National Pension Service Has $102.79 Million Stake in Paypal Holdings Inc (PYPL)

National Pension Service lifted its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,088,689 shares of the credit services provider’s stock after purchasing an additional 59,791 shares during the period. National Pension Service owned 0.09% of Paypal worth $102,794,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PYPL. Truehand Inc bought a new stake in shares of Paypal during the 4th quarter worth about $25,000. Bruderman Asset Management LLC bought a new stake in Paypal in the 4th quarter valued at about $27,000. Karp Capital Management Corp bought a new stake in Paypal in the 4th quarter valued at about $37,000. Virtus ETF Advisers LLC boosted its holdings in Paypal by 33.7% in the 4th quarter. Virtus ETF Advisers LLC now owns 448 shares of the credit services provider’s stock valued at $38,000 after purchasing an additional 113 shares during the period. Finally, WESPAC Advisors SoCal LLC boosted its holdings in Paypal by 116.0% in the 4th quarter. WESPAC Advisors SoCal LLC now owns 486 shares of the credit services provider’s stock valued at $41,000 after purchasing an additional 261 shares during the period. Institutional investors own 81.40% of the company’s stock.

NASDAQ PYPL traded up $0.34 on Friday, hitting $110.56. The company’s stock had a trading volume of 7,101,290 shares, compared to its average volume of 7,534,779. Paypal Holdings Inc has a 1-year low of $70.22 and a 1-year high of $110.92. The stock has a market cap of $125.31 billion, a P/E ratio of 61.77, a price-to-earnings-growth ratio of 2.80 and a beta of 1.03.

Paypal (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, April 24th. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.11. Paypal had a net margin of 13.31% and a return on equity of 14.67%. The firm had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.13 billion. During the same period in the prior year, the company posted $0.57 EPS. The company’s revenue was up 12.1% on a year-over-year basis. On average, analysts expect that Paypal Holdings Inc will post 2.15 EPS for the current year.

In other Paypal news, COO William J. Ready sold 29,686 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $89.33, for a total value of $2,651,850.38. Following the completion of the transaction, the chief operating officer now directly owns 66,558 shares in the company, valued at approximately $5,945,626.14. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO John D. Rainey sold 32,999 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $89.21, for a total transaction of $2,943,840.79. Following the completion of the transaction, the chief financial officer now owns 140,844 shares of the company’s stock, valued at $12,564,693.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 280,295 shares of company stock valued at $26,469,952. Corporate insiders own 0.20% of the company’s stock.

A number of analysts have issued reports on PYPL shares. Guggenheim downgraded shares of Paypal from a “buy” rating to a “neutral” rating and set a $90.82 price objective for the company. in a report on Wednesday, February 6th. Wells Fargo & Co boosted their price objective on shares of Paypal from $105.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday. Royal Bank of Canada upped their price target on shares of Paypal to $120.00 and gave the stock an “outperform” rating in a report on Thursday. Zacks Investment Research raised shares of Paypal from a “sell” rating to a “hold” rating in a report on Monday, January 14th. Finally, Morgan Stanley upped their price target on shares of Paypal from $113.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday. Ten equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $106.36.

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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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