Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its position in Paypal Holdings Inc (NASDAQ:PYPL) by 6.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 298,004 shares of the credit services provider’s stock after selling 20,599 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Paypal were worth $26,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. Whitener Capital Management Inc. purchased a new position in Paypal in the 3rd quarter worth approximately $102,000. Archford Capital Strategies LLC increased its stake in Paypal by 92.6% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,300 shares of the credit services provider’s stock worth $108,000 after purchasing an additional 625 shares during the period. Patton Albertson Miller Group LLC purchased a new position in Paypal in the 3rd quarter worth approximately $126,000. Landaas & Co. WI ADV purchased a new position in Paypal in the 2nd quarter worth approximately $135,000. Finally, Adviser Investments LLC increased its stake in Paypal by 165.3% in the 2nd quarter. Adviser Investments LLC now owns 1,653 shares of the credit services provider’s stock worth $138,000 after purchasing an additional 1,030 shares during the period. Institutional investors own 81.17% of the company’s stock.

A number of equities analysts have commented on PYPL shares. Berenberg Bank started coverage on Paypal in a research note on Thursday, August 30th. They issued a “buy” rating and a $104.00 price target on the stock. Nomura decreased their price target on Paypal from $120.00 to $103.00 and set a “buy” rating on the stock in a research note on Thursday, October 11th. Zacks Investment Research raised Paypal from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research note on Tuesday, September 25th. BTIG Research raised Paypal from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $81.00 to $95.00 in a research note on Friday, October 19th. Finally, BMO Capital Markets lifted their price target on Paypal from $112.00 to $119.00 and gave the stock an “outperform” rating in a research note on Friday, October 19th. Seven analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. Paypal currently has an average rating of “Buy” and a consensus target price of $94.76.

In related news, EVP Jonathan Auerbach sold 4,684 shares of the firm’s stock in a transaction that occurred on Friday, October 26th. The stock was sold at an average price of $83.81, for a total transaction of $392,566.04. Following the completion of the sale, the executive vice president now directly owns 97,433 shares of the company’s stock, valued at approximately $8,165,859.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Adele Louise Pentland sold 8,149 shares of the firm’s stock in a transaction on Monday, October 29th. The stock was sold at an average price of $84.68, for a total value of $690,057.32. Following the transaction, the executive vice president now owns 61,056 shares in the company, valued at $5,170,222.08. The disclosure for this sale can be found here. Insiders have sold a total of 379,755 shares of company stock valued at $32,034,580 over the last three months. 0.20% of the stock is owned by corporate insiders.

Shares of Paypal stock opened at $80.13 on Tuesday. Paypal Holdings Inc has a 12 month low of $68.61 and a 12 month high of $93.70. The company has a market cap of $100.23 billion, a P/E ratio of 57.65, a PEG ratio of 2.60 and a beta of 1.23.

Paypal (NASDAQ:PYPL) last posted its quarterly earnings data on Thursday, October 18th. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.04. Paypal had a return on equity of 13.60% and a net margin of 13.98%. The business had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.66 billion. During the same period last year, the company earned $0.46 EPS. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, equities analysts anticipate that Paypal Holdings Inc will post 1.79 EPS for the current year.

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Paypal Company Profile

PayPal Holdings, Inc operates as a technology platform 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 Paydiant products. The company's platform allows consumers to shop by sending 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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