Cullinan Associates Inc. cut its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 6.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 87,728 shares of the credit services provider’s stock after selling 6,250 shares during the period. Cullinan Associates Inc.’s holdings in Paypal were worth $6,459,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Fundsmith LLP raised its holdings in Paypal by 6.8% during the second quarter. Fundsmith LLP now owns 14,051,261 shares of the credit services provider’s stock valued at $754,131,000 after acquiring an additional 889,976 shares during the period. AXA raised its holdings in Paypal by 68.4% during the third quarter. AXA now owns 382,248 shares of the credit services provider’s stock valued at $24,475,000 after acquiring an additional 155,268 shares during the period. Mn Services Vermogensbeheer B.V. raised its holdings in Paypal by 0.7% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 188,272 shares of the credit services provider’s stock valued at $12,055,000 after acquiring an additional 1,400 shares during the period. Rhumbline Advisers raised its holdings in Paypal by 1.2% during the third quarter. Rhumbline Advisers now owns 1,871,868 shares of the credit services provider’s stock valued at $119,856,000 after acquiring an additional 21,337 shares during the period. Finally, Wealthfront Inc. raised its holdings in Paypal by 19.2% during the second quarter. Wealthfront Inc. now owns 42,458 shares of the credit services provider’s stock valued at $2,279,000 after acquiring an additional 6,829 shares during the period. 81.90% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have commented on the company. Credit Suisse Group reissued an “outperform” rating and set a $91.00 price target (up from $85.00) on shares of Paypal in a report on Wednesday. BidaskClub upgraded Paypal from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 10th. Cowen upgraded Paypal from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $79.05 to $88.00 in a research report on Tuesday, January 9th. Vetr lowered Paypal from a “buy” rating to a “hold” rating and set a $81.27 price objective for the company. in a research report on Monday, January 8th. Finally, Mizuho restated a “hold” rating and set a $75.00 price objective on shares of Paypal in a research report on Thursday, January 4th. Ten research analysts have rated the stock with a hold rating, thirty-three have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $76.20.

In related news, Director Rodney C. Adkins purchased 6,750 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was purchased at an average price of $74.04 per share, with a total value of $499,770.00. Following the completion of the purchase, the director now owns 10,149 shares of the company’s stock, valued at approximately $751,431.96. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 6.00% of the company’s stock.

Paypal Holdings Inc (NASDAQ PYPL) traded up $2.05 during trading on Wednesday, hitting $82.47. 7,145,623 shares of the stock traded hands, compared to its average volume of 8,500,000. Paypal Holdings Inc has a 1 year low of $39.02 and a 1 year high of $82.61. The company has a market capitalization of $99,120.00 and a P/E ratio of 64.43.

Paypal (NASDAQ:PYPL) last posted its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter in the previous year, the firm posted $0.35 earnings per share. The company’s revenue was up 21.4% on a year-over-year basis. equities research analysts forecast that Paypal Holdings Inc will post 1.37 earnings per share for the current year.

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About Paypal

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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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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