Paypal Holdings Inc (PYPL) Shares Sold by TCW Group Inc.

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TCW Group Inc. reduced its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,847,429 shares of the credit services provider’s stock after selling 25,203 shares during the period. Paypal comprises about 1.3% of TCW Group Inc.’s holdings, making the stock its 20th largest holding. TCW Group Inc. owned about 0.16% of Paypal worth $162,279,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. raised its stake in shares of Paypal by 50.8% in the second quarter. Itau Unibanco Holding S.A. now owns 1,722 shares of the credit services provider’s stock valued at $142,000 after acquiring an additional 580 shares in the last quarter. M&R Capital Management Inc. raised its stake in shares of Paypal by 10.5% in the second quarter. M&R Capital Management Inc. now owns 6,180 shares of the credit services provider’s stock valued at $514,000 after acquiring an additional 585 shares in the last quarter. Asset Dedication LLC raised its stake in Paypal by 11.1% in the third quarter. Asset Dedication LLC now owns 5,858 shares of the credit services provider’s stock valued at $517,000 after buying an additional 586 shares in the last quarter. Twin Capital Management Inc. raised its stake in Paypal by 1.0% in the second quarter. Twin Capital Management Inc. now owns 58,010 shares of the credit services provider’s stock valued at $4,830,000 after buying an additional 600 shares in the last quarter. Finally, Bremer Trust National Association raised its stake in Paypal by 4.5% in the second quarter. Bremer Trust National Association now owns 13,952 shares of the credit services provider’s stock valued at $1,162,000 after buying an additional 605 shares in the last quarter. Institutional investors and hedge funds own 79.55% of the company’s stock.

In other Paypal news, Director John J. Donahoe sold 139,290 shares of Paypal stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $82.51, for a total value of $11,492,817.90. Following the sale, the director now owns 125,136 shares of the company’s stock, valued at approximately $10,324,971.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jonathan Auerbach sold 4,684 shares of Paypal stock in a transaction that occurred on Friday, October 26th. The shares were sold at an average price of $83.81, for a total value of $392,566.04. Following the completion of the sale, the executive vice president now directly owns 97,433 shares in the company, valued at approximately $8,165,859.73. The disclosure for this sale can be found here. In the last three months, insiders have sold 352,746 shares of company stock worth $29,754,027. Corporate insiders own 0.20% of the company’s stock.

PYPL has been the topic of a number of analyst reports. Berenberg Bank initiated coverage on Paypal in a research note on Thursday, August 30th. They issued a “buy” rating and a $104.00 price target on the stock. Nomura cut their price target on Paypal from $120.00 to $103.00 and set a “buy” rating on the stock in a research note on Thursday, October 11th. Zacks Investment Research upgraded Paypal from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research note on Tuesday, September 25th. BTIG Research upgraded Paypal from a “neutral” rating to a “buy” rating and raised their price target for the company from $81.00 to $95.00 in a research note on Friday, October 19th. Finally, BMO Capital Markets raised their price target on Paypal from $112.00 to $119.00 and gave the company an “outperform” rating in a research note on Friday, October 19th. Seven equities research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $93.93.

NASDAQ PYPL opened at $84.19 on Thursday. Paypal Holdings Inc has a 52-week low of $68.61 and a 52-week high of $93.70. The stock has a market cap of $95.33 billion, a P/E ratio of 60.57, a P/E/G ratio of 2.54 and a beta of 1.31.

Paypal (NASDAQ:PYPL) last released its quarterly earnings results on Thursday, October 18th. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.04. Paypal had a return on equity of 13.60% and a net margin of 13.98%. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same quarter last year, the company posted $0.46 earnings per share. The business’s revenue was up 13.7% on a year-over-year basis. As a group, analysts expect that Paypal Holdings Inc will post 1.79 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.

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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