Capital One National Association Raises Stake in Paypal Holdings Inc (PYPL)

Capital One National Association lifted its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 19.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,567 shares of the credit services provider’s stock after acquiring an additional 1,068 shares during the quarter. Capital One National Association’s holdings in Paypal were worth $484,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Jennison Associates LLC increased its holdings in Paypal by 117.3% during the fourth quarter. Jennison Associates LLC now owns 16,354,298 shares of the credit services provider’s stock valued at $1,204,003,000 after buying an additional 8,827,558 shares during the period. Harding Loevner LP increased its holdings in Paypal by 86.1% during the third quarter. Harding Loevner LP now owns 11,353,818 shares of the credit services provider’s stock valued at $381,030,000 after buying an additional 5,253,746 shares during the period. Amundi Pioneer Asset Management Inc. increased its holdings in Paypal by 171.4% during the third quarter. Amundi Pioneer Asset Management Inc. now owns 4,877,006 shares of the credit services provider’s stock valued at $312,274,000 after buying an additional 3,080,163 shares during the period. Bank of New York Mellon Corp increased its holdings in Paypal by 25.6% during the third quarter. Bank of New York Mellon Corp now owns 10,973,668 shares of the credit services provider’s stock valued at $702,644,000 after buying an additional 2,234,157 shares during the period. Finally, Swedbank purchased a new position in Paypal during the third quarter valued at approximately $112,201,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently issued reports on PYPL. BidaskClub raised shares of Paypal from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 10th. Credit Suisse Group cut their price objective on shares of Paypal from $91.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday. Stifel Nicolaus lifted their price objective on shares of Paypal from $61.00 to $70.00 and gave the company a “hold” rating in a report on Sunday, October 22nd. Zacks Investment Research raised shares of Paypal from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a report on Thursday, October 26th. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $79.00 price objective on shares of Paypal in a report on Friday, October 20th. Nine investment analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $76.97.

In other Paypal news, EVP Adele Louise Pentland sold 6,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $78.11, for a total value of $468,660.00. Following the completion of the transaction, the executive vice president now owns 46,045 shares in the company, valued at $3,596,574.95. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Aaron Anderson sold 9,367 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $77.84, for a total transaction of $729,127.28. Following the completion of the transaction, the vice president now owns 18,480 shares of the company’s stock, valued at approximately $1,438,483.20. The disclosure for this sale can be found here. Insiders have sold 126,344 shares of company stock valued at $9,818,481 over the last 90 days. 6.00% of the stock is currently owned by insiders.

Paypal Holdings Inc (NASDAQ:PYPL) opened at $77.27 on Thursday. The stock has a market cap of $89,976.00, a price-to-earnings ratio of 52.56, a P/E/G ratio of 2.40 and a beta of 1.18. Paypal Holdings Inc has a 1 year low of $41.27 and a 1 year high of $86.32.

Paypal (NASDAQ:PYPL) last posted its earnings results on Wednesday, January 31st. The credit services provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. The company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.64 billion. Paypal had a net margin of 13.71% and a return on equity of 11.59%. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.42 earnings per share. research analysts forecast that Paypal Holdings Inc will post 1.75 EPS for the current fiscal year.

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Paypal Company 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 (NASDAQ:PYPL)

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