Boston Partners acquired a new stake in Paypal Holdings Inc (NASDAQ:PYPL) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 1,421 shares of the credit services provider’s stock, valued at approximately $163,000.
Several other institutional investors and hedge funds have also modified their holdings of PYPL. Treasurer of the State of North Carolina raised its stake in shares of Paypal by 0.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 735,614 shares of the credit services provider’s stock worth $84,198,000 after purchasing an additional 1,880 shares in the last quarter. BlackRock Inc. raised its stake in shares of Paypal by 1.6% during the 2nd quarter. BlackRock Inc. now owns 74,983,829 shares of the credit services provider’s stock worth $8,582,649,000 after purchasing an additional 1,194,180 shares in the last quarter. Natixis raised its stake in shares of Paypal by 1,020.3% during the 2nd quarter. Natixis now owns 78,611 shares of the credit services provider’s stock worth $8,998,000 after purchasing an additional 71,594 shares in the last quarter. NewSquare Capital LLC raised its stake in shares of Paypal by 15.7% during the 2nd quarter. NewSquare Capital LLC now owns 1,234 shares of the credit services provider’s stock worth $141,000 after purchasing an additional 167 shares in the last quarter. Finally, Cresset Asset Management LLC raised its stake in shares of Paypal by 15.5% during the 2nd quarter. Cresset Asset Management LLC now owns 18,081 shares of the credit services provider’s stock worth $2,070,000 after purchasing an additional 2,427 shares in the last quarter. Institutional investors and hedge funds own 80.53% of the company’s stock.
In other news, EVP Jonathan Auerbach sold 2,024 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $106.07, for a total transaction of $214,685.68. Following the completion of the transaction, the executive vice president now directly owns 118,844 shares in the company, valued at $12,605,783.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Aaron Karczmer sold 3,110 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $115.71, for a total value of $359,858.10. Following the sale, the executive vice president now directly owns 15,041 shares of the company’s stock, valued at approximately $1,740,394.11. The disclosure for this sale can be found here. Insiders sold 132,417 shares of company stock valued at $14,511,700 over the last quarter. Corporate insiders own 0.15% of the company’s stock.
PYPL has been the topic of a number of analyst reports. Morgan Stanley set a $129.00 price objective on Paypal and gave the stock a “buy” rating in a research note on Tuesday, September 17th. BidaskClub cut Paypal from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Citigroup upped their price objective on Paypal from $124.00 to $137.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. upped their price objective on Paypal from $105.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, June 14th. Finally, ValuEngine cut Paypal from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Nine investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $122.17.
NASDAQ PYPL traded up $1.04 on Friday, reaching $101.58. The stock had a trading volume of 4,177,994 shares, compared to its average volume of 6,384,892. The firm has a fifty day moving average of $105.27 and a two-hundred day moving average of $109.73. Paypal Holdings Inc has a 1-year low of $75.47 and a 1-year high of $121.48. The company has a market cap of $117.54 billion, a P/E ratio of 56.75, a price-to-earnings-growth ratio of 2.26 and a beta of 0.96.
Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, July 24th. The credit services provider reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.12. The business had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.33 billion. Paypal had a return on equity of 17.14% and a net margin of 15.36%. Paypal’s revenue was up 11.7% compared to the same quarter last year. During the same period last year, the firm posted $0.58 earnings per share. Analysts forecast that Paypal Holdings Inc will post 2.4 EPS for the current fiscal year.
Paypal Company Profile
PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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