Tiaa Fsb lifted its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 16.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 164,371 shares of the credit services provider’s stock after purchasing an additional 23,775 shares during the period. Tiaa Fsb’s holdings in Paypal were worth $17,028,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Paypal by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 89,109,876 shares of the credit services provider’s stock valued at $10,199,516,000 after acquiring an additional 1,274,702 shares during the period. FMR LLC increased its position in Paypal by 3.8% during the 1st quarter. FMR LLC now owns 82,843,184 shares of the credit services provider’s stock worth $8,602,436,000 after buying an additional 3,002,568 shares during the period. BlackRock Inc. increased its position in Paypal by 1.6% during the 2nd quarter. BlackRock Inc. now owns 74,983,829 shares of the credit services provider’s stock worth $8,582,649,000 after buying an additional 1,194,180 shares during the period. Invesco Ltd. increased its position in Paypal by 37.9% during the 2nd quarter. Invesco Ltd. now owns 20,557,665 shares of the credit services provider’s stock worth $2,353,030,000 after buying an additional 5,654,831 shares during the period. Finally, Nuveen Asset Management LLC increased its position in Paypal by 6,747.4% during the 2nd quarter. Nuveen Asset Management LLC now owns 18,861,956 shares of the credit services provider’s stock worth $2,158,939,000 after buying an additional 18,586,493 shares during the period. Institutional investors own 80.53% of the company’s stock.

In other news, EVP Aaron Karczmer sold 3,110 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $115.71, for a total transaction of $359,858.10. Following the completion of the transaction, the executive vice president now directly owns 15,041 shares in the company, valued at $1,740,394.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jonathan Auerbach sold 2,024 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $106.07, for a total value of $214,685.68. Following the transaction, the executive vice president now owns 118,844 shares of the company’s stock, valued at $12,605,783.08. The disclosure for this sale can be found here. Insiders sold 132,417 shares of company stock valued at $14,511,700 over the last quarter. Corporate insiders own 0.15% of the company’s stock.

NASDAQ:PYPL traded up $0.81 during trading hours on Wednesday, hitting $100.14. The company’s stock had a trading volume of 739,359 shares, compared to its average volume of 6,747,960. The stock has a fifty day simple moving average of $105.71 and a 200-day simple moving average of $109.75. The company has a market capitalization of $120.95 billion, a P/E ratio of 55.94, a PEG ratio of 2.32 and a beta of 0.96. Paypal Holdings Inc has a twelve month low of $74.66 and a twelve month high of $121.48.

Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, July 24th. The credit services provider reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.12. The business had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.33 billion. Paypal had a return on equity of 17.14% and a net margin of 15.36%. Paypal’s revenue was up 11.7% compared to the same quarter last year. During the same period last year, the firm posted $0.58 earnings per share. Equities research analysts forecast that Paypal Holdings Inc will post 2.41 EPS for the current fiscal year.

Several research firms have weighed in on PYPL. UBS Group set a $120.00 price objective on Paypal and gave the stock a “hold” rating in a research report on Tuesday, September 24th. Morgan Stanley set a $129.00 price objective on Paypal and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Oppenheimer increased their price objective on Paypal from $116.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Craig Hallum increased their price objective on Paypal from $125.00 to $140.00 and gave the stock a “positive” rating in a research report on Thursday, July 25th. Finally, Canaccord Genuity upgraded Paypal from a “hold” rating to a “buy” rating and increased their price objective for the stock from $110.00 to $118.00 in a research report on Thursday, September 12th. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $122.17.

About Paypal

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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