Swiss National Bank increased its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 0.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,212,291 shares of the credit services provider’s stock after purchasing an additional 2,400 shares during the quarter. Swiss National Bank’s holdings in Paypal were worth $310,109,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. AXA raised its position in Paypal by 68.4% in the third quarter. AXA now owns 382,248 shares of the credit services provider’s stock valued at $24,475,000 after purchasing an additional 155,268 shares during the period. Mn Services Vermogensbeheer B.V. raised its position in Paypal by 0.7% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 188,272 shares of the credit services provider’s stock valued at $12,055,000 after purchasing an additional 1,400 shares during the period. Rhumbline Advisers raised its position in Paypal by 1.2% in the third quarter. Rhumbline Advisers now owns 1,871,868 shares of the credit services provider’s stock valued at $119,856,000 after purchasing an additional 21,337 shares during the period. Teacher Retirement System of Texas raised its position in Paypal by 19.9% in the third quarter. Teacher Retirement System of Texas now owns 661,322 shares of the credit services provider’s stock valued at $42,344,000 after purchasing an additional 109,681 shares during the period. Finally, Grassi Investment Management raised its position in Paypal by 54.5% in the fourth quarter. Grassi Investment Management now owns 4,943 shares of the credit services provider’s stock valued at $364,000 after purchasing an additional 1,743 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Paypal Holdings Inc (NASDAQ PYPL) opened at $74.75 on Monday. The company has a market cap of $89,711.96, a price-to-earnings ratio of 51.20, a P/E/G ratio of 2.39 and a beta of 1.18. Paypal Holdings Inc has a 12 month low of $40.56 and a 12 month high of $86.32.

Paypal (NASDAQ:PYPL) last issued its earnings results on Wednesday, January 31st. The credit services provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. The firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.64 billion. Paypal had a net margin of 13.71% and a return on equity of 11.59%. The company’s revenue was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 earnings per share. research analysts expect that Paypal Holdings Inc will post 1.75 earnings per share for the current fiscal year.

In other Paypal news, VP Aaron Anderson sold 9,367 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $77.84, for a total value of $729,127.28. Following the completion of the transaction, the vice president now owns 18,480 shares in the company, valued at $1,438,483.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rodney C. Adkins acquired 6,750 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was bought at an average price of $74.04 per share, with a total value of $499,770.00. Following the purchase, the director now directly owns 10,149 shares of the company’s stock, valued at $751,431.96. The disclosure for this purchase can be found here. Insiders sold 126,344 shares of company stock valued at $9,818,481 in the last 90 days. 6.00% of the stock is currently owned by insiders.

A number of brokerages have issued reports on PYPL. Zacks Investment Research lowered Paypal from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. Wells Fargo & Co upgraded shares of Paypal from a “market perform” rating to an “outperform” rating and set a $70.00 price target for the company in a research note on Monday, February 5th. Vetr upgraded shares of Paypal from a “hold” rating to a “buy” rating and set a $86.65 price target for the company in a research note on Thursday, February 1st. Citigroup restated a “buy” rating and issued a $90.00 price target on shares of Paypal in a research note on Thursday, February 1st. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $85.00 price target on shares of Paypal in a research note on Thursday, February 1st. Nine analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $77.04.

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Paypal 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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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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