Saturna Capital CORP Acquires 2,560 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Saturna Capital CORP grew its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 64.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,560 shares of the credit services provider’s stock after buying an additional 2,560 shares during the quarter. Saturna Capital CORP’s holdings in PayPal were worth $1,912,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of PayPal by 10.4% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 424,548 shares of the credit services provider’s stock valued at $123,752,000 after purchasing an additional 39,837 shares during the period. Franklin Resources Inc. raised its holdings in shares of PayPal by 6.9% in the 1st quarter. Franklin Resources Inc. now owns 5,712,832 shares of the credit services provider’s stock valued at $1,387,305,000 after purchasing an additional 369,419 shares during the period. Y Intercept Hong Kong Ltd raised its holdings in shares of PayPal by 681.8% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 8,717 shares of the credit services provider’s stock valued at $2,062,000 after purchasing an additional 7,602 shares during the period. Wilbanks Smith & Thomas Asset Management LLC grew its stake in PayPal by 4.9% in the 2nd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 47,194 shares of the credit services provider’s stock valued at $13,756,000 after buying an additional 2,206 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in PayPal by 9.1% in the 1st quarter. Nordea Investment Management AB now owns 739,612 shares of the credit services provider’s stock valued at $180,369,000 after buying an additional 61,726 shares during the last quarter. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently commented on PYPL shares. Bank of America reiterated a “buy” rating on shares of PayPal in a research note on Monday, August 30th. Mizuho reiterated a “buy” rating and issued a $375.00 price target on shares of PayPal in a research note on Monday, June 28th. Piper Sandler increased their target price on shares of PayPal from $300.00 to $315.00 and gave the stock an “overweight” rating in a research report on Thursday, July 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $360.00 target price (up previously from $310.00) on shares of PayPal in a research report on Thursday, July 8th. Finally, Evercore ISI increased their target price on shares of PayPal from $313.00 to $370.00 and gave the stock an “outperform” rating in a research report on Friday, July 9th. Four analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the stock. According to data from MarketBeat, PayPal has a consensus rating of “Buy” and a consensus target price of $317.74.

In other PayPal news, CEO Daniel H. Schulman sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 12th. The shares were sold at an average price of $275.23, for a total value of $2,752,300.00. Following the completion of the sale, the chief executive officer now directly owns 237,150 shares in the company, valued at $65,270,794.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jonathan Auerbach sold 12,314 shares of the firm’s stock in a transaction on Tuesday, August 24th. The stock was sold at an average price of $278.64, for a total transaction of $3,431,172.96. Following the completion of the sale, the executive vice president now owns 80,922 shares of the company’s stock, valued at $22,548,106.08. The disclosure for this sale can be found here. Insiders have sold 41,314 shares of company stock valued at $11,463,923 in the last three months. 0.10% of the stock is owned by insiders.

Shares of PYPL stock traded up $0.93 during trading hours on Tuesday, hitting $270.84. 157,533 shares of the company’s stock traded hands, compared to its average volume of 7,538,861. The stock’s 50 day simple moving average is $284.52 and its 200 day simple moving average is $269.91. The stock has a market cap of $318.25 billion, a PE ratio of 65.98, a price-to-earnings-growth ratio of 3.75 and a beta of 1.15. PayPal Holdings, Inc. has a 12 month low of $174.08 and a 12 month high of $310.16. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.43.

PayPal (NASDAQ:PYPL) last announced its earnings results on Wednesday, July 28th. The credit services provider reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.31. PayPal had a net margin of 20.42% and a return on equity of 20.07%. The business had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6.32 billion. During the same quarter last year, the firm earned $1.07 earnings per share. As a group, equities research analysts expect that PayPal Holdings, Inc. will post 3.48 EPS for the current fiscal year.

PayPal Company Profile

PayPal Holdings, Inc engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The firm manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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