Paypal Holdings Inc (PYPL) Position Trimmed by Livforsakringsbolaget Skandia Omsesidigt
Livforsakringsbolaget Skandia Omsesidigt decreased its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 24.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,326 shares of the credit services provider’s stock after selling 5,500 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Paypal were worth $1,276,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. FMR LLC increased its position in Paypal by 36.1% during the second quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock worth $4,415,371,000 after buying an additional 21,814,940 shares during the period. Jennison Associates LLC acquired a new position in Paypal during the third quarter worth approximately $481,937,000. Harding Loevner LP increased its position in Paypal by 86.1% during the third quarter. Harding Loevner LP now owns 11,353,818 shares of the credit services provider’s stock worth $381,030,000 after buying an additional 5,253,746 shares during the period. Capital World Investors increased its position in Paypal by 313.5% during the second quarter. Capital World Investors now owns 6,151,049 shares of the credit services provider’s stock worth $330,127,000 after buying an additional 4,663,337 shares during the period. Finally, Janus Henderson Group PLC increased its position in Paypal by 1,064.7% during the second quarter. Janus Henderson Group PLC now owns 4,861,493 shares of the credit services provider’s stock worth $260,921,000 after buying an additional 4,444,097 shares during the period. Hedge funds and other institutional investors own 81.90% of the company’s stock.
Shares of Paypal Holdings Inc (PYPL) opened at $83.84 on Friday. Paypal Holdings Inc has a 12-month low of $39.02 and a 12-month high of $84.19. The stock has a market capitalization of $99,686.42, a price-to-earnings ratio of 64.99, a PEG ratio of 2.69 and a beta of 1.03.
Paypal (NASDAQ:PYPL) last issued its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.03. Paypal had a return on equity of 11.33% and a net margin of 12.69%. The business had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same period in the prior year, the business earned $0.35 earnings per share. The business’s revenue was up 21.4% on a year-over-year basis. analysts forecast that Paypal Holdings Inc will post 1.37 EPS for the current fiscal year.
In related news, Director Rodney C. Adkins acquired 6,750 shares of Paypal stock in a transaction dated Friday, December 8th. The shares were acquired at an average cost of $74.04 per share, for a total transaction of $499,770.00. Following the completion of the transaction, the director now directly owns 10,149 shares of the company’s stock, valued at $751,431.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 6.00% of the stock is owned by corporate insiders.
PYPL has been the topic of several research analyst reports. Zacks Investment Research lowered Paypal from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $66.00 price target on shares of Paypal in a research report on Wednesday, September 27th. Susquehanna Bancshares reaffirmed a “positive” rating and set a $75.00 price target (up previously from $67.00) on shares of Paypal in a research report on Friday, September 29th. Robert W. Baird reaffirmed a “buy” rating and set a $65.00 price target on shares of Paypal in a research report on Friday, September 29th. Finally, Buckingham Research initiated coverage on Paypal in a research report on Monday, October 2nd. They set a “buy” rating and a $74.00 price target on the stock. Ten analysts have rated the stock with a hold rating, thirty-three have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $76.55.
PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.
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