Public Employees Retirement System of Ohio boosted its holdings in shares of $PayPal(PYPL)$ by 0.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 688,395 shares of the credit services provider's stock after buying an additional 4,252 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.06% of PayPal worth $59,250,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the business. Kelly Lawrence W & Associates Inc. CA boosted its stake in PayPal by 14.0% during the third quarter. Kelly Lawrence W & Associates Inc. CA now owns 100,345 shares of the credit services provider's stock valued at $8,637,000 after buying an additional 12,300 shares during the period. Public Employees Retirement Association of Colorado raised its position in PayPal by 3.8% during the third quarter. Public Employees Retirement Association of Colorado now owns 190,339 shares of the credit services provider's stock valued at $16,382,000 after purchasing an additional 7,045 shares in the last quarter. Pittenger & Anderson Inc. raised its position in PayPal by 247.1% during the third quarter. Pittenger & Anderson Inc. now owns 2,100 shares of the credit services provider's stock valued at $181,000 after purchasing an additional 1,495 shares in the last quarter. Colony Group LLC raised its position in PayPal by 90.5% during the third quarter. Colony Group LLC now owns 36,433 shares of the credit services provider's stock valued at $3,136,000 after purchasing an additional 17,310 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC raised its position in PayPal by 66.4% during the third quarter. Stonebridge Capital Advisors LLC now owns 9,868 shares of the credit services provider's stock valued at $849,000 after purchasing an additional 3,937 shares in the last quarter. Institutional investors own 72.12% of the company's stock.
Insider Buying and Selling
In related news, CEODaniel H. Schulmanacquired 26,065 shares of the firm's stock in a transaction dated Friday, February 17th. The shares were purchased at an average price of $76.17 per share, with a total value of $1,985,371.05. Following the completion of the purchase, the chief executive officer now directly owns 395,351 shares of the company's stock, valued at $30,113,885.67. The purchase was disclosed in a document filed with the SEC, which can be accessed throughthe SEC website. 0.13% of the stock is owned by insiders.
PayPal Stock Performance
NASDAQ:PYPLtraded up $3.00 on Thursday, hitting $78.84. The stock had a trading volume of 9,557,590 shares, compared to its average volume of 13,199,144. The business's 50-day simple moving average is $77.69 and its two-hundred day simple moving average is $81.86. The stock has a market cap of $89.20 billion, a price-to-earnings ratio of 37.32, a price-to-earnings-growth ratio of 1.13 and a beta of 1.31. PayPal Holdings, Inc. has a 52-week low of $66.39 and a 52-week high of $122.92. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.51.
PayPal (NASDAQ:PYPL-Get Rating) last announced its earnings results on Thursday, February 9th. The credit services provider reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.04. PayPal had a net margin of 8.79% and a return on equity of 17.48%. The company had revenue of $7.38 billion during the quarter, compared to analyst estimates of $7.39 billion. During the same period in the previous year, the business posted $0.92 earnings per share. The firm's quarterly revenue was up 6.7% compared to the same quarter last year. As a group, research analysts predict that PayPal Holdings, Inc. will post 3.82 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on PYPL shares. Mizuho lowered their price target on PayPal from $105.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, February 8th. UBS Group raised their price target on PayPal to $125.00 in a research report on Monday, December 12th. BNP Paribas upgraded PayPal from a "neutral" rating to an "outperform" rating in a research report on Tuesday, January 3rd. Jefferies Financial Group decreased their price objective on PayPal from $90.00 to $85.00 and set a "hold" rating on the stock in a report on Wednesday, January 18th. Finally, Oppenheimer lifted their price objective on PayPal from $85.00 to $90.00 and gave the stock an "outperform" rating in a report on Friday, February 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat.com, PayPal has a consensus rating of "Moderate Buy" and a consensus price target of $108.42.
PayPal Profile
PayPal Holdings, Inc engages in the development of technology platforms for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. It 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.
source:marketbeat
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