PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board boosted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 23.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,206,408 shares of the credit services provider’s stock after acquiring an additional 231,423 shares during the period. Canada Pension Plan Investment Board owned 0.10% of PayPal worth $292,964,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in PYPL. Eagle Capital Management LLC acquired a new stake in PayPal in the 4th quarter valued at about $4,183,000. Berman Capital Advisors LLC lifted its position in shares of PayPal by 2.9% during the 4th quarter. Berman Capital Advisors LLC now owns 3,348 shares of the credit services provider’s stock worth $782,000 after purchasing an additional 95 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of PayPal by 19,558.0% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 377,433 shares of the credit services provider’s stock worth $88,395,000 after purchasing an additional 375,513 shares in the last quarter. Eaton Vance Management increased its holdings in PayPal by 10.7% in the fourth quarter. Eaton Vance Management now owns 1,979,525 shares of the credit services provider’s stock valued at $463,605,000 after buying an additional 191,729 shares during the last quarter. Finally, Vantage Consulting Group Inc acquired a new stake in PayPal in the fourth quarter valued at $29,000. 78.95% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ PYPL traded up $1.62 during mid-day trading on Thursday, hitting $303.39. The company’s stock had a trading volume of 153,773 shares, compared to its average volume of 5,163,249. The stock has a market cap of $356.40 billion, a price-to-earnings ratio of 68.74, a P/E/G ratio of 3.85 and a beta of 1.16. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.46. PayPal Holdings, Inc. has a 52-week low of $169.08 and a 52-week high of $309.14. The company has a fifty day moving average price of $275.80.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, May 5th. The credit services provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.21. PayPal had a net margin of 22.80% and a return on equity of 20.21%. The company had revenue of $6.03 billion during the quarter, compared to analyst estimates of $5.90 billion. During the same quarter in the prior year, the business earned $0.66 earnings per share. As a group, research analysts anticipate that PayPal Holdings, Inc. will post 3.51 earnings per share for the current year.

In related news, CEO Daniel H. Schulman sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 10th. The shares were sold at an average price of $267.77, for a total transaction of $2,677,700.00. Following the completion of the sale, the chief executive officer now directly owns 258,450 shares of the company’s stock, valued at approximately $69,205,156.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mark Britto sold 9,000 shares of PayPal stock in a transaction on Friday, April 30th. The stock was sold at an average price of $264.40, for a total transaction of $2,379,600.00. Following the sale, the executive vice president now directly owns 129,984 shares in the company, valued at approximately $34,367,769.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,042 shares of company stock valued at $14,291,699. Insiders own 0.10% of the company’s stock.

A number of research firms have recently commented on PYPL. Mizuho reiterated a “buy” rating and issued a $375.00 price objective on shares of PayPal in a report on Monday, June 28th. Wells Fargo & Company increased their price target on shares of PayPal from $310.00 to $350.00 and gave the company an “overweight” rating in a research note on Tuesday. Barclays boosted their price objective on shares of PayPal from $318.00 to $343.00 and gave the stock an “overweight” rating in a research report on Thursday. DA Davidson started coverage on shares of PayPal in a research note on Wednesday, June 23rd. They issued a “buy” rating and a $325.00 price objective for the company. Finally, BMO Capital Markets lifted their target price on PayPal from $241.00 to $256.00 and gave the stock a “market perform” rating in a research report on Friday, May 7th. Five equities research analysts have rated the stock with a hold rating and thirty-four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $308.00.

PayPal Profile

PayPal Holdings, Inc engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The firm 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.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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