Smead Capital Management Inc. Sells 936,941 Shares of PayPal Holdings, Inc. (PYPL)

Smead Capital Management Inc. lowered its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 47.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,048,111 shares of the credit services provider’s stock after selling 936,941 shares during the period. PayPal Holdings comprises about 3.2% of Smead Capital Management Inc.’s investment portfolio, making the stock its 17th biggest holding. Smead Capital Management Inc. owned about 0.09% of PayPal Holdings worth $67,111,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. FMR LLC raised its holdings in shares of PayPal Holdings by 36.1% during the second quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock valued at $4,415,371,000 after buying an additional 21,814,940 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of PayPal Holdings by 2.8% during the second quarter. Vanguard Group Inc. now owns 77,758,731 shares of the credit services provider’s stock valued at $4,173,311,000 after buying an additional 2,115,017 shares during the last quarter. BlackRock Inc. raised its holdings in shares of PayPal Holdings by 4.7% during the second quarter. BlackRock Inc. now owns 62,938,949 shares of the credit services provider’s stock valued at $3,377,936,000 after buying an additional 2,835,027 shares during the last quarter. Edgewood Management LLC raised its holdings in shares of PayPal Holdings by 3.7% during the first 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 during the last quarter. Finally, Fundsmith LLP raised its holdings in shares of PayPal Holdings by 6.8% during the second quarter. Fundsmith LLP now owns 14,051,261 shares of the credit services provider’s stock valued at $754,131,000 after buying an additional 889,976 shares during the last quarter. 83.08% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently weighed in on PYPL. Zacks Investment Research cut PayPal Holdings from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Vetr raised PayPal Holdings from a “hold” rating to a “buy” rating and set a $60.76 price target on the stock in a report on Thursday, August 10th. Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating and set a $72.00 price target (up previously from $60.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Robert W. Baird reaffirmed an “outperform” rating and set a $65.00 price target (up previously from $59.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Finally, Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $75.00 price target (up previously from $67.00) on shares of PayPal Holdings in a report on Friday, September 29th. Ten analysts have rated the stock with a hold rating, thirty-two have given a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $69.85.

PayPal Holdings, Inc. (PYPL) traded up $0.01 during mid-day trading on Monday, hitting $74.00. 2,794,523 shares of the company traded hands, compared to its average volume of 7,614,513. PayPal Holdings, Inc. has a 1-year low of $38.06 and a 1-year high of $75.45. The firm has a market cap of $89,110.00 and a price-to-earnings ratio of 52.85.

PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.03. PayPal Holdings had a net margin of 12.69% and a return on equity of 11.33%. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.18 billion. During the same quarter in the previous year, the business earned $0.35 EPS. PayPal Holdings’s quarterly revenue was up 21.4% compared to the same quarter last year. research analysts predict that PayPal Holdings, Inc. will post 1.37 EPS for the current year.

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PayPal Holdings Profile

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.

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

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