Exxonmobil Investment Management Inc. TX trimmed its position in Paypal Holdings Inc (NASDAQ:PYPL) by 13.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 179,643 shares of the credit services provider’s stock after selling 26,757 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in Paypal were worth $13,225,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the company. FMR LLC grew its stake in Paypal by 36.1% in the 2nd quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock valued at $4,415,371,000 after buying an additional 21,814,940 shares during the last quarter. Jennison Associates LLC acquired a new position in Paypal in the 3rd quarter valued at about $481,937,000. Harding Loevner LP grew its position in shares of Paypal by 86.1% during the 3rd quarter. Harding Loevner LP now owns 11,353,818 shares of the credit services provider’s stock worth $381,030,000 after purchasing an additional 5,253,746 shares in the last quarter. Capital World Investors grew its position in shares of Paypal by 313.5% during the 2nd quarter. Capital World Investors now owns 6,151,049 shares of the credit services provider’s stock worth $330,127,000 after purchasing an additional 4,663,337 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of Paypal by 1,064.7% during the 2nd quarter. Janus Henderson Group PLC now owns 4,861,493 shares of the credit services provider’s stock worth $260,921,000 after purchasing an additional 4,444,097 shares in the last quarter. 80.73% of the stock is currently owned by institutional investors.
A number of research analysts have issued reports on PYPL shares. Barclays increased their target price on shares of Paypal from $66.00 to $69.00 and gave the stock an “overweight” rating in a research report on Friday, September 15th. KeyCorp restated a “buy” rating and set a $70.00 target price (up previously from $66.00) on shares of Paypal in a research report on Monday, September 18th. Zacks Investment Research lowered shares of Paypal from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Sanford C. Bernstein restated an “outperform” rating and set a $66.00 target price on shares of Paypal in a research report on Wednesday, September 27th. Finally, Susquehanna Bancshares restated a “positive” rating and set a $75.00 target price (up previously from $67.00) on shares of Paypal in a research report on Friday, September 29th. Ten equities research analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $75.47.
Paypal (NASDAQ:PYPL) last issued its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.18 billion. Paypal had a net margin of 12.69% and a return on equity of 11.33%. The firm’s revenue was up 21.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.35 EPS. equities research analysts anticipate that Paypal Holdings Inc will post 1.37 EPS for the current year.
In related news, Director Rodney C. Adkins acquired 6,750 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was acquired at an average price of $74.04 per share, with a total value of $499,770.00. Following the purchase, the director now directly owns 10,149 shares in the company, valued at $751,431.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.00% of the stock is owned by corporate insiders.
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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.
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