QUANTRES ASSET MANAGEMENT Ltd Buys New Position in Paypal Holdings Inc (PYPL)

QUANTRES ASSET MANAGEMENT Ltd bought a new position in Paypal Holdings Inc (NASDAQ:PYPL) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 11,900 shares of the credit services provider’s stock, valued at approximately $876,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC raised its holdings in shares of Paypal by 36.1% in the 2nd quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock worth $4,415,371,000 after purchasing an additional 21,814,940 shares during the period. Vanguard Group Inc. raised its holdings in shares of Paypal by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 77,758,731 shares of the credit services provider’s stock worth $4,173,311,000 after purchasing an additional 2,115,017 shares during the period. BlackRock Inc. raised its holdings in shares of Paypal by 4.7% in the 2nd quarter. BlackRock Inc. now owns 62,938,949 shares of the credit services provider’s stock worth $3,377,936,000 after purchasing an additional 2,835,027 shares during the period. Fundsmith LLP raised its holdings in shares of Paypal by 6.8% in the 2nd quarter. Fundsmith LLP now owns 14,051,261 shares of the credit services provider’s stock worth $754,131,000 after purchasing an additional 889,976 shares during the period. Finally, TIAA CREF Investment Management LLC raised its holdings in shares of Paypal by 0.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 12,608,026 shares of the credit services provider’s stock worth $676,673,000 after purchasing an additional 84,888 shares during the period. Hedge funds and other institutional investors own 80.73% of the company’s stock.

In related news, Director Rodney C. Adkins bought 6,750 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was bought at an average cost of $74.04 per share, for a total transaction of $499,770.00. Following the completion of the transaction, the director now owns 10,149 shares of the company’s stock, valued at $751,431.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.00% of the stock is currently owned by insiders.

A number of equities research analysts recently commented on the stock. Barclays reaffirmed a “buy” rating on shares of Paypal in a report on Tuesday, November 21st. Canaccord Genuity reaffirmed a “hold” rating and issued a $66.00 price target on shares of Paypal in a report on Thursday, November 16th. Robert W. Baird lifted their price target on shares of Paypal from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, November 16th. Vetr cut shares of Paypal from a “buy” rating to a “hold” rating and set a $78.63 target price on the stock. in a report on Friday, November 17th. Finally, KeyCorp reissued an “overweight” rating and set a $85.00 target price (up previously from $80.00) on shares of Paypal in a report on Friday, November 17th. Ten equities research analysts have rated the stock with a hold rating and thirty-five have issued a buy rating to the company’s stock. Paypal presently has a consensus rating of “Buy” and a consensus price target of $74.65.

Paypal Holdings Inc (NASDAQ PYPL) opened at $76.73 on Friday. The firm has a market cap of $92,220.00 and a price-to-earnings ratio of 59.95. Paypal Holdings Inc has a 1-year low of $39.02 and a 1-year high of $79.39.

Paypal (NASDAQ:PYPL) last released its quarterly earnings results 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 firm had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.18 billion. Paypal had a net margin of 12.69% and a return on equity of 11.33%. The business’s quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 earnings per share. equities analysts predict that Paypal Holdings Inc will post 1.37 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “QUANTRES ASSET MANAGEMENT Ltd Buys New Position in Paypal Holdings Inc (PYPL)” was first published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this story on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright legislation. The original version of this story can be accessed at https://www.com-unik.info/2018/01/05/quantres-asset-management-ltd-buys-new-position-in-paypal-holdings-inc-pypl.html.

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.

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Paypal Holdings Inc (NASDAQ:PYPL).

Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

Receive News & Ratings for Paypal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paypal and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit