Flossbach von Storch AG Zurich Makes New $2.59 Million Investment in Paypal Holdings Inc (NASDAQ:PYPL)

Flossbach von Storch AG Zurich purchased a new position in Paypal Holdings Inc (NASDAQ:PYPL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 24,975 shares of the credit services provider’s stock, valued at approximately $2,587,000. Paypal comprises about 2.9% of Flossbach von Storch AG Zurich’s portfolio, making the stock its 15th largest position.

A number of other institutional investors have also recently made changes to their positions in PYPL. Buckingham Capital Management Inc. increased its position in Paypal by 0.9% during the first quarter. Buckingham Capital Management Inc. now owns 54,185 shares of the credit services provider’s stock valued at $5,627,000 after acquiring an additional 498 shares during the last quarter. Bath Savings Trust Co purchased a new position in shares of Paypal during the second quarter valued at $210,000. Winfield Associates Inc. purchased a new position in shares of Paypal during the second quarter valued at $212,000. Swedbank grew its holdings in shares of Paypal by 4.6% during the second quarter. Swedbank now owns 2,706,978 shares of the credit services provider’s stock valued at $309,841,000 after buying an additional 119,738 shares in the last quarter. Finally, KAMES CAPITAL plc acquired a new stake in Paypal during the second quarter valued at $8,543,000. 80.56% of the stock is currently owned by institutional investors and hedge funds.

PYPL has been the subject of a number of research reports. Rosenblatt Securities initiated coverage on Paypal in a research report on Monday, August 19th. They set a “buy” rating and a $126.00 price objective for the company. Citigroup boosted their price target on Paypal from $124.00 to $137.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Morgan Stanley set a $129.00 price target on Paypal and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Bank of America reaffirmed a “buy” rating and issued a $127.00 price target (down previously from $131.00) on shares of Paypal in a research report on Friday, September 13th. Finally, UBS Group set a $120.00 price target on Paypal and gave the stock a “hold” rating in a research report on Tuesday, September 24th. Nine research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Paypal has an average rating of “Buy” and a consensus target price of $122.81.

In related news, EVP Jonathan Auerbach sold 2,024 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $106.07, for a total transaction of $214,685.68. Following the sale, the executive vice president now directly owns 118,844 shares in the company, valued at approximately $12,605,783.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Aaron Karczmer sold 3,110 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $115.71, for a total value of $359,858.10. Following the sale, the executive vice president now owns 15,041 shares in the company, valued at $1,740,394.11. 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. 0.15% of the stock is owned by corporate insiders.

Shares of PYPL stock traded down $0.18 during trading hours on Monday, hitting $101.04. The company had a trading volume of 4,242,121 shares, compared to its average volume of 5,631,883. Paypal Holdings Inc has a 12 month low of $75.47 and a 12 month high of $121.48. The firm has a market capitalization of $121.94 billion, a price-to-earnings ratio of 56.45, a PEG ratio of 2.38 and a beta of 0.96. The firm’s fifty day moving average is $104.61 and its 200 day moving average is $109.71.

Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, July 24th. The credit services provider reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.12. Paypal had a return on equity of 17.14% and a net margin of 15.36%. The company had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same period in the prior year, the company posted $0.58 EPS. The company’s revenue was up 11.7% compared to the same quarter last year. On average, research analysts expect that Paypal Holdings Inc will post 2.36 earnings per share for the current fiscal year.

Paypal 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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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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