First Trust Advisors LP lifted its stake in Paypal Holdings Inc (NASDAQ:PYPL) by 0.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,449,765 shares of the credit services provider’s stock after acquiring an additional 6,010 shares during the period. Paypal makes up 1.0% of First Trust Advisors LP’s portfolio, making the stock its 8th largest holding. First Trust Advisors LP owned approximately 0.45% of Paypal worth $401,212,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. AXA grew its stake in shares of Paypal by 68.4% in the third quarter. AXA now owns 382,248 shares of the credit services provider’s stock worth $24,475,000 after acquiring an additional 155,268 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in Paypal by 0.7% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 188,272 shares of the credit services provider’s stock worth $12,055,000 after buying an additional 1,400 shares in the last quarter. Rhumbline Advisers boosted its stake in Paypal by 1.2% during the third quarter. Rhumbline Advisers now owns 1,871,868 shares of the credit services provider’s stock worth $119,856,000 after buying an additional 21,337 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in Paypal by 19.9% during the third quarter. Teacher Retirement System of Texas now owns 661,322 shares of the credit services provider’s stock worth $42,344,000 after buying an additional 109,681 shares in the last quarter. Finally, Grassi Investment Management boosted its stake in Paypal by 54.5% during the fourth quarter. Grassi Investment Management now owns 4,943 shares of the credit services provider’s stock worth $364,000 after buying an additional 1,743 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.
A number of research firms have weighed in on PYPL. Credit Suisse Group decreased their price target on shares of Paypal from $91.00 to $88.00 and set an “outperform” rating on the stock in a research note on Wednesday. Zacks Investment Research downgraded shares of Paypal from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. Wells Fargo & Co upgraded shares of Paypal from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a research note on Monday, February 5th. Vetr upgraded shares of Paypal from a “hold” rating to a “buy” rating and set a $86.65 price target on the stock in a research note on Thursday, February 1st. Finally, Citigroup reiterated a “buy” rating and set a $90.00 price target on shares of Paypal in a research note on Thursday, February 1st. Nine investment analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $76.97.
Paypal Holdings Inc (NASDAQ:PYPL) opened at $78.37 on Friday. Paypal Holdings Inc has a twelve month low of $41.70 and a twelve month high of $86.32. The stock has a market capitalization of $93,966.53, a PE ratio of 53.63, a P/E/G ratio of 2.50 and a beta of 1.18.
Paypal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. Paypal had a return on equity of 11.59% and a net margin of 13.71%. The business had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same period in the previous year, the business posted $0.42 earnings per share. The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. equities analysts predict that Paypal Holdings Inc will post 1.75 EPS for the current fiscal year.
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Paypal Company Profile
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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