Banco de Sabadell S.A Has $1.16 Million Position in Paypal Holdings Inc (PYPL)

Banco de Sabadell S.A boosted its stake in Paypal Holdings Inc (NASDAQ:PYPL) by 25.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,985 shares of the credit services provider’s stock after acquiring an additional 2,800 shares during the period. Banco de Sabadell S.A’s holdings in Paypal were worth $1,159,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Weatherly Asset Management L. P. boosted its holdings in Paypal by 0.8% in the second quarter. Weatherly Asset Management L. P. now owns 87,418 shares of the credit services provider’s stock valued at $7,279,000 after acquiring an additional 656 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in Paypal by 18.9% in the second quarter. Canada Pension Plan Investment Board now owns 1,434,018 shares of the credit services provider’s stock valued at $119,411,000 after acquiring an additional 227,908 shares during the last quarter. Allen Investment Management LLC boosted its holdings in Paypal by 41.5% in the second quarter. Allen Investment Management LLC now owns 20,577 shares of the credit services provider’s stock valued at $1,713,000 after acquiring an additional 6,039 shares during the last quarter. Hemenway Trust Co LLC boosted its holdings in Paypal by 171.8% in the second quarter. Hemenway Trust Co LLC now owns 63,920 shares of the credit services provider’s stock valued at $5,323,000 after acquiring an additional 40,405 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its holdings in Paypal by 0.8% in the second quarter. Great West Life Assurance Co. Can now owns 884,646 shares of the credit services provider’s stock valued at $73,703,000 after acquiring an additional 7,369 shares during the last quarter. Institutional investors and hedge funds own 79.66% of the company’s stock.

PYPL has been the topic of several recent analyst reports. Credit Suisse Group boosted their price target on Paypal from $85.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, May 18th. Craig Hallum set a $93.00 price target on Paypal and gave the company a “buy” rating in a research note on Friday, May 18th. UBS Group reissued a “buy” rating and issued a $90.00 price target on shares of Paypal in a research note on Friday, May 18th. KeyCorp boosted their price target on Paypal from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Tuesday, May 22nd. Finally, BidaskClub raised Paypal from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 23rd. Seven analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $89.54.

In related news, COO William J. Ready sold 38,878 shares of the stock in a transaction on Friday, July 27th. The stock was sold at an average price of $88.22, for a total value of $3,429,817.16. Following the completion of the sale, the chief operating officer now directly owns 119,215 shares of the company’s stock, valued at approximately $10,517,147.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel H. Schulman sold 26,000 shares of the stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $82.46, for a total value of $2,143,960.00. Following the completion of the sale, the insider now directly owns 338,506 shares of the company’s stock, valued at $27,913,204.76. The disclosure for this sale can be found here. Insiders have sold 149,732 shares of company stock worth $13,044,257 over the last ninety days. 0.20% of the stock is owned by insiders.

Shares of NASDAQ:PYPL opened at $92.19 on Friday. Paypal Holdings Inc has a twelve month low of $61.71 and a twelve month high of $93.70. The company has a market cap of $108.22 billion, a PE ratio of 66.32, a PEG ratio of 3.02 and a beta of 1.30.

Paypal (NASDAQ:PYPL) last issued its earnings results on Wednesday, July 25th. The credit services provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.17. Paypal had a return on equity of 12.91% and a net margin of 14.02%. The company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same period in the prior year, the firm earned $0.46 earnings per share. Paypal’s revenue for the quarter was up 23.0% on a year-over-year basis. research analysts predict that Paypal Holdings Inc will post 1.72 EPS for the current fiscal 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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