PayPal Holdings, Inc. (PYPL) Shares Bought by Pitcairn Co.
Pitcairn Co. raised its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,984 shares of the company’s stock after buying an additional 1,992 shares during the period. Pitcairn Co.’s holdings in PayPal Holdings were worth $2,763,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD increased its stake in PayPal Holdings by 128.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 76,139,003 shares of the company’s stock worth $3,119,415,000 after buying an additional 42,783,928 shares during the last quarter. M&T Bank Corp increased its stake in PayPal Holdings by 394.9% in the third quarter. M&T Bank Corp now owns 8,809,522 shares of the company’s stock worth $360,926,000 after buying an additional 7,029,543 shares during the last quarter. Fundsmith LLP increased its stake in PayPal Holdings by 114.2% in the second quarter. Fundsmith LLP now owns 9,896,155 shares of the company’s stock worth $361,309,000 after buying an additional 5,276,062 shares during the last quarter. Coatue Management LLC increased its stake in PayPal Holdings by 107.1% in the second quarter. Coatue Management LLC now owns 8,983,256 shares of the company’s stock worth $327,979,000 after buying an additional 4,645,171 shares during the last quarter. Finally, Winslow Capital Management LLC increased its stake in PayPal Holdings by 53.5% in the third quarter. Winslow Capital Management LLC now owns 10,060,110 shares of the company’s stock worth $412,163,000 after buying an additional 3,505,881 shares during the last quarter. Institutional investors own 81.22% of the company’s stock.
PayPal Holdings, Inc. (NASDAQ:PYPL) opened at 42.15 on Friday. The stock’s 50 day moving average is $40.87 and its 200 day moving average is $39.87. PayPal Holdings, Inc. has a 12 month low of $34.00 and a 12 month high of $44.52. The company has a market cap of $50.90 billion, a PE ratio of 36.65 and a beta of 0.91.
PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings results on Thursday, January 26th. The company reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.98 billion. PayPal Holdings had a net margin of 12.92% and a return on equity of 10.69%. PayPal Holdings’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 EPS. Equities analysts predict that PayPal Holdings, Inc. will post $1.72 earnings per share for the current year.
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PYPL has been the subject of a number of research analyst reports. Jefferies Group LLC restated a “buy” rating and set a $52.00 price objective on shares of PayPal Holdings in a report on Thursday, December 1st. Deutsche Bank AG restated a “buy” rating and set a $52.00 price objective on shares of PayPal Holdings in a report on Friday, October 21st. Vetr downgraded PayPal Holdings from a “strong-buy” rating to a “buy” rating and set a $46.45 price objective for the company. in a report on Tuesday, November 8th. Zacks Investment Research upgraded PayPal Holdings from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a report on Friday, January 13th. Finally, Goldman Sachs Group, Inc. (The) upped their price objective on PayPal Holdings from $49.00 to $50.00 and gave the stock a “conviction-buy” rating in a report on Friday, January 27th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. PayPal Holdings presently has a consensus rating of “Buy” and an average target price of $45.50.
In other news, EVP Gary J. Marino sold 1,729 shares of the firm’s stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $39.29, for a total transaction of $67,932.41. Following the transaction, the executive vice president now owns 44,802 shares in the company, valued at approximately $1,760,270.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.00% of the stock is currently owned by company insiders.
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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