Swiss National Bank Decreases Stake in Paypal Holdings Inc. (PYPL)
Swiss National Bank lowered its position in shares of Paypal Holdings Inc. (NASDAQ:PYPL) by 1.8% during the third quarter, according to its most recent filing with the SEC. The fund owned 3,029,991 shares of the company’s stock after selling 54,600 shares during the period. Swiss National Bank’s holdings in Paypal Holdings were worth $124,139,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in PYPL. Renaissance Technologies LLC raised its position in Paypal Holdings by 177.4% in the first quarter. Renaissance Technologies LLC now owns 365,900 shares of the company’s stock worth $14,124,000 after buying an additional 234,000 shares in the last quarter. Seven Eight Capital LLC acquired a new position in Paypal Holdings during the first quarter worth approximately $205,000. Boothbay Fund Management LLC acquired a new position in Paypal Holdings during the first quarter worth approximately $262,000. Cullinan Associates Inc. raised its position in Paypal Holdings by 1.9% in the second quarter. Cullinan Associates Inc. now owns 89,800 shares of the company’s stock worth $3,279,000 after buying an additional 1,700 shares in the last quarter. Finally, Patten & Patten Inc. TN raised its position in Paypal Holdings by 22.2% in the second quarter. Patten & Patten Inc. TN now owns 115,197 shares of the company’s stock worth $4,206,000 after buying an additional 20,945 shares in the last quarter. Institutional investors and hedge funds own 79.70% of the company’s stock.
Paypal Holdings Inc. (NASDAQ:PYPL) opened at 39.28 on Thursday. Paypal Holdings Inc. has a 1-year low of $30.52 and a 1-year high of $44.52. The firm’s 50-day moving average price is $40.66 and its 200-day moving average price is $38.81. The company has a market cap of $46.35 billion, a price-to-earnings ratio of 34.76 and a beta of 1.06.
Paypal Holdings (NASDAQ:PYPL) last released its earnings results on Thursday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. The firm earned $2.67 billion during the quarter, compared to analyst estimates of $2.65 billion. Paypal Holdings had a net margin of 13.23% and a return on equity of 10.67%. The business’s revenue was up 18.1% on a year-over-year basis. During the same period last year, the business earned $0.31 earnings per share. Equities research analysts forecast that Paypal Holdings Inc. will post $1.50 EPS for the current fiscal year.
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Several equities research analysts have issued reports on the company. RBC Capital Markets restated an “outperform” rating and issued a $46.00 price target on shares of Paypal Holdings in a report on Wednesday, August 3rd. William Blair restated an “outperform” rating on shares of Paypal Holdings in a report on Friday, October 21st. Vetr downgraded Paypal Holdings from a “buy” rating to a “hold” rating and set a $41.33 price target for the company. in a report on Tuesday, September 13th. Cantor Fitzgerald reiterated a “buy” rating on shares of Paypal Holdings in a report on Sunday, August 28th. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $43.00 price objective on shares of Paypal Holdings in a report on Friday, October 21st. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $45.21.
In other Paypal Holdings news, VP Aaron Anderson sold 2,644 shares of Paypal Holdings stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $41.78, for a total value of $110,466.32. Following the completion of the sale, the vice president now owns 10,043 shares of the company’s stock, valued at approximately $419,596.54. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Gary J. Marino sold 1,726 shares of Paypal Holdings stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $40.87, for a total transaction of $70,541.62. Following the completion of the sale, the executive vice president now directly owns 44,505 shares of the company’s stock, valued at approximately $1,818,919.35. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company’s stock.
About Paypal Holdings
PayPal Holdings, Inc (PayPal) is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants across the world. The Company allows businesses of all sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions.
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