Norinchukin Bank The grew its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 147,607 shares of the credit services provider’s stock after buying an additional 6,114 shares during the period. Norinchukin Bank The’s holdings in Paypal were worth $10,867,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Cigna Investments Inc. New boosted its holdings in shares of Paypal by 1.4% during the fourth quarter. Cigna Investments Inc. New now owns 47,106 shares of the credit services provider’s stock worth $3,468,000 after purchasing an additional 641 shares during the last quarter. Waldron LP boosted its holdings in shares of Paypal by 16.9% during the fourth quarter. Waldron LP now owns 4,467 shares of the credit services provider’s stock worth $328,000 after purchasing an additional 646 shares during the last quarter. Cetera Advisors LLC boosted its holdings in shares of Paypal by 14.3% during the third quarter. Cetera Advisors LLC now owns 5,449 shares of the credit services provider’s stock worth $346,000 after purchasing an additional 682 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in shares of Paypal by 13.8% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,760 shares of the credit services provider’s stock worth $424,000 after purchasing an additional 700 shares during the last quarter. Finally, Bfsg LLC boosted its holdings in shares of Paypal by 19.2% during the fourth quarter. Bfsg LLC now owns 4,479 shares of the credit services provider’s stock worth $330,000 after purchasing an additional 722 shares during the last quarter. 82.48% of the stock is owned by institutional investors.
Several research firms have recently issued reports on PYPL. Credit Suisse Group decreased their price objective on Paypal from $91.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, February 14th. Zacks Investment Research cut Paypal from a “buy” rating to a “hold” rating in a report on Monday, February 5th. Wells Fargo & Co upgraded Paypal from a “market perform” rating to an “outperform” rating and set a $70.00 price objective on the stock in a report on Monday, February 5th. Vetr upgraded Paypal from a “hold” rating to a “buy” rating and set a $86.65 price objective on the stock in a report on Thursday, February 1st. Finally, Citigroup restated a “buy” rating and set a $90.00 price objective on shares of Paypal in a report on Thursday, February 1st. Nine research 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 company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $76.97.
Shares of Paypal Holdings Inc (PYPL) opened at $77.70 on Friday. Paypal Holdings Inc has a 52-week low of $41.74 and a 52-week high of $86.32. The stock has a market capitalization of $91,824.25, a PE ratio of 52.40, a PEG ratio of 2.45 and a beta of 1.18.
Paypal (NASDAQ:PYPL) last announced its earnings results on Wednesday, January 31st. The credit services provider reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.03. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.64 billion. Paypal had a return on equity of 11.59% and a net margin of 13.71%. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.42 earnings per share. analysts predict that Paypal Holdings Inc will post 1.75 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “Norinchukin Bank The Buys 6,114 Shares of Paypal Holdings Inc (PYPL)” was originally published by Week Herald and is the sole property of of Week Herald. If you are reading this article on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The legal version of this article can be read at https://weekherald.com/2018/02/23/norinchukin-bank-the-buys-6114-shares-of-paypal-holdings-inc-pypl.html.
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.
Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Paypal Holdings Inc (NASDAQ:PYPL).
Receive News & Ratings for Paypal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paypal and related companies with MarketBeat.com's FREE daily email newsletter.