PayPal Holdings, Inc. (PYPL) Position Decreased by Tokio Marine Asset Management Co. Ltd.
Tokio Marine Asset Management Co. Ltd. trimmed its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 24.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,546 shares of the credit services provider’s stock after selling 3,154 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in PayPal Holdings were worth $611,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Rhumbline Advisers raised its stake in shares of PayPal Holdings by 0.9% in the 2nd quarter. Rhumbline Advisers now owns 1,850,531 shares of the credit services provider’s stock valued at $99,318,000 after acquiring an additional 17,139 shares in the last quarter. Shikiar Asset Management Inc. increased its position in PayPal Holdings by 2,671.9% in the 2nd quarter. Shikiar Asset Management Inc. now owns 141,365 shares of the credit services provider’s stock worth $7,587,000 after buying an additional 136,265 shares during the period. Fundsmith LLP increased its position in PayPal Holdings by 6.8% in the 2nd quarter. Fundsmith LLP now owns 14,051,261 shares of the credit services provider’s stock worth $754,131,000 after buying an additional 889,976 shares during the period. Smith Asset Management Group LP bought a new position in PayPal Holdings in the 2nd quarter worth approximately $50,648,000. Finally, Wealthfront Inc. increased its position in PayPal Holdings by 19.2% in the 2nd quarter. Wealthfront Inc. now owns 42,458 shares of the credit services provider’s stock worth $2,279,000 after buying an additional 6,829 shares during the period. 82.35% of the stock is currently owned by institutional investors and hedge funds.
PayPal Holdings, Inc. (PYPL) opened at $73.39 on Friday. The company has a market cap of $86.84 billion, a PE ratio of 51.61, a price-to-earnings-growth ratio of 3.00 and a beta of 1.03.
PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.18 billion. PayPal Holdings had a return on equity of 11.33% and a net margin of 12.69%. The firm’s revenue was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.35 earnings per share. analysts expect that PayPal Holdings, Inc. will post 1.37 EPS for the current year.
TRADEMARK VIOLATION NOTICE: “PayPal Holdings, Inc. (PYPL) Position Decreased by Tokio Marine Asset Management Co. Ltd.” was first published by Watch List News and is owned by of Watch List News. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://www.watchlistnews.com/paypal-holdings-inc-pypl-position-decreased-by-tokio-marine-asset-management-co-ltd/1678221.html.
In related news, Director John J. Donahoe sold 170,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $58.18, for a total value of $9,890,600.00. Following the completion of the sale, the director now owns 124,516 shares in the company, valued at $7,244,340.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 6.00% of the company’s stock.
PYPL has been the topic of several recent analyst reports. Barclays PLC lifted their price target on PayPal Holdings from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, October 20th. Credit Suisse Group reaffirmed an “outperform” rating on shares of PayPal Holdings in a research report on Tuesday, September 5th. Zacks Investment Research raised PayPal Holdings from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Wednesday, July 19th. Citigroup Inc lifted their price target on PayPal Holdings to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, October 3rd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $61.27 price target (down from $70.00) on shares of PayPal Holdings in a research report on Wednesday, September 6th. Ten analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $69.85.
PayPal Holdings Profile
PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.
Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPL).
Receive News & Ratings for PayPal Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.