Paypal Holdings Inc. (PYPL) Shares Sold by Harding Loevner LP
Harding Loevner LP reduced its position in Paypal Holdings Inc. (NASDAQ:PYPL) by 0.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,465,050 shares of the company’s stock after selling 20,281 shares during the period. Paypal Holdings comprises approximately 1.6% of Harding Loevner LP’s portfolio, making the stock its 24th largest position. Harding Loevner LP owned about 0.46% of Paypal Holdings worth $223,903,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Artemis Investment Management LLP increased its position in shares of Paypal Holdings by 60.6% in the second quarter. Artemis Investment Management LLP now owns 342,141 shares of the company’s stock worth $12,495,000 after buying an additional 129,047 shares in the last quarter. Candriam Luxembourg S.C.A. increased its stake in Paypal Holdings by 4.0% in the second quarter. Candriam Luxembourg S.C.A. now owns 467,009 shares of the company’s stock worth $17,051,000 after buying an additional 17,796 shares during the period. Cullen Frost Bankers Inc. increased its stake in Paypal Holdings by 1.9% in the second quarter. Cullen Frost Bankers Inc. now owns 405,333 shares of the company’s stock worth $14,799,000 after buying an additional 7,364 shares during the period. National Planning Corp increased its stake in Paypal Holdings by 7.2% in the second quarter. National Planning Corp now owns 11,978 shares of the company’s stock worth $438,000 after buying an additional 805 shares during the period. Finally, Flossbach Von Storch AG increased its stake in Paypal Holdings by 7.6% in the second quarter. Flossbach Von Storch AG now owns 1,794,990 shares of the company’s stock worth $65,535,000 after buying an additional 127,260 shares during the period. 78.13% of the stock is owned by institutional investors.
Paypal Holdings Inc. (NASDAQ:PYPL) traded up 1.37% during midday trading on Monday, hitting $40.63. 6,667,226 shares of the stock were exchanged. The company has a market capitalization of $47.94 billion, a P/E ratio of 35.96 and a beta of 1.06. The company’s 50 day moving average is $40.68 and its 200 day moving average is $38.80. Paypal Holdings Inc. has a 1-year low of $30.52 and a 1-year high of $44.52.
Paypal Holdings (NASDAQ:PYPL) last issued its quarterly earnings results on Thursday, October 20th. The company reported $0.35 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.35. The company had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.65 billion. Paypal Holdings had a net margin of 13.23% and a return on equity of 10.67%. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 EPS. Analysts predict that Paypal Holdings Inc. will post $1.50 earnings per share for the current fiscal year.
A number of research firms recently weighed in on PYPL. Vetr downgraded shares of Paypal Holdings from a “strong-buy” rating to a “buy” rating and set a $46.45 price target for the company. in a research note on Tuesday, November 8th. Robert W. Baird reissued an “outperform” rating and set a $48.00 price target on shares of Paypal Holdings in a research note on Saturday, October 22nd. Zacks Investment Research downgraded shares of Paypal Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, September 24th. Jefferies Group reissued a “buy” rating and set a $48.00 price target on shares of Paypal Holdings in a research note on Tuesday, September 20th. Finally, Mizuho boosted their price target on shares of Paypal Holdings from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Sunday, October 23rd. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-three have given a buy rating to the company. Paypal Holdings currently has a consensus rating of “Buy” and an average target price of $45.21.
In related news, EVP Tomer Barel sold 28,768 shares of the business’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $41.84, for a total value of $1,203,653.12. Following the sale, the executive vice president now directly owns 47,283 shares in the company, valued at approximately $1,978,320.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gary J. Marino sold 1,726 shares of the business’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $40.87, for a total value of $70,541.62. Following the completion of the sale, the executive vice president now owns 44,505 shares in the company, valued at $1,818,919.35. The disclosure for this sale can be found here. 7.00% of the stock is owned by corporate insiders.
Paypal Holdings Company Profile
PayPal Holdings, Inc (PayPal) is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants across the world. The Company allows businesses of all sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions.
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