AMP Capital Investors Ltd reduced its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 28.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 640,004 shares of the credit services provider’s stock after selling 249,288 shares during the period. AMP Capital Investors Ltd owned approximately 0.05% of Paypal worth $40,981,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in PYPL. FMR LLC boosted its stake in shares of Paypal by 36.1% during the 2nd quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock worth $4,415,371,000 after acquiring an additional 21,814,940 shares in the last quarter. Jennison Associates LLC purchased a new stake in shares of Paypal during the 3rd quarter worth about $481,937,000. Harding Loevner LP boosted its stake in shares of Paypal by 86.1% during the 3rd 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 boosted its stake in shares of Paypal by 313.5% during the 2nd 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 boosted its stake in shares of 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 worth $260,921,000 after acquiring an additional 4,444,097 shares in the last quarter. 80.81% of the stock is currently owned by institutional investors.
Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of Paypal from $65.00 to $70.00 and gave the stock a “market perform” rating in a research note on Friday, October 20th. Craig Hallum set a $93.00 target price on shares of Paypal and gave the stock a “buy” rating in a research note on Monday, November 20th. Loop Capital increased their target price on shares of Paypal from $57.00 to $67.00 and gave the stock a “hold” rating in a research note on Friday, October 20th. Vetr raised shares of Paypal from a “hold” rating to a “buy” rating and set a $79.66 target price on the stock in a research note on Monday, November 20th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $66.00 target price (up from $61.00) on shares of Paypal in a research note on Tuesday, September 5th. Ten equities research analysts have rated the stock with a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $73.25.
Shares of Paypal Holdings Inc (PYPL) opened at $73.14 on Thursday. The company has a market cap of $85,575.99, a PE ratio of 50.86, a price-to-earnings-growth ratio of 2.92 and a beta of 1.03. Paypal Holdings Inc has a 1-year low of $38.80 and a 1-year high of $79.39.
Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.03. The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.18 billion. Paypal had a net margin of 12.69% and a return on equity of 11.33%. Paypal’s quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 EPS. research analysts expect that Paypal Holdings Inc will post 1.37 earnings per share for the current year.
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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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