Triodos Investment Management BV trimmed its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 9.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 146,300 shares of the credit services provider’s stock after selling 14,400 shares during the period. Paypal accounts for about 3.8% of Triodos Investment Management BV’s holdings, making the stock its 12th largest holding. Triodos Investment Management BV’s holdings in Paypal were worth $15,155,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Rikoon Group LLC lifted its holdings in shares of Paypal by 0.5% in the 3rd quarter. Rikoon Group LLC now owns 19,993 shares of the credit services provider’s stock valued at $2,071,000 after purchasing an additional 100 shares during the last quarter. Doliver Advisors LP increased its position in Paypal by 27.8% in the 3rd quarter. Doliver Advisors LP now owns 11,474 shares of the credit services provider’s stock valued at $1,189,000 after acquiring an additional 2,495 shares during the period. Eagle Asset Management Inc. increased its position in Paypal by 14.3% in the 3rd quarter. Eagle Asset Management Inc. now owns 11,991 shares of the credit services provider’s stock valued at $1,242,000 after acquiring an additional 1,497 shares during the period. Alps Advisors Inc. increased its position in Paypal by 26.6% in the 3rd quarter. Alps Advisors Inc. now owns 15,258 shares of the credit services provider’s stock valued at $1,580,000 after acquiring an additional 3,209 shares during the period. Finally, Delaney Dennis R increased its position in Paypal by 1.3% in the 3rd quarter. Delaney Dennis R now owns 8,362 shares of the credit services provider’s stock valued at $866,000 after acquiring an additional 110 shares during the period. 81.16% of the stock is owned by institutional investors.
In related news, EVP Jonathan Auerbach sold 2,024 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $106.07, for a total value of $214,685.68. Following the transaction, the executive vice president now directly owns 118,844 shares of the company’s stock, valued at approximately $12,605,783.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Daniel H. Schulman sold 30,000 shares of the stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $104.10, for a total value of $3,123,000.00. Following the completion of the sale, the chief executive officer now owns 437,308 shares of the company’s stock, valued at $45,523,762.80. The disclosure for this sale can be found here. Insiders sold a total of 104,814 shares of company stock worth $11,278,603 over the last ninety days. Corporate insiders own 0.15% of the company’s stock.
PYPL has been the topic of several recent research reports. Wells Fargo & Co boosted their price target on Paypal from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Raymond James dropped their price target on Paypal from $129.00 to $122.00 and set an “outperform” rating on the stock in a research report on Thursday, September 19th. Rosenblatt Securities restated a “buy” rating and issued a $128.00 price target on shares of Paypal in a research report on Thursday, October 24th. Wedbush set a $140.00 price target on Paypal and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Craig Hallum dropped their price target on Paypal from $140.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $123.10.
NASDAQ PYPL traded up $0.95 on Friday, hitting $101.42. 5,451,200 shares of the company’s stock were exchanged, compared to its average volume of 6,845,562. Paypal Holdings Inc has a fifty-two week low of $75.47 and a fifty-two week high of $121.48. The firm has a market cap of $118.58 billion, a price-to-earnings ratio of 56.66, a P/E/G ratio of 2.39 and a beta of 0.96. The firm’s 50-day moving average price is $102.75 and its two-hundred day moving average price is $109.33. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.43 and a quick ratio of 1.43.
Paypal (NASDAQ:PYPL) last issued its earnings results on Wednesday, October 23rd. The credit services provider reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.09. The business had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.35 billion. Paypal had a return on equity of 16.73% and a net margin of 14.89%. The business’s quarterly revenue was up 18.9% on a year-over-year basis. During the same period last year, the company posted $0.58 EPS. On average, research analysts predict that Paypal Holdings Inc will post 2.3 earnings per share for the current fiscal year.
PayPal Holdings, Inc operates as a technology platform and digital payments 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 iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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