Gulf International Bank UK Ltd Sells 2,600 Shares of PayPal (PYPL)

Gulf International Bank UK Ltd reduced its holdings in shares of PayPal (NASDAQ:PYPL) by 0.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 356,780 shares of the credit services provider’s stock after selling 2,600 shares during the period. Gulf International Bank UK Ltd’s holdings in PayPal were worth $27,068,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. King Luther Capital Management Corp raised its holdings in PayPal by 0.8% in the first quarter. King Luther Capital Management Corp now owns 2,081,082 shares of the credit services provider’s stock worth $157,892,000 after buying an additional 16,400 shares during the last quarter. Cornerstone Capital Inc. raised its holdings in PayPal by 19.7% in the first quarter. Cornerstone Capital Inc. now owns 38,263 shares of the credit services provider’s stock worth $2,903,000 after buying an additional 6,300 shares during the last quarter. Douglass Winthrop Advisors LLC raised its holdings in PayPal by 9.7% in the first quarter. Douglass Winthrop Advisors LLC now owns 309,023 shares of the credit services provider’s stock worth $23,446,000 after buying an additional 27,393 shares during the last quarter. Penserra Capital Management LLC raised its holdings in PayPal by 6.2% in the first quarter. Penserra Capital Management LLC now owns 203,685 shares of the credit services provider’s stock worth $15,451,000 after buying an additional 11,835 shares during the last quarter. Finally, Meridian Wealth Management LLC raised its holdings in PayPal by 133.6% in the first quarter. Meridian Wealth Management LLC now owns 10,457 shares of the credit services provider’s stock worth $793,000 after buying an additional 5,981 shares during the last quarter. 80.88% of the stock is owned by institutional investors.

Several research analysts have issued reports on PYPL shares. Sanford C. Bernstein began coverage on shares of PayPal in a report on Tuesday, March 27th. They issued a “market perform” rating and a $82.00 target price for the company. Nomura lifted their price target on shares of PayPal to $97.00 and gave the stock a “buy” rating in a research note on Thursday, March 15th. Credit Suisse Group reduced their price target on shares of PayPal from $91.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, February 14th. Zacks Investment Research lowered shares of PayPal from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. Finally, Guggenheim reiterated a “buy” rating on shares of PayPal in a research note on Thursday, February 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirty-five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $81.34.

In other PayPal news, EVP Adele Louise Pentland sold 16,778 shares of the company’s stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $77.76, for a total value of $1,304,657.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO William J. Ready sold 72,000 shares of the company’s stock in a transaction that occurred on Friday, April 27th. The stock was sold at an average price of $75.32, for a total transaction of $5,423,040.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 201,964 shares of company stock valued at $15,385,614. Company insiders own 0.20% of the company’s stock.

PayPal opened at $80.79 on Friday, according to MarketBeat Ratings. The company has a market capitalization of $95.93 billion, a price-to-earnings ratio of 52.12, a PEG ratio of 2.67 and a beta of 1.28. PayPal has a 1-year low of $49.06 and a 1-year high of $86.32.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, April 25th. The credit services provider reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. The business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.59 billion. PayPal had a net margin of 13.92% and a return on equity of 12.35%. The company’s revenue was up 23.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 earnings per share. sell-side analysts anticipate that PayPal will post 1.71 EPS for the current year.

PayPal Profile

PayPal Holdings, Inc operates as a technology platform 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 Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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