Forsta AP Fonden raised its position in Paypal Holdings Inc (NASDAQ:PYPL) by 38.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 189,500 shares of the credit services provider’s stock after acquiring an additional 53,000 shares during the quarter. Paypal makes up 1.2% of Forsta AP Fonden’s portfolio, making the stock its 12th biggest holding. Forsta AP Fonden’s holdings in Paypal were worth $37,337,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Bremer Bank National Association raised its stake in shares of Paypal by 2.5% in the third quarter. Bremer Bank National Association now owns 9,669 shares of the credit services provider’s stock worth $1,905,000 after buying an additional 233 shares during the period. Truadvice LLC bought a new position in shares of Paypal in the third quarter worth about $464,000. Great Valley Advisor Group Inc. raised its stake in shares of Paypal by 4.5% in the third quarter. Great Valley Advisor Group Inc. now owns 6,405 shares of the credit services provider’s stock worth $1,261,000 after buying an additional 277 shares during the period. First Heartland Consultants Inc. bought a new position in shares of Paypal in the third quarter worth about $659,000. Finally, Franklin Street Advisors Inc. NC raised its stake in shares of Paypal by 0.5% in the third quarter. Franklin Street Advisors Inc. NC now owns 177,348 shares of the credit services provider’s stock worth $34,943,000 after buying an additional 950 shares during the period. 83.43% of the stock is currently owned by institutional investors.

In related news, EVP Mark Britto sold 9,000 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $193.68, for a total value of $1,743,120.00. Following the completion of the transaction, the executive vice president now owns 89,886 shares of the company’s stock, valued at approximately $17,409,120.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Daniel H. Schulman sold 25,000 shares of the company’s stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $183.82, for a total value of $4,595,500.00. Following the completion of the transaction, the chief executive officer now directly owns 469,603 shares of the company’s stock, valued at approximately $86,322,423.46. The disclosure for this sale can be found here. Insiders sold 114,409 shares of company stock worth $22,178,495 in the last 90 days. Company insiders own 0.12% of the company’s stock.

Several brokerages recently issued reports on PYPL. Jefferies Financial Group lifted their target price on Paypal from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Credit Suisse Group lifted their target price on Paypal from $190.00 to $205.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. SunTrust Banks lifted their target price on Paypal from $140.00 to $215.00 and gave the company a “hold” rating in a research note on Thursday, July 30th. KeyCorp raised their price target on Paypal from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, October 8th. Finally, Barclays raised their price target on Paypal from $228.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday. Six investment analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has given a strong buy rating to the stock. Paypal has a consensus rating of “Buy” and an average target price of $198.27.

Shares of PYPL traded down $0.89 during mid-day trading on Friday, reaching $203.04. The company had a trading volume of 6,644,745 shares, compared to its average volume of 7,292,775. Paypal Holdings Inc has a 52-week low of $82.07 and a 52-week high of $215.83. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $238.23 billion, a P/E ratio of 93.14, a PEG ratio of 3.42 and a beta of 1.11. The stock has a 50 day moving average of $192.44 and a two-hundred day moving average of $168.13.

Paypal (NASDAQ:PYPL) last issued its earnings results on Wednesday, July 29th. The credit services provider reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.46. Paypal had a return on equity of 16.17% and a net margin of 13.44%. The firm had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the prior year, the business earned $0.86 earnings per share. The company’s revenue was up 22.0% compared to the same quarter last year. On average, sell-side analysts expect that Paypal Holdings Inc will post 2.76 earnings per share for the current year.

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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