Schroder Investment Management Group Decreases Position in Paypal Holdings Inc (PYPL)

Schroder Investment Management Group cut its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 0.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 349,917 shares of the credit services provider’s stock after selling 1,557 shares during the period. Schroder Investment Management Group’s holdings in Paypal were worth $22,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Apriem Advisors raised its position in shares of Paypal by 0.6% in the second quarter. Apriem Advisors now owns 8,398 shares of the credit services provider’s stock worth $451,000 after acquiring an additional 52 shares during the period. Westside Investment Management Inc. increased its stake in shares of Paypal by 0.4% during the second quarter. Westside Investment Management Inc. now owns 13,849 shares of the credit services provider’s stock worth $761,000 after purchasing an additional 60 shares in the last quarter. Sigma Planning Corp increased its stake in shares of Paypal by 0.4% during the second quarter. Sigma Planning Corp now owns 16,819 shares of the credit services provider’s stock worth $903,000 after purchasing an additional 74 shares in the last quarter. Train Babcock Advisors LLC increased its stake in shares of Paypal by 1.6% during the second quarter. Train Babcock Advisors LLC now owns 5,440 shares of the credit services provider’s stock worth $292,000 after purchasing an additional 86 shares in the last quarter. Finally, Calamos Wealth Management LLC increased its stake in shares of Paypal by 0.3% during the second quarter. Calamos Wealth Management LLC now owns 38,860 shares of the credit services provider’s stock worth $2,086,000 after purchasing an additional 98 shares in the last quarter. Institutional investors own 80.81% of the company’s stock.

A number of analysts have recently commented on PYPL shares. Barclays boosted their target price on shares of Paypal from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, October 20th. Zacks Investment Research cut shares of Paypal from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Citigroup reaffirmed a “buy” rating and set a $87.00 price objective on shares of Paypal in a research note on Friday, November 17th. Argus increased their price target on shares of Paypal from $80.00 to $87.00 and gave the company a “buy” rating in a research note on Friday, November 17th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $85.00 price target (up previously from $74.00) on shares of Paypal in a research note on Friday, November 17th. Ten research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and three have given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $73.24.

Paypal Holdings Inc (PYPL) opened at $70.97 on Tuesday. Paypal Holdings Inc has a 52-week low of $38.65 and a 52-week high of $79.39. The stock has a market cap of $90,503.83, a price-to-earnings ratio of 53.79, a price-to-earnings-growth ratio of 3.08 and a beta of 1.03.

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

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About Paypal

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 (NASDAQ:PYPL)

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