 shares of the credit services provider’s stock worth $7,596,801,000 after acquiring an additional 3,056,620 shares during the period. Finally, DSM Capital Partners LLC increased its position in shares of Paypal by 119.4% during the fourth quarter. DSM Capital Partners LLC now owns 3,419,751 shares of the credit services provider’s stock worth $287,567,000 after acquiring an additional 1,861,400 shares during the period. 80.92% of the stock is owned by institutional investors and hedge funds.

PYPL has been the topic of a number of research reports. Nomura raised their target price on shares of Paypal from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, February 28th. BTIG Research raised their target price on shares of Paypal to $114.00 and gave the stock a “buy” rating in a research report on Tuesday, February 19th. Zacks Investment Research raised shares of Paypal from a “hold” rating to a “buy” rating and set a $116.00 target price on the stock in a research report on Tuesday, April 2nd. Bank of America reaffirmed a “buy” rating and set a $116.00 target price (up from $102.00) on shares of Paypal in a research report on Friday, March 15th. Finally, BidaskClub lowered shares of Paypal from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 24th. Ten analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Paypal has an average rating of “Buy” and an average price target of $108.66.

In other Paypal news, EVP Adele Louise Pentland sold 11,520 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $109.07, for a total value of $1,256,486.40. Following the completion of the sale, the executive vice president now directly owns 63,408 shares in the company, valued at $6,915,910.56. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO John D. Rainey sold 13,925 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $108.73, for a total transaction of $1,514,065.25. Following the completion of the sale, the chief financial officer now owns 121,770 shares of the company’s stock, valued at $13,240,052.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 180,714 shares of company stock valued at $19,911,348. 0.15% of the stock is owned by insiders.

Shares of PYPL stock opened at $115.72 on Friday. The company has a market cap of $134.53 billion, a P/E ratio of 64.65, a price-to-earnings-growth ratio of 2.86 and a beta of 1.02. Paypal Holdings Inc has a 52-week low of $74.66 and a 52-week high of $117.45.

Paypal (NASDAQ:PYPL) last announced its earnings results on Wednesday, April 24th. The credit services provider reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.11. The company had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.13 billion. Paypal had a net margin of 13.92% and a return on equity of 15.50%. Paypal’s revenue was up 12.1% compared to the same quarter last year. During the same period last year, the firm earned $0.57 earnings per share. As a group, equities analysts predict that Paypal Holdings Inc will post 2.24 EPS for the current year.

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Paypal Company Profile

PayPal Holdings, Inc operates as a technology platform and digital payments 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 iZettle products. The company's Payments Platform allows consumers to send 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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