Svenska Handelsbanken AB publ Continues to Hold Holdings in PayPal Holdings, Inc. (PYPL)

Svenska Handelsbanken AB publ maintained its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,000 shares of the credit services provider’s stock at the close of the 2nd quarter. Svenska Handelsbanken AB publ’s holdings in PayPal Holdings were worth $1,020,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in PYPL. Vanguard Group Inc. lifted its position in shares of PayPal Holdings by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 75,643,714 shares of the credit services provider’s stock valued at $3,254,192,000 after buying an additional 2,549,683 shares in the last quarter. FMR LLC lifted its position in shares of PayPal Holdings by 28.2% during the 1st quarter. FMR LLC now owns 60,453,931 shares of the credit services provider’s stock valued at $2,600,728,000 after buying an additional 13,296,056 shares in the last quarter. BlackRock Inc. lifted its position in shares of PayPal Holdings by 2,792.8% during the 1st quarter. BlackRock Inc. now owns 60,103,922 shares of the credit services provider’s stock valued at $2,585,670,000 after buying an additional 58,026,239 shares in the last quarter. Edgewood Management LLC lifted its position in shares of PayPal Holdings by 3.7% during the 1st quarter. Edgewood Management LLC now owns 18,568,508 shares of the credit services provider’s stock valued at $798,817,000 after buying an additional 663,087 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of PayPal Holdings by 15.4% during the 1st quarter. Wellington Management Group LLP now owns 14,813,195 shares of the credit services provider’s stock valued at $637,263,000 after buying an additional 1,982,305 shares in the last quarter. Institutional investors and hedge funds own 82.55% of the company’s stock.

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In other PayPal Holdings news, Director John J. Donahoe sold 170,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $58.18, for a total transaction of $9,890,600.00. Following the completion of the sale, the director now directly owns 124,516 shares in the company, valued at $7,244,340.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gary J. Marino sold 1,351 shares of the company’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $54.03, for a total value of $72,994.53. Following the sale, the executive vice president now owns 37,491 shares of the company’s stock, valued at $2,025,638.73. The disclosure for this sale can be found here. Insiders have sold 262,702 shares of company stock valued at $15,375,804 over the last 90 days. 6.00% of the stock is currently owned by insiders.

PayPal Holdings, Inc. (PYPL) opened at 62.50 on Friday. PayPal Holdings, Inc. has a one year low of $38.06 and a one year high of $63.26. The stock has a market capitalization of $75.15 billion, a PE ratio of 50.40 and a beta of 0.98. The company’s 50-day moving average price is $62.40 and its 200-day moving average price is $53.58. PayPal Holdings also saw unusually large options trading on Wednesday. Investors bought 3,225 call options on the stock. This represents an increase of 657% compared to the average daily volume of 426 call options.

PayPal Holdings (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The company had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.09 billion. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The firm’s revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 earnings per share. Equities research analysts predict that PayPal Holdings, Inc. will post $1.84 EPS for the current year.

A number of research analysts have recently issued reports on the company. Barclays PLC increased their target price on PayPal Holdings from $66.00 to $69.00 and gave the company an “overweight” rating in a research report on Friday. BTIG Research reiterated a “buy” rating and set a $70.00 target price (up previously from $63.00) on shares of PayPal Holdings in a research report on Wednesday, September 6th. Jefferies Group LLC reiterated a “buy” rating and set a $61.27 target price (down previously from $70.00) on shares of PayPal Holdings in a research report on Wednesday, September 6th. Sanford C. Bernstein reiterated an “outperform” rating and set a $66.00 target price (up previously from $61.00) on shares of PayPal Holdings in a research report on Tuesday, September 5th. Finally, Credit Suisse Group reiterated an “outperform” rating on shares of PayPal Holdings in a research report on Tuesday, September 5th. Eleven analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $60.54.

About PayPal Holdings

PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.

Institutional Ownership by Quarter for PayPal Holdings (NASDAQ:PYPL)

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