Acadian Asset Management LLC Acquires 7,970 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Acadian Asset Management LLC lifted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 18.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,616 shares of the credit services provider’s stock after buying an additional 7,970 shares during the period. Acadian Asset Management LLC’s holdings in PayPal were worth $12,535,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. grew its holdings in PayPal by 0.3% during the 1st quarter. BlackRock Inc. now owns 82,599,745 shares of the credit services provider’s stock valued at $20,058,523,000 after purchasing an additional 236,932 shares during the last quarter. Jennison Associates LLC grew its holdings in PayPal by 19.2% during the 4th quarter. Jennison Associates LLC now owns 13,229,817 shares of the credit services provider’s stock valued at $3,098,423,000 after purchasing an additional 2,132,996 shares during the last quarter. Norges Bank bought a new position in PayPal during the 4th quarter valued at about $2,621,726,000. Fisher Asset Management LLC grew its holdings in PayPal by 3.6% during the 1st quarter. Fisher Asset Management LLC now owns 11,064,772 shares of the credit services provider’s stock valued at $2,686,969,000 after purchasing an additional 384,327 shares during the last quarter. Finally, Morgan Stanley grew its holdings in PayPal by 16.1% during the 4th quarter. Morgan Stanley now owns 9,814,891 shares of the credit services provider’s stock valued at $2,298,647,000 after purchasing an additional 1,362,423 shares during the last quarter. Hedge funds and other institutional investors own 79.19% of the company’s stock.

PYPL has been the subject of several research reports. Wells Fargo & Company boosted their price objective on shares of PayPal from $280.00 to $310.00 and gave the company an “overweight” rating in a research report on Thursday, May 6th. They noted that the move was a valuation call. BMO Capital Markets boosted their price objective on shares of PayPal from $241.00 to $256.00 and gave the company a “market perform” rating in a research report on Friday, May 7th. Susquehanna Bancshares boosted their price objective on shares of PayPal from $300.00 to $330.00 and gave the company a “positive” rating in a research report on Friday, February 12th. Citigroup boosted their price objective on shares of PayPal from $310.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, February 12th. Finally, Canaccord Genuity boosted their price objective on shares of PayPal from $306.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, February 12th. Five equities research analysts have rated the stock with a hold rating, thirty-five have given a buy rating and one has assigned a strong buy rating to the company. PayPal has a consensus rating of “Buy” and an average target price of $284.80.

In other news, EVP Jonathan Auerbach sold 14,242 shares of the stock in a transaction on Tuesday, May 25th. The shares were sold at an average price of $258.92, for a total value of $3,687,538.64. Following the sale, the executive vice president now owns 91,774 shares in the company, valued at $23,762,124.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Daniel H. Schulman sold 10,000 shares of the stock in a transaction on Friday, April 30th. The stock was sold at an average price of $263.11, for a total transaction of $2,631,100.00. Following the completion of the sale, the chief executive officer now owns 273,854 shares in the company, valued at approximately $72,053,725.94. The disclosure for this sale can be found here. Insiders sold 49,042 shares of company stock worth $12,695,319 in the last quarter. Company insiders own 0.10% of the company’s stock.

Shares of PayPal stock opened at $269.47 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.29. PayPal Holdings, Inc. has a 12-month low of $151.89 and a 12-month high of $309.14. The firm has a market cap of $316.55 billion, a price-to-earnings ratio of 61.38, a price-to-earnings-growth ratio of 3.32 and a beta of 1.15. The company’s 50 day moving average is $258.66.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, May 5th. The credit services provider reported $1.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.21. PayPal had a net margin of 22.80% and a return on equity of 20.21%. During the same quarter last year, the business posted $0.66 EPS. Equities research analysts anticipate that PayPal Holdings, Inc. will post 3.51 EPS for the current fiscal year.

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, Hyperwallet, and iZettle products. The company's payments platform allows consumers to send and receive 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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