Chesley Taft & Associates LLC boosted its holdings in Paypal Holdings Inc (NASDAQ:PYPL) by 1.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,525 shares of the credit services provider’s stock after purchasing an additional 475 shares during the period. Chesley Taft & Associates LLC’s holdings in Paypal were worth $2,754,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of PYPL. Oregon Public Employees Retirement Fund boosted its holdings in Paypal by 7,419.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 19,412,765 shares of the credit services provider’s stock valued at $231,000 after purchasing an additional 19,154,611 shares during the last quarter. Norges Bank purchased a new position in Paypal in the fourth quarter valued at about $906,735,000. Lunia Capital LP lifted its holdings in Paypal by 5,015.1% during the 4th quarter. Lunia Capital LP now owns 4,152,952 shares of the credit services provider’s stock worth $4,153,000 after buying an additional 4,071,762 shares during the last quarter. Morgan Stanley lifted its holdings in Paypal by 57.3% during the 3rd quarter. Morgan Stanley now owns 10,450,968 shares of the credit services provider’s stock worth $918,012,000 after buying an additional 3,805,346 shares during the last quarter. Finally, Vanguard Group Inc lifted its holdings in Paypal by 3.7% during the 3rd quarter. Vanguard Group Inc now owns 86,484,524 shares of the credit services provider’s stock worth $7,596,801,000 after buying an additional 3,056,620 shares during the last quarter. 81.47% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ PYPL traded up $2.26 during mid-day trading on Friday, hitting $111.96. The company had a trading volume of 4,644,195 shares, compared to its average volume of 7,431,070. The company has a market cap of $131.55 billion, a price-to-earnings ratio of 62.55, a price-to-earnings-growth ratio of 2.81 and a beta of 1.05. Paypal Holdings Inc has a 12 month low of $72.23 and a 12 month high of $113.69.
A number of research analysts have commented on the company. BidaskClub raised Paypal from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Paypal in a report on Wednesday. KeyCorp increased their target price on Paypal from $115.00 to $118.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. Oppenheimer increased their target price on Paypal from $100.00 to $116.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Finally, Nomura increased their target price on Paypal from $110.00 to $112.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Ten research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $107.18.
In related news, insider Daniel H. Schulman sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $112.38, for a total value of $3,371,400.00. Following the sale, the insider now directly owns 553,821 shares in the company, valued at approximately $62,238,403.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Gary J. Marino sold 2,017 shares of Paypal stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $91.11, for a total value of $183,768.87. Following the completion of the transaction, the insider now owns 42,317 shares in the company, valued at $3,855,501.87. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 326,538 shares of company stock worth $32,895,306. 0.15% of the stock is owned by insiders.
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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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