Bremer Trust National Association lowered its stake in Paypal Holdings Inc (NASDAQ:PYPL) by 6.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,890 shares of the credit services provider’s stock after selling 987 shares during the quarter. Bremer Trust National Association’s holdings in Paypal were worth $1,096,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. FMR LLC increased its stake in Paypal by 36.1% during the 2nd quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock valued at $4,415,371,000 after purchasing an additional 21,814,940 shares in the last quarter. Jennison Associates LLC bought a new stake in Paypal during the 3rd quarter valued at $481,937,000. Harding Loevner LP increased its stake in Paypal by 86.1% during the 3rd quarter. Harding Loevner LP now owns 11,353,818 shares of the credit services provider’s stock valued at $381,030,000 after purchasing an additional 5,253,746 shares in the last quarter. Capital World Investors increased its stake in Paypal by 313.5% during the 2nd quarter. Capital World Investors now owns 6,151,049 shares of the credit services provider’s stock valued at $330,127,000 after purchasing an additional 4,663,337 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in Paypal by 1,064.7% during the 2nd quarter. Janus Henderson Group PLC now owns 4,861,493 shares of the credit services provider’s stock valued at $260,921,000 after purchasing an additional 4,444,097 shares in the last quarter. Institutional investors own 80.73% of the company’s stock.

In other news, Director Rodney C. Adkins purchased 6,750 shares of the stock in a transaction dated Friday, December 8th. The shares were purchased at an average cost of $74.04 per share, with a total value of $499,770.00. Following the completion of the acquisition, the director now owns 10,149 shares in the company, valued at approximately $751,431.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 6.00% of the company’s stock.

PYPL has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Paypal from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 25th. BidaskClub lowered shares of Paypal from a “strong-buy” rating to a “buy” rating in a research note on Monday, December 25th. Morgan Stanley boosted their price target on shares of Paypal from $76.00 to $77.00 and gave the company an “overweight” rating in a research note on Friday, October 20th. Goldman Sachs Group restated a “buy” rating and set a $90.00 price target (up previously from $80.00) on shares of Paypal in a research note on Thursday, December 21st. Finally, Robert W. Baird restated a “buy” rating and set a $80.00 price target (up previously from $65.00) on shares of Paypal in a research note on Friday, October 20th. Ten analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the stock. Paypal currently has a consensus rating of “Buy” and a consensus target price of $76.05.

Shares of Paypal Holdings Inc (PYPL) opened at $80.54 on Friday. Paypal Holdings Inc has a fifty-two week low of $39.02 and a fifty-two week high of $80.77. The stock has a market cap of $95,852.33, a PE ratio of 62.43, a PEG ratio of 2.59 and a beta of 1.03.

Paypal (NASDAQ:PYPL) last announced its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. Paypal had a net margin of 12.69% and a return on equity of 11.33%. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same period in the prior year, the firm posted $0.35 earnings per share. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. analysts anticipate that Paypal Holdings Inc will post 1.37 EPS for the current fiscal year.

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Paypal Profile

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.

Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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