Rampart Investment Management Company LLC Has $3.17 Million Position in Paypal Holdings Inc (NASDAQ:PYPL)

Rampart Investment Management Company LLC reduced its stake in Paypal Holdings Inc (NASDAQ:PYPL) by 8.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 27,676 shares of the credit services provider’s stock after selling 2,485 shares during the period. Rampart Investment Management Company LLC’s holdings in Paypal were worth $3,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the business. FMR LLC increased its holdings 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 during the last quarter. BlackRock Inc. boosted its position in shares of Paypal by 1.6% in the second quarter. BlackRock Inc. now owns 74,983,829 shares of the credit services provider’s stock valued at $8,582,649,000 after acquiring an additional 1,194,180 shares during the period. Edgewood Management LLC boosted its position in shares of Paypal by 0.7% in the second quarter. Edgewood Management LLC now owns 16,863,040 shares of the credit services provider’s stock valued at $1,930,144,000 after acquiring an additional 122,291 shares during the period. Fundsmith LLP boosted 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 acquiring an additional 136,213 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Paypal by 0.9% in the second quarter. Northern Trust Corp now owns 13,928,963 shares of the credit services provider’s stock valued at $1,594,308,000 after acquiring an additional 118,396 shares during the period. Hedge funds and other institutional investors own 80.51% of the company’s stock.

In other news, CEO Daniel H. Schulman sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $110.87, for a total value of $3,326,100.00. Following the completion of the transaction, the chief executive officer now owns 457,074 shares of the company’s stock, valued at $50,675,794.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Aaron Karczmer sold 3,110 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $115.71, for a total value of $359,858.10. Following the completion of the transaction, the executive vice president now directly owns 15,041 shares of the company’s stock, valued at approximately $1,740,394.11. The disclosure for this sale can be found here. Insiders sold 132,417 shares of company stock valued at $14,511,700 in the last three months. Company insiders own 0.15% of the company’s stock.

Shares of PYPL stock traded down $0.69 on Monday, reaching $106.31. The company had a trading volume of 1,981,997 shares, compared to its average volume of 5,664,721. The stock has a market capitalization of $126.02 billion, a PE ratio of 59.39, a price-to-earnings-growth ratio of 2.47 and a beta of 0.98. Paypal Holdings Inc has a one year low of $74.66 and a one year high of $121.48. The business’s 50-day moving average is $107.90 and its 200 day moving average is $109.06.

Paypal (NASDAQ:PYPL) last posted its earnings results on Wednesday, July 24th. The credit services provider reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.12. The firm had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.33 billion. Paypal had a net margin of 15.36% and a return on equity of 17.14%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.58 earnings per share. On average, sell-side analysts forecast that Paypal Holdings Inc will post 2.41 earnings per share for the current year.

A number of brokerages have recently issued reports on PYPL. Robert W. Baird boosted their target price on shares of Paypal from $118.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. BidaskClub cut shares of Paypal from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Wedbush set a $140.00 price objective on shares of Paypal and gave the stock a “buy” rating in a research report on Friday, August 16th. Citigroup upped their price objective on shares of Paypal from $124.00 to $137.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Finally, Deutsche Bank upped their price objective on shares of Paypal from $120.00 to $127.00 and gave the stock a “positive” rating in a research report on Tuesday, July 16th. Eight research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $122.17.

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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