Franklin Resources Inc. lifted its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 69.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,277,798 shares of the credit services provider’s stock after purchasing an additional 525,520 shares during the quarter. Franklin Resources Inc. owned 0.11% of Paypal worth $94,079,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Paypal by 6.6% during the 4th quarter. BlackRock Inc. now owns 69,404,765 shares of the credit services provider’s stock worth $5,109,580,000 after buying an additional 4,324,405 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Paypal by 117.3% during the 4th quarter. Jennison Associates LLC now owns 16,354,298 shares of the credit services provider’s stock worth $1,204,003,000 after buying an additional 8,827,558 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Paypal by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 12,165,443 shares of the credit services provider’s stock worth $893,768,000 after buying an additional 629,582 shares during the last quarter. Harding Loevner LP lifted 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 buying an additional 5,253,746 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Paypal by 25.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 10,973,668 shares of the credit services provider’s stock worth $702,644,000 after buying an additional 2,234,157 shares during the last quarter. 80.58% of the stock is currently owned by institutional investors.
Shares of Paypal Holdings Inc (PYPL) opened at $82.57 on Friday. Paypal Holdings Inc has a one year low of $42.06 and a one year high of $86.32. The company has a market capitalization of $99,985.33, a P/E ratio of 57.06, a P/E/G ratio of 2.75 and a beta of 1.25.
Paypal (NASDAQ:PYPL) last released its earnings results on Wednesday, January 31st. The credit services provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.52 by $0.03. Paypal had a return on equity of 11.59% and a net margin of 13.71%. The business had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter last year, the firm posted $0.42 earnings per share. The firm’s revenue was up 25.6% on a year-over-year basis. equities research analysts predict that Paypal Holdings Inc will post 1.73 earnings per share for the current fiscal year.
In related news, EVP Aaron Karczmer sold 5,674 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $77.51, for a total transaction of $439,791.74. Following the completion of the sale, the executive vice president now owns 23,909 shares of the company’s stock, valued at $1,853,186.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John D. Rainey sold 50,977 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $77.68, for a total value of $3,959,893.36. Following the sale, the chief financial officer now directly owns 114,020 shares of the company’s stock, valued at approximately $8,857,073.60. The disclosure for this sale can be found here. Insiders have sold 196,413 shares of company stock valued at $15,348,028 in the last ninety days. 6.00% of the stock is currently owned by insiders.
Several analysts recently weighed in on PYPL shares. Cantor Fitzgerald restated a “buy” rating and set a $85.00 price objective on shares of Paypal in a research report on Thursday, February 1st. BTIG Research restated a “buy” rating and set a $81.00 price objective on shares of Paypal in a research report on Sunday, November 19th. Vetr upgraded Paypal from a “hold” rating to a “buy” rating and set a $80.21 price objective for the company in a research report on Wednesday, November 29th. Robert W. Baird increased their target price on Paypal from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, November 16th. Finally, Zacks Investment Research upgraded Paypal from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a research report on Wednesday, December 20th. Nine analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $77.33.
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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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