Fmr LLC Has $8.60 Billion Position in Paypal Holdings Inc (NASDAQ:PYPL)

Fmr LLC increased its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 3.8% in the first quarter, HoldingsChannel reports. The firm owned 82,843,184 shares of the credit services provider’s stock after acquiring an additional 3,002,568 shares during the quarter. Paypal comprises 1.0% of Fmr LLC’s holdings, making the stock its 16th largest position. Fmr LLC owned about 0.07% of Paypal worth $8,602,436,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Truehand Inc acquired a new position in Paypal in the fourth quarter valued at $25,000. Bruderman Asset Management LLC acquired a new position in Paypal in the fourth quarter valued at $27,000. Semmax Financial Advisors Inc. boosted its stake in Paypal by 630.2% in the first quarter. Semmax Financial Advisors Inc. now owns 314 shares of the credit services provider’s stock valued at $33,000 after acquiring an additional 271 shares in the last quarter. Karp Capital Management Corp acquired a new position in Paypal in the fourth quarter valued at $37,000. Finally, Virtus ETF Advisers LLC boosted its stake in Paypal by 33.7% in the fourth quarter. Virtus ETF Advisers LLC now owns 448 shares of the credit services provider’s stock valued at $38,000 after acquiring an additional 113 shares in the last quarter. Hedge funds and other institutional investors own 80.87% of the company’s stock.

Shares of PYPL stock traded up $0.79 during trading hours on Monday, hitting $116.96. The company’s stock had a trading volume of 815,203 shares, compared to its average volume of 5,272,576. The firm has a market capitalization of $136.49 billion, a PE ratio of 65.34, a P/E/G ratio of 2.90 and a beta of 1.02. Paypal Holdings Inc has a twelve month low of $74.66 and a twelve month high of $117.45.

Paypal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, April 24th. The credit services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.47 by $0.11. The business had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.13 billion. Paypal had a net margin of 13.92% and a return on equity of 15.50%. The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.57 earnings per share. Sell-side analysts expect that Paypal Holdings Inc will post 2.24 EPS for the current year.

PYPL has been the subject of a number of research reports. Nomura upped their target price on shares of Paypal from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, February 28th. BTIG Research upped their target price on shares of Paypal to $114.00 and gave the company a “buy” rating in a report on Tuesday, February 19th. Zacks Investment Research raised shares of Paypal from a “hold” rating to a “buy” rating and set a $116.00 target price for the company in a report on Tuesday, April 2nd. Bank of America reaffirmed a “buy” rating and issued a $116.00 target price (up from $102.00) on shares of Paypal in a report on Friday, March 15th. Finally, BidaskClub cut shares of Paypal from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 24th. Ten analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $108.66.

In related news, COO William J. Ready sold 46,038 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $108.77, for a total transaction of $5,007,553.26. Following the sale, the chief operating officer now owns 88,098 shares in the company, valued at $9,582,419.46. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Adele Louise Pentland sold 11,520 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $109.07, for a total transaction of $1,256,486.40. Following the sale, the executive vice president now owns 63,408 shares in the company, valued at approximately $6,915,910.56. The disclosure for this sale can be found here. Insiders sold 180,714 shares of company stock worth $19,911,348 over the last quarter. Company insiders own 0.15% of the company’s stock.

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Paypal 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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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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