Mawer Investment Management Ltd. Reduces Position in Paypal Holdings Inc (NASDAQ:PYPL)

Mawer Investment Management Ltd. lessened its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 4.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 242,469 shares of the credit services provider’s stock after selling 11,700 shares during the quarter. Mawer Investment Management Ltd.’s holdings in Paypal were worth $27,753,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Alpine Woods Capital Investors LLC purchased a new position in Paypal during the 2nd quarter worth approximately $1,647,000. Geneva Partners LLC grew its stake in Paypal by 0.3% during the 2nd quarter. Geneva Partners LLC now owns 37,534 shares of the credit services provider’s stock worth $4,296,000 after buying an additional 120 shares during the last quarter. Capital Asset Advisory Services LLC purchased a new position in Paypal during the 2nd quarter worth approximately $1,646,000. Chesley Taft & Associates LLC grew its stake in Paypal by 1.1% during the 2nd quarter. Chesley Taft & Associates LLC now owns 26,820 shares of the credit services provider’s stock worth $3,070,000 after buying an additional 295 shares during the last quarter. Finally, Bailard Inc. grew its stake in Paypal by 11.1% during the 2nd quarter. Bailard Inc. now owns 29,660 shares of the credit services provider’s stock worth $3,395,000 after buying an additional 2,968 shares during the last quarter. Hedge funds and other institutional investors own 80.13% of the company’s stock.

In related news, insider Daniel H. Schulman sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $111.09, for a total value of $3,332,700.00. Following the completion of the transaction, the insider now directly owns 523,821 shares of the company’s stock, valued at approximately $58,191,274.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jonathan Auerbach sold 2,024 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $106.07, for a total value of $214,685.68. Following the completion of the transaction, the executive vice president now directly owns 118,844 shares of the company’s stock, valued at $12,605,783.08. The disclosure for this sale can be found here. Insiders sold a total of 95,134 shares of company stock valued at $10,478,744 over the last three months. Insiders own 0.15% of the company’s stock.

PYPL has been the topic of a number of research reports. Guggenheim upgraded Paypal from a “sell” rating to a “neutral” rating in a research note on Tuesday, August 13th. Bank of America restated a “buy” rating and set a $131.00 price target (up previously from $123.00) on shares of Paypal in a research note on Thursday, June 13th. SunTrust Banks raised their price target on Paypal to $115.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. They noted that the move was a valuation call. Royal Bank of Canada raised their price target on Paypal to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Finally, Oppenheimer raised their price target on Paypal from $116.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Eight research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $120.99.

Paypal stock traded down $2.07 during mid-day trading on Friday, reaching $106.70. 2,532,668 shares of the company were exchanged, compared to its average volume of 9,091,206. The firm’s 50-day simple moving average is $112.69 and its two-hundred day simple moving average is $107.58. The firm has a market cap of $126.34 billion, a PE ratio of 59.61, a price-to-earnings-growth ratio of 2.48 and a beta of 0.97. Paypal Holdings Inc has a twelve month low of $74.66 and a twelve month high of $121.48.

Paypal (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, July 24th. The credit services provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.56 by $0.12. The business had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.33 billion. Paypal had a return on equity of 17.14% and a net margin of 15.36%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the firm earned $0.58 EPS. Sell-side analysts predict that Paypal Holdings Inc will post 2.41 EPS 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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