Robeco Institutional Asset Management B.V. Purchases 233,413 Shares of Paypal Holdings Inc (NASDAQ:PYPL)

Robeco Institutional Asset Management B.V. raised its position in Paypal Holdings Inc (NASDAQ:PYPL) by 18.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,526,199 shares of the credit services provider’s stock after buying an additional 233,413 shares during the period. Paypal comprises approximately 0.6% of Robeco Institutional Asset Management B.V.’s holdings, making the stock its 29th largest holding. Robeco Institutional Asset Management B.V. owned about 0.13% of Paypal worth $174,688,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Semmax Financial Advisors Inc. boosted its position in shares of Paypal by 630.2% in the 1st quarter. Semmax Financial Advisors Inc. now owns 314 shares of the credit services provider’s stock worth $33,000 after purchasing an additional 271 shares during the last quarter. Private Ocean LLC boosted its position in shares of Paypal by 386.7% in the 1st quarter. Private Ocean LLC now owns 365 shares of the credit services provider’s stock worth $38,000 after purchasing an additional 290 shares during the last quarter. Liberty Wealth Management LLC bought a new position in shares of Paypal in the 4th quarter worth $39,000. CX Institutional boosted its position in shares of Paypal by 605.7% in the 1st quarter. CX Institutional now owns 374 shares of the credit services provider’s stock worth $39,000 after purchasing an additional 321 shares during the last quarter. Finally, Princeton Global Asset Management LLC bought a new position in shares of Paypal in the 1st quarter worth $42,000. Hedge funds and other institutional investors own 80.97% of the company’s stock.

Shares of PYPL traded down $1.72 during midday trading on Wednesday, hitting $110.32. The stock had a trading volume of 6,567,467 shares, compared to its average volume of 5,544,327. The firm has a 50 day moving average of $116.91. Paypal Holdings Inc has a twelve month low of $74.66 and a twelve month high of $121.48. The firm has a market capitalization of $135.89 billion, a price-to-earnings ratio of 61.63, a price-to-earnings-growth ratio of 2.68 and a beta of 0.98.

Paypal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, July 24th. The credit services provider reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.12. The firm had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.33 billion. Paypal had a return on equity of 17.14% and a net margin of 15.36%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $0.58 EPS. Sell-side analysts predict that Paypal Holdings Inc will post 2.41 EPS for the current year.

Several research firms have recently issued reports on PYPL. JPMorgan Chase & Co. raised their price target on Paypal from $105.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, June 14th. Berenberg Bank restated a “buy” rating and issued a $125.00 price target on shares of Paypal in a research report on Friday, July 26th. Oppenheimer raised their price target on Paypal from $116.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. BidaskClub lowered Paypal from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Finally, Bank of America reiterated a “buy” rating and set a $131.00 target price (up from $123.00) on shares of Paypal in a report on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-three have assigned a buy rating to the stock. Paypal presently has a consensus rating of “Buy” and a consensus price target of $119.89.

In related news, EVP Aaron Karczmer sold 3,110 shares of Paypal stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $115.71, for a total value of $359,858.10. Following the sale, the executive vice president now owns 15,041 shares of the company’s stock, valued at $1,740,394.11. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jonathan Auerbach sold 8,730 shares of Paypal stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $113.80, for a total value of $993,474.00. Following the completion of the sale, the executive vice president now directly owns 120,470 shares in the company, valued at approximately $13,709,486. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,840 shares of company stock worth $7,977,932. 0.15% of the stock is owned by company insiders.

Paypal Company Profile

PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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