Robeco Institutional Asset Management B.V. lowered its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 3.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,479,524 shares of the credit services provider’s stock after selling 46,675 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Paypal were worth $153,262,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the company. Mcmillion Capital Management Inc. acquired a new position in Paypal in the second quarter worth $35,000. AGF Investments LLC boosted its holdings in Paypal by 55.6% in the second quarter. AGF Investments LLC now owns 308 shares of the credit services provider’s stock worth $35,000 after purchasing an additional 110 shares during the period. Sound Income Strategies LLC boosted its holdings in Paypal by 125.4% in the third quarter. Sound Income Strategies LLC now owns 417 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 232 shares during the period. Nelson Roberts Investment Advisors LLC boosted its holdings in Paypal by 81.6% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 465 shares of the credit services provider’s stock worth $53,000 after purchasing an additional 209 shares during the period. Finally, Tortoise Investment Management LLC boosted its holdings in shares of Paypal by 615.4% during the second quarter. Tortoise Investment Management LLC now owns 465 shares of the credit services provider’s stock valued at $53,000 after acquiring an additional 400 shares during the period. 80.58% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ PYPL traded down $2.02 during midday trading on Friday, reaching $101.61. 3,958,809 shares of the company traded hands, compared to its average volume of 5,809,385. Paypal Holdings Inc has a 52 week low of $75.47 and a 52 week high of $121.48. The stock has a 50-day moving average price of $104.72 and a 200 day moving average price of $109.72. The company has a market cap of $121.89 billion, a price-to-earnings ratio of 56.77, a PEG ratio of 2.35 and a beta of 0.96.
In other Paypal news, EVP Jonathan Auerbach sold 2,024 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $106.07, for a total value of $214,685.68. Following the sale, the executive vice president now directly owns 118,844 shares in the company, valued at $12,605,783.08. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Daniel H. Schulman sold 30,000 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $111.96, for a total transaction of $3,358,800.00. Following the completion of the sale, the insider now owns 487,074 shares in the company, valued at $54,532,805.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 132,417 shares of company stock worth $14,511,700. Company insiders own 0.15% of the company’s stock.
Several equities analysts have recently issued reports on PYPL shares. UBS Group set a $120.00 price target on shares of Paypal and gave the company a “hold” rating in a report on Tuesday, September 24th. Morgan Stanley set a $129.00 price target on shares of Paypal and gave the company a “buy” rating in a report on Tuesday, September 17th. BidaskClub downgraded shares of Paypal from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Oppenheimer boosted their price target on shares of Paypal from $116.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Raymond James reduced their price target on shares of Paypal from $129.00 to $122.00 and set an “outperform” rating for the company in a report on Thursday, September 19th. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $122.17.
Paypal Company Profile
PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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