Gulf International Bank UK Ltd Has $13,559,000 Position in Paypal Holdings Inc. (PYPL)
Gulf International Bank UK Ltd held its stake in shares of Paypal Holdings Inc. (NASDAQ:PYPL) during the third quarter, according to its most recent disclosure with the SEC. The firm owned 330,958 shares of the company’s stock at the end of the third quarter. Gulf International Bank UK Ltd’s holdings in Paypal Holdings were worth $13,559,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in PYPL. Osborn Rohs Williams & Donohoe Ltd raised its stake in shares of Paypal Holdings by 1.0% in the third quarter. Osborn Rohs Williams & Donohoe Ltd now owns 22,825 shares of the company’s stock worth $935,000 after buying an additional 225 shares during the last quarter. Patten & Patten Inc. TN raised its stake in shares of Paypal Holdings by 21.1% in the third quarter. Patten & Patten Inc. TN now owns 139,517 shares of the company’s stock worth $5,716,000 after buying an additional 24,320 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Paypal Holdings by 3.2% in the third quarter. Nisa Investment Advisors LLC now owns 418,455 shares of the company’s stock worth $17,144,000 after buying an additional 12,800 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Paypal Holdings during the third quarter worth approximately $406,000. Finally, Atria Investments LLC raised its stake in shares of Paypal Holdings by 39.0% in the third quarter. Atria Investments LLC now owns 22,857 shares of the company’s stock worth $936,000 after buying an additional 6,417 shares during the last quarter. Institutional investors own 79.70% of the company’s stock.
Shares of Paypal Holdings Inc. (NASDAQ:PYPL) traded down 0.807% during mid-day trading on Monday, hitting $39.935. The company had a trading volume of 2,461,218 shares. The company’s 50-day moving average is $40.66 and its 200 day moving average is $38.82. Paypal Holdings Inc. has a one year low of $30.52 and a one year high of $44.52. The company has a market capitalization of $47.12 billion, a PE ratio of 35.341 and a beta of 1.06.
Paypal Holdings (NASDAQ:PYPL) last issued its quarterly earnings results on Thursday, October 20th. The company reported $0.35 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.35. The business had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.65 billion. Paypal Holdings had a return on equity of 10.67% and a net margin of 13.23%. Paypal Holdings’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period last year, the company posted $0.31 earnings per share. On average, equities research analysts forecast that Paypal Holdings Inc. will post $1.50 EPS for the current fiscal year.
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Several equities analysts have recently issued reports on PYPL shares. Wedbush restated an “outperform” rating and set a $50.00 target price on shares of Paypal Holdings in a research report on Monday, August 1st. Vetr upgraded Paypal Holdings from a “buy” rating to a “strong-buy” rating and set a $41.29 target price for the company in a research report on Tuesday, August 2nd. RBC Capital Markets restated an “outperform” rating and set a $46.00 target price on shares of Paypal Holdings in a research report on Wednesday, August 3rd. Cantor Fitzgerald restated a “buy” rating and set a $46.00 target price on shares of Paypal Holdings in a research report on Tuesday, August 9th. Finally, TheStreet started coverage on Paypal Holdings in a research report on Wednesday, August 10th. They set a “hold” rating for the company. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-three have issued a buy rating to the company. Paypal Holdings currently has an average rating of “Buy” and a consensus price target of $45.21.
In other Paypal Holdings news, EVP Tomer Barel sold 28,768 shares of the firm’s stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 47,283 shares of the company’s stock, valued at $1,978,320.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Aaron Anderson sold 2,644 shares of the firm’s stock in a transaction on Monday, October 31st. The stock was sold at an average price of $41.78, for a total value of $110,466.32. Following the completion of the sale, the vice president now directly owns 10,043 shares of the company’s stock, valued at $419,596.54. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company’s stock.
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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