AMI Asset Management Corp lessened its stake in Paypal Holdings Inc (NASDAQ:PYPL) by 1.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 450,684 shares of the credit services provider’s stock after selling 8,435 shares during the quarter. Paypal accounts for about 2.7% of AMI Asset Management Corp’s holdings, making the stock its 8th biggest position. AMI Asset Management Corp’s holdings in Paypal were worth $39,588,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in shares of Paypal by 1.5% during the 2nd quarter. BlackRock Inc. now owns 71,049,407 shares of the credit services provider’s stock worth $5,916,285,000 after purchasing an additional 1,060,330 shares during the last quarter. Edgewood Management LLC increased its stake in shares of Paypal by 2.5% during the 2nd quarter. Edgewood Management LLC now owns 16,448,586 shares of the credit services provider’s stock worth $1,369,674,000 after purchasing an additional 396,410 shares during the last quarter. Fundsmith Equity Fund L.P. acquired a new position in shares of Paypal during the 2nd quarter worth $1,266,514,000. Third Point LLC acquired a new position in shares of Paypal during the 2nd quarter worth $832,700,000. Finally, American Century Companies Inc. increased its stake in shares of Paypal by 15.0% during the 2nd quarter. American Century Companies Inc. now owns 9,428,321 shares of the credit services provider’s stock worth $785,096,000 after purchasing an additional 1,227,210 shares during the last quarter. Hedge funds and other institutional investors own 79.58% of the company’s stock.

In other news, insider Daniel H. Schulman sold 26,000 shares of the stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $82.46, for a total value of $2,143,960.00. Following the completion of the transaction, the insider now owns 338,506 shares in the company, valued at approximately $27,913,204.76. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Aaron Anderson sold 17,062 shares of the stock in a transaction on Friday, July 27th. The shares were sold at an average price of $88.22, for a total transaction of $1,505,209.64. Following the completion of the transaction, the vice president now owns 9,921 shares of the company’s stock, valued at approximately $875,230.62. The disclosure for this sale can be found here. Over the last three months, insiders sold 149,732 shares of company stock valued at $13,204,157. Insiders own 0.20% of the company’s stock.

PYPL has been the topic of several analyst reports. Credit Suisse Group increased their price target on shares of Paypal from $93.00 to $100.00 and gave the stock a “$87.38” rating in a research note on Thursday, July 19th. Morgan Stanley increased their price target on shares of Paypal from $89.00 to $96.00 and gave the stock a “$87.38” rating in a research note on Thursday, July 19th. SunTrust Banks increased their price target on shares of Paypal to $92.00 and gave the stock a “$88.22” rating in a research note on Wednesday, July 18th. Zacks Investment Research upgraded shares of Paypal from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research note on Tuesday, July 24th. Finally, Citigroup increased their price target on shares of Paypal from $90.00 to $101.00 and gave the stock a “buy” rating in a research note on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirty-three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $93.71.

Shares of Paypal stock opened at $85.43 on Tuesday. Paypal Holdings Inc has a fifty-two week low of $68.61 and a fifty-two week high of $93.70. The firm has a market capitalization of $100.35 billion, a price-to-earnings ratio of 61.46, a P/E/G ratio of 2.75 and a beta of 1.31.

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, beating analysts’ consensus estimates of $0.54 by $0.04. Paypal had a net margin of 13.98% and a return on equity of 13.60%. The firm had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.66 billion. During the same period in the prior year, the firm earned $0.46 EPS. The business’s revenue was up 13.7% on a year-over-year basis. On average, equities research analysts predict that Paypal Holdings Inc will post 1.74 earnings per share for the current year.

About Paypal

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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