378,000 Shares in Paypal Holdings Inc (PYPL) Acquired by AustralianSuper Pty Ltd
AustralianSuper Pty Ltd acquired a new position in shares of Paypal Holdings Inc (NASDAQ:PYPL) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 378,000 shares of the credit services provider’s stock, valued at approximately $24,203,000. Paypal comprises 1.1% of AustralianSuper Pty Ltd’s investment portfolio, making the stock its 29th biggest holding.
Other hedge funds have also bought and sold shares of the company. Parametric Portfolio Associates LLC boosted its position in Paypal by 9.1% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 3,291,350 shares of the credit services provider’s stock valued at $210,745,000 after purchasing an additional 274,217 shares during the period. AXA boosted its position in Paypal by 68.4% during the 3rd 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. Shelton Capital Management boosted its position in Paypal by 1.2% during the 3rd quarter. Shelton Capital Management now owns 103,253 shares of the credit services provider’s stock valued at $6,611,000 after purchasing an additional 1,205 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in Paypal during the 3rd quarter worth $735,000. Finally, Visionary Asset Management Inc. acquired a new position in Paypal during the 3rd quarter worth $214,000. Institutional investors own 80.81% of the company’s stock.
A number of research analysts have issued reports on PYPL shares. Zacks Investment Research lowered Paypal from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Morgan Stanley boosted their price objective on Paypal from $76.00 to $77.00 and gave the stock an “overweight” rating in a research note on Friday, October 20th. Robert W. Baird reissued a “buy” rating and issued a $80.00 price objective (up previously from $65.00) on shares of Paypal in a research note on Friday, October 20th. Bank of America reissued a “buy” rating and issued a $78.00 price objective (up previously from $71.00) on shares of Paypal in a research note on Friday, October 6th. Finally, Credit Suisse Group reissued an “outperform” rating on shares of Paypal in a research note on Tuesday, September 5th. Ten investment analysts have rated the stock with a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $73.53.
Shares of Paypal Holdings Inc (PYPL) traded up $0.17 during midday trading on Friday, reaching $74.26. The company’s stock had a trading volume of 7,519,500 shares, compared to its average volume of 7,881,975. Paypal Holdings Inc has a 1 year low of $39.02 and a 1 year high of $79.39. The stock has a market capitalization of $89,049.51, a P/E ratio of 52.92, a P/E/G ratio of 3.04 and a beta of 1.03.
Paypal (NASDAQ:PYPL) last issued its earnings results on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. Paypal had a return on equity of 11.33% and a net margin of 12.69%. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter in the previous year, the company posted $0.35 earnings per share. The business’s quarterly revenue was up 21.4% compared to the same quarter last year. sell-side analysts forecast that Paypal Holdings Inc will post 1.37 earnings per share for the current fiscal year.
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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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