Paypal Holdings Inc (PYPL) Shares Bought by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC lifted its stake in Paypal Holdings Inc (NASDAQ:PYPL) by 9.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,291,350 shares of the credit services provider’s stock after acquiring an additional 274,217 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.27% of Paypal worth $210,745,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. FMR LLC lifted its holdings in shares of Paypal by 36.1% during the second quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock valued at $4,415,371,000 after acquiring an additional 21,814,940 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Paypal by 2.8% during the second quarter. Vanguard Group Inc. now owns 77,758,731 shares of the credit services provider’s stock valued at $4,173,311,000 after acquiring an additional 2,115,017 shares during the period. BlackRock Inc. lifted its holdings in shares of Paypal by 4.7% during the second quarter. BlackRock Inc. now owns 62,938,949 shares of the credit services provider’s stock valued at $3,377,936,000 after acquiring an additional 2,835,027 shares during the period. Fundsmith LLP lifted its holdings in shares of Paypal by 6.8% during the second quarter. Fundsmith LLP now owns 14,051,261 shares of the credit services provider’s stock valued at $754,131,000 after acquiring an additional 889,976 shares during the period. Finally, TIAA CREF Investment Management LLC lifted its holdings in shares of Paypal by 0.7% during the second quarter. TIAA CREF Investment Management LLC now owns 12,608,026 shares of the credit services provider’s stock valued at $676,673,000 after acquiring an additional 84,888 shares during the period. Institutional investors and hedge funds own 80.81% of the company’s stock.
A number of research analysts have issued reports on PYPL shares. Zacks Investment Research cut Paypal from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 25th. Morgan Stanley lifted their price objective on Paypal from $76.00 to $77.00 and gave the company an “overweight” rating in a report on Friday, October 20th. Robert W. Baird reissued a “buy” rating and set a $80.00 price objective (up from $65.00) on shares of Paypal in a report on Friday, October 20th. Bank of America reaffirmed a “buy” rating and issued a $78.00 price target (up from $71.00) on shares of Paypal in a report on Friday, October 6th. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of Paypal in a report on Tuesday, September 5th. Ten research analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the company. Paypal presently has an average rating of “Buy” and an average price target of $73.53.
In related news, Director Rodney C. Adkins bought 6,750 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was bought at an average cost of $74.04 per share, for a total transaction of $499,770.00. Following the transaction, the director now owns 10,149 shares of the company’s stock, valued at $751,431.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 6.00% of the stock is currently owned by insiders.
Shares of Paypal Holdings Inc (PYPL) opened at $74.26 on Friday. The firm has a market capitalization of $89,049.51, a PE ratio of 52.92, a price-to-earnings-growth ratio of 3.04 and a beta of 1.03. Paypal Holdings Inc has a twelve month low of $39.02 and a twelve month high of $79.39.
Paypal (NASDAQ:PYPL) last posted its earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.18 billion. Paypal had a return on equity of 11.33% and a net margin of 12.69%. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.35 EPS. equities analysts anticipate that Paypal Holdings Inc will post 1.37 EPS for the current year.
Paypal Company 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.
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