Grandfield & Dodd LLC lowered its holdings in Paypal Holdings Inc (NASDAQ:PYPL) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 273,825 shares of the credit services provider’s stock after selling 1,251 shares during the period. Paypal accounts for 2.7% of Grandfield & Dodd LLC’s investment portfolio, making the stock its 8th biggest position. Grandfield & Dodd LLC’s holdings in Paypal were worth $23,026,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PYPL. Oregon Public Employees Retirement Fund grew its position in shares of Paypal by 7,419.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 19,412,765 shares of the credit services provider’s stock valued at $231,000 after purchasing an additional 19,154,611 shares during the period. Morgan Stanley grew its position in shares of Paypal by 57.3% in the third quarter. Morgan Stanley now owns 10,450,968 shares of the credit services provider’s stock valued at $918,012,000 after purchasing an additional 3,805,346 shares during the period. FMR LLC grew its position in shares of Paypal by 4.2% in the third quarter. FMR LLC now owns 80,780,079 shares of the credit services provider’s stock valued at $7,095,722,000 after purchasing an additional 3,283,378 shares during the period. Vanguard Group Inc grew its position in shares of Paypal by 3.7% in the third quarter. Vanguard Group Inc now owns 86,484,524 shares of the credit services provider’s stock valued at $7,596,801,000 after purchasing an additional 3,056,620 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Paypal by 3.7% in the third quarter. Vanguard Group Inc. now owns 86,484,524 shares of the credit services provider’s stock valued at $7,596,801,000 after purchasing an additional 3,056,620 shares during the period. 81.80% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently commented on PYPL. Bank of America reaffirmed a “buy” rating and issued a $116.00 price objective (up previously from $102.00) on shares of Paypal in a research report on Friday. Zacks Investment Research downgraded Paypal from a “hold” rating to a “sell” rating in a research report on Tuesday. BidaskClub raised Paypal from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 9th. Nomura lifted their price objective on Paypal from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, February 28th. Finally, Buckingham Research downgraded Paypal from a “buy” rating to a “neutral” rating and set a $99.00 price objective for the company. in a research report on Monday, February 25th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $98.47.

In other Paypal news, CEO Daniel H. Schulman sold 22,764 shares of the business’s stock in a transaction dated Thursday, December 27th. The stock was sold at an average price of $81.41, for a total transaction of $1,853,217.24. Following the transaction, the chief executive officer now owns 312,590 shares in the company, valued at $25,447,951.90. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Daniel H. Schulman sold 30,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $96.09, for a total value of $2,882,700.00. Following the transaction, the insider now owns 532,140 shares in the company, valued at approximately $51,133,332.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 325,823 shares of company stock worth $30,176,386. 0.20% of the stock is currently owned by insiders.

PYPL stock opened at $100.73 on Friday. Paypal Holdings Inc has a 12-month low of $70.22 and a 12-month high of $101.26. The stock has a market cap of $118.18 billion, a price-to-earnings ratio of 56.27, a PEG ratio of 2.54 and a beta of 1.03.

Paypal (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, January 30th. The credit services provider reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.02. Paypal had a return on equity of 14.67% and a net margin of 13.31%. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.23 billion. During the same quarter in the previous year, the business earned $0.55 earnings per share. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. As a group, equities research analysts forecast that Paypal Holdings Inc will post 2.14 EPS for the current year.

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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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