UMB Bank N A MO Grows Stock Position in Paypal Holdings Inc (NASDAQ:PYPL)

UMB Bank N A MO boosted its position in Paypal Holdings Inc (NASDAQ:PYPL) by 245.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,678 shares of the credit services provider’s stock after buying an additional 45,231 shares during the quarter. UMB Bank N A MO’s holdings in Paypal were worth $7,289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in PYPL. FMR LLC grew its position in shares of Paypal by 3.8% in the first quarter. FMR LLC now owns 82,843,184 shares of the credit services provider’s stock valued at $8,602,436,000 after purchasing an additional 3,002,568 shares in the last quarter. Fundsmith LLP grew its position in shares of Paypal by 0.9% in the first quarter. Fundsmith LLP now owns 15,338,423 shares of the credit services provider’s stock valued at $1,592,742,000 after purchasing an additional 136,213 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Paypal by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 14,422,120 shares of the credit services provider’s stock valued at $1,210,539,000 after purchasing an additional 851,398 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Paypal by 2.2% in the first quarter. Janus Henderson Group PLC now owns 7,146,346 shares of the credit services provider’s stock valued at $742,077,000 after purchasing an additional 156,166 shares in the last quarter. Finally, Clearbridge Investments LLC grew its position in shares of Paypal by 2.8% in the first quarter. Clearbridge Investments LLC now owns 6,760,481 shares of the credit services provider’s stock valued at $702,008,000 after purchasing an additional 181,932 shares in the last quarter. 80.82% of the stock is owned by institutional investors and hedge funds.

PYPL stock traded down $1.97 during mid-day trading on Friday, hitting $104.82. 5,721,420 shares of the stock were exchanged, compared to its average volume of 8,026,360. The firm’s fifty day simple moving average is $115.10. Paypal Holdings Inc has a 12 month low of $74.66 and a 12 month high of $121.48. The company has a market cap of $125.66 billion, a PE ratio of 58.56, a price-to-earnings-growth ratio of 2.47 and a beta of 0.97.

Paypal (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, July 24th. The credit services provider reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.12. Paypal had a return on equity of 17.14% and a net margin of 15.36%. The firm had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the previous year, the company posted $0.58 earnings per share. The company’s revenue was up 11.7% compared to the same quarter last year. As a group, equities analysts anticipate that Paypal Holdings Inc will post 2.41 EPS for the current year.

In other Paypal 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 transaction of $359,858.10. Following the completion of the sale, the executive vice president now owns 15,041 shares of the company’s stock, valued at $1,740,394.11. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Daniel H. Schulman sold 30,000 shares of Paypal stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $109.73, for a total value of $3,291,900.00. Following the sale, the insider now directly owns 538,821 shares of the company’s stock, valued at approximately $59,124,828.33. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 101,840 shares of company stock valued at $11,336,732. Corporate insiders own 0.15% of the company’s stock.

PYPL has been the subject of several recent research reports. Royal Bank of Canada lifted their price target on Paypal to $120.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Barclays lifted their price objective on Paypal from $117.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, April 17th. Morgan Stanley lifted their price objective on Paypal from $114.00 to $129.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Loop Capital lifted their price objective on Paypal to $100.00 and gave the company a “hold” rating in a research note on Tuesday, April 16th. Finally, JPMorgan Chase & Co. lifted their price objective on Paypal from $105.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, June 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $120.81.

About Paypal

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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