Paypal Holdings Inc (NASDAQ:PYPL) Shares Sold by Iberiabank Corp

Iberiabank Corp decreased its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 80.8% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 9,259 shares of the credit services provider’s stock after selling 39,055 shares during the quarter. Iberiabank Corp’s holdings in Paypal were worth $1,613,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Capital Research Global Investors increased its stake in Paypal by 154.8% in the 1st quarter. Capital Research Global Investors now owns 14,602,398 shares of the credit services provider’s stock valued at $1,398,034,000 after buying an additional 8,872,484 shares during the period. Fisher Asset Management LLC increased its stake in shares of Paypal by 65.7% during the first quarter. Fisher Asset Management LLC now owns 7,003,347 shares of the credit services provider’s stock worth $670,500,000 after acquiring an additional 2,775,699 shares during the period. Lone Pine Capital LLC raised its holdings in Paypal by 56.5% during the first quarter. Lone Pine Capital LLC now owns 5,265,480 shares of the credit services provider’s stock worth $504,117,000 after purchasing an additional 1,901,160 shares in the last quarter. Carmignac Gestion lifted its position in Paypal by 38,906.7% in the first quarter. Carmignac Gestion now owns 1,791,187 shares of the credit services provider’s stock valued at $171,491,000 after purchasing an additional 1,786,595 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in Paypal by 135.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,836,159 shares of the credit services provider’s stock valued at $271,534,000 after purchasing an additional 1,633,162 shares in the last quarter. 82.75% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have recently commented on PYPL shares. Oppenheimer raised their price target on Paypal from $140.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday. Moffett Nathanson reissued a “buy” rating and issued a $170.00 target price on shares of Paypal in a report on Thursday, May 28th. BTIG Research reaffirmed a “hold” rating on shares of Paypal in a research note on Wednesday. Jefferies Financial Group raised their price objective on shares of Paypal from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Goldman Sachs Group upped their target price on shares of Paypal from $170.00 to $205.00 and gave the stock a “conviction-buy” rating in a research report on Monday, July 20th. Seven analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $190.13.

In related news, CEO Daniel H. Schulman sold 25,000 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $144.15, for a total value of $3,603,750.00. Following the completion of the sale, the chief executive officer now directly owns 569,603 shares in the company, valued at approximately $82,108,272.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders have sold 75,000 shares of company stock valued at $10,562,250. 0.12% of the stock is owned by corporate insiders.

NASDAQ PYPL opened at $196.07 on Friday. The business’s 50-day simple moving average is $172.13 and its 200-day simple moving average is $133.02. The firm has a market capitalization of $226.00 billion, a P/E ratio of 89.94, a P/E/G ratio of 5.42 and a beta of 1.19. Paypal Holdings Inc has a 1-year low of $82.07 and a 1-year high of $198.66. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.38 and a quick ratio of 1.39.

Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, July 29th. The credit services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.47. Paypal had a net margin of 13.44% and a return on equity of 16.17%. The company had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same period in the previous year, the firm earned $0.86 earnings per share. Paypal’s revenue for the quarter was up 22.0% on a year-over-year basis. On average, equities research analysts expect that Paypal Holdings Inc will post 2.38 EPS for the current fiscal year.

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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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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