PayPal Holdings, Inc. (PYPL) Shares Sold by Parnassus Investments CA

Parnassus Investments CA trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,862,964 shares of the credit services provider’s stock after selling 236,878 shares during the quarter. Parnassus Investments CA owned 0.40% of PayPal Holdings worth $311,376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in PYPL. Motley Fool Wealth Management LLC lifted its position in PayPal Holdings by 9.6% during the 1st quarter. Motley Fool Wealth Management LLC now owns 501,451 shares of the credit services provider’s stock worth $21,572,000 after acquiring an additional 43,876 shares during the period. Municipal Employees Retirement System of Michigan lifted its position in PayPal Holdings by 0.9% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 36,210 shares of the credit services provider’s stock worth $1,558,000 after acquiring an additional 330 shares during the period. Rafferty Asset Management LLC lifted its position in PayPal Holdings by 158.0% during the 1st quarter. Rafferty Asset Management LLC now owns 243,279 shares of the credit services provider’s stock worth $10,466,000 after acquiring an additional 148,980 shares during the period. Credit Agricole S A lifted its position in PayPal Holdings by 18.6% during the 1st quarter. Credit Agricole S A now owns 374,532 shares of the credit services provider’s stock worth $16,113,000 after acquiring an additional 58,734 shares during the period. Finally, Jarislowsky Fraser Ltd acquired a new stake in PayPal Holdings during the 1st quarter worth about $233,000. Hedge funds and other institutional investors own 82.19% of the company’s stock.

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A number of analysts have commented on the company. Zacks Investment Research cut PayPal Holdings from a “buy” rating to a “hold” rating in a research report on Thursday. Vetr raised PayPal Holdings from a “hold” rating to a “buy” rating and set a $60.76 price target for the company in a research report on Thursday, August 10th. Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating and set a $72.00 price target (up previously from $60.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. Robert W. Baird reaffirmed an “outperform” rating and set a $65.00 price target (up previously from $59.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. Finally, Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $75.00 price target (up previously from $67.00) on shares of PayPal Holdings in a research report on Friday, September 29th. Ten investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $69.85.

In related news, Director John J. Donahoe sold 170,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $58.18, for a total value of $9,890,600.00. Following the completion of the transaction, the director now directly owns 124,516 shares in the company, valued at $7,244,340.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.00% of the company’s stock.

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) traded up $0.82 during trading on Monday, reaching $74.21. The company had a trading volume of 3,787,543 shares, compared to its average volume of 9,150,000. The stock has a market capitalization of $88,210.00 and a price-to-earnings ratio of 52.42. PayPal Holdings, Inc. has a 52 week low of $38.06 and a 52 week high of $73.41.

PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.03. The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.18 billion. PayPal Holdings had a return on equity of 11.33% and a net margin of 12.69%. The firm’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 earnings per share. equities research analysts expect that PayPal Holdings, Inc. will post 1.37 EPS for the current year.

About PayPal Holdings

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.

Institutional Ownership by Quarter for PayPal Holdings (NASDAQ:PYPL)

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