Canada Pension Plan Investment Board Has $292.96 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Canada Pension Plan Investment Board increased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 23.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 1,206,408 shares of the credit services provider’s stock after acquiring an additional 231,423 shares during the period. Canada Pension Plan Investment Board’s holdings in PayPal were worth $292,964,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Gleason Group Inc. acquired a new stake in shares of PayPal during the 1st quarter valued at about $25,000. Permanens Capital L.P. bought a new stake in PayPal in the first quarter valued at $27,000. Vantage Consulting Group Inc bought a new stake in PayPal in the fourth quarter valued at $29,000. Safeguard Investment Advisory Group LLC bought a new stake in PayPal in the fourth quarter valued at $30,000. Finally, Grant Street Asset Management Inc. bought a new stake in PayPal in the fourth quarter valued at $35,000. Institutional investors and hedge funds own 78.95% of the company’s stock.

In related news, CEO Daniel H. Schulman sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 18th. The shares were sold at an average price of $245.55, for a total value of $2,455,500.00. Also, EVP Mark Britto sold 9,000 shares of PayPal stock in a transaction dated Friday, April 30th. The stock was sold at an average price of $264.40, for a total value of $2,379,600.00. Following the transaction, the executive vice president now owns 129,984 shares of the company’s stock, valued at approximately $34,367,769.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,042 shares of company stock valued at $14,291,699. Company insiders own 0.10% of the company’s stock.

Several analysts have recently weighed in on the stock. Morgan Stanley raised their price objective on shares of PayPal from $329.00 to $337.00 and gave the stock an “overweight” rating in a report on Thursday, May 6th. BMO Capital Markets raised their price objective on shares of PayPal from $241.00 to $256.00 and gave the stock a “market perform” rating in a report on Friday, May 7th. Zacks Investment Research raised shares of PayPal from a “hold” rating to a “buy” rating and set a $263.00 price objective for the company in a report on Wednesday, May 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $360.00 price objective (up previously from $310.00) on shares of PayPal in a report on Thursday, July 8th. Finally, Susquehanna Bancshares upped their price target on shares of PayPal from $330.00 to $360.00 and gave the stock a “positive” rating in a research report on Wednesday, July 14th. Five research analysts have rated the stock with a hold rating and thirty-four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $308.00.

Shares of NASDAQ:PYPL traded up $1.62 during trading on Thursday, hitting $303.39. 153,773 shares of the company’s stock traded hands, compared to its average volume of 5,163,249. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46. The firm has a 50-day simple moving average of $275.80. PayPal Holdings, Inc. has a 52 week low of $169.08 and a 52 week high of $309.14. The firm has a market cap of $356.40 billion, a P/E ratio of 68.74, a price-to-earnings-growth ratio of 3.85 and a beta of 1.16.

PayPal (NASDAQ:PYPL) last announced its earnings results on Wednesday, May 5th. The credit services provider reported $1.22 EPS for the quarter, topping the consensus estimate of $1.01 by $0.21. The firm had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $5.90 billion. PayPal had a net margin of 22.80% and a return on equity of 20.21%. During the same period last year, the company posted $0.66 EPS. Equities analysts forecast that PayPal Holdings, Inc. will post 3.51 EPS for the current year.

About PayPal

PayPal Holdings, Inc engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The firm manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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