PayPal Holdings, Inc. (PYPL) Shares Sold by Lindsell Train Ltd
Lindsell Train Ltd reduced its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,207,767 shares of the credit services provider’s stock after selling 81,490 shares during the quarter. PayPal Holdings accounts for 13.4% of Lindsell Train Ltd’s portfolio, making the stock its 2nd largest position. Lindsell Train Ltd owned approximately 0.52% of PayPal Holdings worth $397,483,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of PYPL. Kistler Tiffany Companies LLC lifted its position in PayPal Holdings by 511.9% in the 3rd quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock valued at $129,000 after acquiring an additional 1,684 shares in the last quarter. Archford Capital Strategies LLC lifted its position in PayPal Holdings by 65.4% during the 1st quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock worth $139,000 after buying an additional 1,281 shares in the last quarter. Balentine LLC lifted its position in PayPal Holdings by 28.7% during the 1st quarter. Balentine LLC now owns 3,494 shares of the credit services provider’s stock worth $150,000 after buying an additional 780 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its position in PayPal Holdings by 171.4% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock worth $154,000 after buying an additional 1,808 shares in the last quarter. Finally, SRS Capital Advisors Inc. lifted its position in PayPal Holdings by 5.6% during the 1st quarter. SRS Capital Advisors Inc. now owns 3,611 shares of the credit services provider’s stock worth $155,000 after buying an additional 190 shares in the last quarter. 82.35% of the stock is currently owned by institutional investors and hedge funds.
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In related news, Director John J. Donahoe sold 170,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $58.18, for a total value of $9,890,600.00. Following the completion of the transaction, the director now owns 124,516 shares of the company’s stock, valued at approximately $7,244,340.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 6.00% of the stock is owned by corporate insiders.
Shares of PayPal Holdings, Inc. (NASDAQ PYPL) opened at $73.39 on Friday. The firm has a market capitalization of $88,208.18, a price-to-earnings ratio of 52.42, a P/E/G ratio of 3.05 and a beta of 1.03.
PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.03. The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.18 billion. PayPal Holdings had a net margin of 12.69% and a return on equity of 11.33%. The firm’s quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 EPS. sell-side analysts predict that PayPal Holdings, Inc. will post 1.37 EPS for the current year.
Several equities research analysts have commented on PYPL shares. Barclays PLC boosted their price target on shares of 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 reissued an “outperform” rating on shares of PayPal Holdings in a research report on Tuesday, September 5th. Zacks Investment Research raised shares of 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. boosted their price target on shares of PayPal Holdings to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, October 3rd. Finally, Jefferies Group LLC reissued a “buy” rating and set a $61.27 price target (down from $70.00) on shares of PayPal Holdings in a research report on Wednesday, September 6th. Ten investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $69.85.
PayPal Holdings 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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