OLD Second National Bank of Aurora Cuts Stake in Paypal Holdings Inc (PYPL)
OLD Second National Bank of Aurora trimmed its position in Paypal Holdings Inc (NASDAQ:PYPL) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,608 shares of the credit services provider’s stock after selling 633 shares during the period. Paypal makes up approximately 1.3% of OLD Second National Bank of Aurora’s investment portfolio, making the stock its 26th largest holding. OLD Second National Bank of Aurora’s holdings in Paypal were worth $3,210,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of PYPL. FMR LLC lifted its holdings in shares of Paypal by 36.1% in the second 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 third quarter worth about $481,937,000. Harding Loevner LP raised its holdings in Paypal by 86.1% during the third quarter. Harding Loevner LP now owns 11,353,818 shares of the credit services provider’s stock worth $381,030,000 after acquiring an additional 5,253,746 shares in the last quarter. Capital World Investors raised its holdings in Paypal by 313.5% during the second quarter. Capital World Investors now owns 6,151,049 shares of the credit services provider’s stock worth $330,127,000 after acquiring an additional 4,663,337 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in Paypal by 1,064.7% during the second quarter. Janus Henderson Group PLC now owns 4,861,493 shares of the credit services provider’s stock worth $260,921,000 after acquiring an additional 4,444,097 shares in the last quarter. Institutional investors own 81.90% of the company’s stock.
PYPL has been the topic of several analyst reports. Zacks Investment Research lowered Paypal from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Sanford C. Bernstein reiterated an “outperform” rating and set a $66.00 target price on shares of Paypal in a report on Wednesday, September 27th. Susquehanna Bancshares reiterated a “positive” rating and set a $75.00 target price (up previously from $67.00) on shares of Paypal in a report on Friday, September 29th. Robert W. Baird reiterated a “buy” rating and set a $65.00 target price on shares of Paypal in a report on Friday, September 29th. Finally, Buckingham Research initiated coverage on Paypal in a report on Monday, October 2nd. They set a “buy” rating and a $74.00 target price on the stock. Ten research 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 company. Paypal has an average rating of “Buy” and a consensus target price of $76.20.
Paypal Holdings Inc (NASDAQ:PYPL) traded up $2.05 during trading on Wednesday, hitting $82.47. The stock had a trading volume of 7,000,000 shares, compared to its average volume of 8,500,000. Paypal Holdings Inc has a 52 week low of $39.02 and a 52 week high of $82.61. The firm has a market capitalization of $99,120.00 and a P/E ratio of 64.43.
Paypal (NASDAQ:PYPL) last posted its earnings results on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. Paypal had a return on equity of 11.33% and a net margin of 12.69%. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter in the prior year, the business earned $0.35 earnings per share. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. equities analysts anticipate that Paypal Holdings Inc will post 1.37 EPS for the current fiscal year.
Paypal Company 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.
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