US Bancorp DE raised its position in Paypal Holdings Inc. (NASDAQ:PYPL) by 0.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 373,936 shares of the company’s stock after buying an additional 3,283 shares during the period. US Bancorp DE’s holdings in Paypal Holdings were worth $15,319,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Paypal Holdings by 0.9% in the second quarter. Vanguard Group Inc. now owns 69,535,527 shares of the company’s stock worth $2,538,742,000 after buying an additional 620,002 shares in the last quarter. Jackson Square Partners LLC boosted its position in Paypal Holdings by 6.9% in the second quarter. Jackson Square Partners LLC now owns 25,313,524 shares of the company’s stock worth $1,071,595,000 after buying an additional 1,631,771 shares in the last quarter. Lone Pine Capital LLC boosted its position in Paypal Holdings by 6.2% in the second quarter. Lone Pine Capital LLC now owns 11,080,118 shares of the company’s stock worth $404,535,000 after buying an additional 650,000 shares in the last quarter. Winslow Capital Management LLC boosted its position in Paypal Holdings by 53.5% in the third quarter. Winslow Capital Management LLC now owns 10,060,110 shares of the company’s stock worth $412,163,000 after buying an additional 3,505,881 shares in the last quarter. Finally, Fundsmith LLP boosted its position in Paypal Holdings by 114.2% in the second quarter. Fundsmith LLP now owns 9,896,155 shares of the company’s stock worth $361,309,000 after buying an additional 5,276,062 shares in the last quarter. 79.70% of the stock is owned by hedge funds and other institutional investors.

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

Paypal Holdings Inc. (NASDAQ:PYPL) traded down 0.35% during midday trading on Monday, hitting $40.12. The stock had a trading volume of 1,587,331 shares. The firm has a market cap of $47.34 billion, a P/E ratio of 35.50 and a beta of 1.06. Paypal Holdings Inc. has a 52 week low of $30.52 and a 52 week high of $44.52. The stock has a 50-day moving average of $40.66 and a 200-day moving average of $38.82.

Paypal Holdings (NASDAQ:PYPL) last released its quarterly earnings data on Thursday, October 20th. The company reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. The business earned $2.67 billion during the quarter, compared to the consensus estimate of $2.65 billion. Paypal Holdings had a return on equity of 10.67% and a net margin of 13.23%. The firm’s revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.31 earnings per share. Analysts forecast that Paypal Holdings Inc. will post $1.50 EPS for the current fiscal year.

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A number of research firms have weighed in on PYPL. Cantor Fitzgerald restated a “buy” rating and issued a $46.00 price target on shares of Paypal Holdings in a report on Tuesday, August 9th. Zacks Investment Research cut Paypal Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, September 24th. Goldman Sachs Group Inc. reiterated a “buy” rating and set a $49.00 target price (up from $47.00) on shares of Paypal Holdings in a research note on Sunday, October 23rd. Credit Suisse Group AG reiterated a “buy” rating and set a $43.00 target price on shares of Paypal Holdings in a research note on Friday, August 12th. Finally, Wedbush reiterated an “outperform” rating and set a $50.00 target price on shares of Paypal Holdings in a research note on Monday, August 1st. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-three have given a buy rating to the stock. Paypal Holdings currently has an average rating of “Buy” and a consensus target price of $45.21.

In related news, COO William J. Ready sold 50,000 shares of the company’s stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $41.72, for a total value of $2,086,000.00. Following the completion of the sale, the chief operating officer now owns 59,999 shares in the company, valued at $2,503,158.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Tomer Barel sold 28,768 shares of the company’s stock in a transaction dated Tuesday, November 1st. The shares were 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 owns 47,283 shares of the company’s stock, valued at approximately $1,978,320.72. The disclosure for this sale can be found here. 7.00% of the stock is owned by corporate insiders.

About Paypal Holdings

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.

5 Day Chart for NASDAQ:PYPL

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