National Pension Service Has $30,589,000 Position in Paypal Holdings Inc. (PYPL)
National Pension Service raised its position in shares of Paypal Holdings Inc. (NASDAQ:PYPL) by 8.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 746,608 shares of the company’s stock after buying an additional 59,565 shares during the period. National Pension Service owned 0.06% of Paypal Holdings worth $30,589,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in PYPL. Renaissance Technologies LLC raised its stake in Paypal Holdings by 177.4% in the first quarter. Renaissance Technologies LLC now owns 365,900 shares of the company’s stock worth $14,124,000 after buying an additional 234,000 shares during the period. Seven Eight Capital LLC purchased a new stake in Paypal Holdings during the first quarter worth $205,000. Ladenburg Thalmann Financial Services Inc. raised its stake in Paypal Holdings by 11.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 57,122 shares of the company’s stock worth $2,208,000 after buying an additional 5,736 shares during the period. Logan Capital Management Inc. purchased a new stake in Paypal Holdings during the first quarter worth $947,000. Finally, Boothbay Fund Management LLC purchased a new stake in Paypal Holdings during the first quarter worth $262,000. 79.70% of the stock is owned by hedge funds and other institutional investors.
Paypal Holdings Inc. (NASDAQ:PYPL) traded up 0.038% during trading on Tuesday, reaching $39.975. 928,537 shares of the company’s stock traded hands. The firm has a 50 day moving average of $40.66 and a 200 day moving average of $38.81. Paypal Holdings Inc. has a 1-year low of $30.52 and a 1-year high of $44.52. The firm has a market capitalization of $47.17 billion, a PE ratio of 35.376 and a beta of 1.06.
Paypal Holdings (NASDAQ:PYPL) last released its quarterly earnings data on Thursday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. Paypal Holdings had a return on equity of 10.67% and a net margin of 13.23%. The firm earned $2.67 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same period in the prior year, the company posted $0.31 earnings per share. The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. Equities analysts forecast that Paypal Holdings Inc. will post $1.50 EPS for the current year.
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A number of research firms recently weighed in on PYPL. RBC Capital Markets reissued an “outperform” rating and issued a $46.00 price objective on shares of Paypal Holdings in a research report on Wednesday, August 3rd. William Blair reissued an “outperform” rating on shares of Paypal Holdings in a research report on Friday, October 21st. Vetr lowered shares of Paypal Holdings from a “buy” rating to a “hold” rating and set a $41.33 target price on the stock. in a research report on Tuesday, September 13th. Wedbush reaffirmed an “outperform” rating and set a $50.00 target price on shares of Paypal Holdings in a research report on Monday, August 1st. Finally, Cantor Fitzgerald reaffirmed a “buy” rating on shares of Paypal Holdings in a research report on Sunday, August 28th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-three have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $45.21.
In other Paypal Holdings news, EVP Gary J. Marino sold 1,726 shares of the stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $40.87, for a total transaction of $70,541.62. Following the completion of the transaction, the executive vice president now directly owns 44,505 shares in the company, valued at $1,818,919.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Aaron Anderson sold 2,644 shares of the 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 transaction, the vice president now owns 10,043 shares of the company’s stock, valued at $419,596.54. The disclosure for this sale can be found here. Company 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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