Strs Ohio boosted its stake in Paypal Holdings Inc (NASDAQ:PYPL) by 16.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,525,228 shares of the credit services provider’s stock after buying an additional 214,281 shares during the quarter. Strs Ohio’s holdings in Paypal were worth $112,287,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PYPL. CIBC World Markets Inc. increased its holdings in shares of Paypal by 819.1% during the 2nd quarter. CIBC World Markets Inc. now owns 157,454 shares of the credit services provider’s stock worth $8,451,000 after buying an additional 140,322 shares during the last quarter. HPM Partners LLC increased its holdings in shares of Paypal by 10.6% during the 2nd quarter. HPM Partners LLC now owns 110,670 shares of the credit services provider’s stock worth $5,940,000 after buying an additional 10,627 shares during the last quarter. Pittenger & Anderson Inc. increased its holdings in shares of Paypal by 38.1% during the 2nd quarter. Pittenger & Anderson Inc. now owns 73,615 shares of the credit services provider’s stock worth $3,951,000 after buying an additional 20,305 shares during the last quarter. Financial Counselors Inc. increased its holdings in shares of Paypal by 1.8% during the 2nd quarter. Financial Counselors Inc. now owns 41,514 shares of the credit services provider’s stock worth $2,228,000 after buying an additional 724 shares during the last quarter. Finally, Marcus Capital LLC increased its holdings in shares of Paypal by 5.0% during the 2nd quarter. Marcus Capital LLC now owns 56,100 shares of the credit services provider’s stock worth $3,011,000 after buying an additional 2,650 shares during the last quarter. 81.71% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Rodney C. Adkins acquired 6,750 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was acquired at an average cost of $74.04 per share, with a total value of $499,770.00. Following the transaction, the director now owns 10,149 shares in the company, valued at $751,431.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. 6.00% of the stock is currently owned by insiders.

A number of analysts have recently issued reports on PYPL shares. Zacks Investment Research downgraded shares of Paypal from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 25th. BidaskClub downgraded shares of Paypal from a “strong-buy” rating to a “buy” rating in a report on Monday, December 25th. Morgan Stanley lifted their target price on shares of Paypal from $76.00 to $77.00 and gave the company an “overweight” rating in a report on Friday, October 20th. Goldman Sachs Group reiterated a “buy” rating and issued a $90.00 target price (up previously from $80.00) on shares of Paypal in a report on Thursday, December 21st. Finally, Robert W. Baird reiterated a “buy” rating and issued a $80.00 target price (up previously from $65.00) on shares of Paypal in a report on Friday, October 20th. Ten analysts have rated the stock with a hold rating, thirty-three have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $76.55.

Paypal Holdings Inc (NASDAQ PYPL) traded up $0.25 during trading on Tuesday, hitting $84.24. 3,650,692 shares of the stock traded hands, compared to its average volume of 8,227,622. The stock has a market cap of $101,370.00 and a PE ratio of 65.81. Paypal Holdings Inc has a 1-year low of $39.02 and a 1-year high of $84.21.

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About Paypal

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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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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