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Other major investors have also recently changed their positions in the company. Fundsmith LLP increased its holdings in PayPal Holdings by 4.5% in the first quarter. Fundsmith LLP now holds 13,161,285 shares of the credit services business worth $ 566,198,000 after purchasing an additional 565,992 shares during the last quarter. Lone Pine Capital LLC bought a new equity stake in PayPal Holdings during the fourth quarter valued at $ 493,348,000. Norges Bank acquired a new equity stake in PayPal Holdings during the fourth quarter valued at $ 344,012,000. Lindsell Train Ltd increased its holdings in PayPal Holdings by 3.8% in the first quarter. Lindsell Train Ltd. now holds 6,281,983 shares of the credit service provider's business valued at $ 270,251,000 after purchasing 232,200 additional shares during the last quarter. Lastly, Vontobel Asset Management Inc. increased its holdings in PayPal Holdings by 9.3% in the first quarter. Vontobel Asset Management Inc. now holds 5,482,250 shares of a credit service provider worth $ 243,475,000 after purchasing an additional 467,058 shares in the last quarter. 81.86% of the shares are currently held by hedge funds and other institutional investors.
Concert Wealth Management Inc. bought a new equity position in PayPal Holdings, Inc. (NASDAQ: PYPL) in the first quarter, reports Holdings Channel. The company purchased 55,403 shares of the credit service provider, valued at approximately $ 2,189,000.
Shares of PayPal Holdings, Inc. (NASDAQ: PYPL) opened Wednesday at 52.87. The company's 50-day moving average is $ 52.01 and its 200-day moving average is $ 44.86. The stock has a market capitalization of $ 63.51 billion, a PE ratio of 45.19 and a beta of 0.95. PayPal Holdings, Inc. has a minimum of $ 35.72 in one year and $ 55.14 in one year.
PayPal Holdings (NASDAQ: PYPL) last released its quarterly results on Wednesday, April 26. The credit service provider reported earnings per share (EPS) of $ 0.32 for the quarter, with badyst consensus estimates missing $ 0.33 per $ 0.01. PayPal Holdings had a return on equity of 10.78% and a net margin of 12.60%. The company achieved a turnover of $ 2.98 billion for the quarter, compared with $ 2.94 billion for badysts. During the same period last year, the company posted earnings per share of $ 0.37. The quarterly business activity figure is up 16.9% over the same quarter of last year. On average, badysts expect PayPal Holdings, Inc. to post earnings per share of $ 1.78 for the current fiscal year.
Several research firms recently commented on PYPL. Royal Bank of Canada raised its target price on PayPal Holdings shares from $ 50.00 to $ 52.00 and awarded the stock an "outperformance" rating in a research note on Thursday, April 27. Monness Crespi & Hardt increased their target price on PayPal Holdings shares from $ 50.00 to $ 54.00 and awarded a "buy" note to the stock in a research note on Thursday, April 27th. Vetr took holdings of PayPal Holdings from a "hold" rating to a "buy" rating and set a price target of $ 51.23 on the stock in a research note on Wednesday, May 17th. Citigroup Inc. reissued a "buy" note and set a price target of $ 62.00 (previously $ 52.00) on PayPal Holdings shares in a research note on Friday, June 9. Finally, Stephens reissued an "overweight" rating and set a price target of $ 59.00 (previously $ 51.00) on PayPal Holdings shares in a research note on Monday, June 19th. Two equity research badysts evaluated the stock with a sales note, ten badigned a reserve rating, twenty-seven issued a purchase note and two issued a strong investment grade rating. purchase at the company. PayPal Holdings currently has a consensual rating of "Buy" and a consensus target price of $ 51.73.
In addition, director Gail J. Mcgovern sold 1,800 shares of PayPal Holdings in a transaction on Thursday, June 8. The shares were sold at an average price of $ 53.97, for a total transaction of $ 97,146.00. Following the completion of the transaction, the director now holds directly 12,647 shares of the Company, valued at approximately $ 682,558.59. The transaction was disclosed in a legal deposit with the SEC, which is available on the SEC's website. In addition, Executive Vice President Gary J. Marino sold 1,350 shares of PayPal Holdings in a transaction on Thursday, June 1. The shares were sold at an average price of $ 52.48, for a total transaction of $ 70,848.00. As a result of the transaction, the Executive Vice-President now holds directly 37,491 shares of the Company, valued at $ 1,967,527.68. The disclosure for this sale can be found here. 6,00% of the stock belongs to insiders.
About PayPal Holdings
PayPal Holdings, Inc. is a technology platform and digital payment company that enables digital and mobile payments on behalf of consumers and merchants. The combined payment solutions of the Company, including its PayPal, PayPal, Braintree, Venmo, Xoom and Paydiant products, make up its payment platform.
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