Quantbot Technologies LP purchased a new stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 178,664 shares of the credit services provider’s stock, valued at approximately $15,693,000. Paypal comprises approximately 1.1% of Quantbot Technologies LP’s holdings, making the stock its largest position.
Other institutional investors have also recently made changes to their positions in the company. Whitener Capital Management Inc. bought a new stake in shares of Paypal in the 3rd quarter valued at approximately $102,000. Archford Capital Strategies LLC lifted its stake in shares of Paypal by 92.6% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,300 shares of the credit services provider’s stock valued at $108,000 after purchasing an additional 625 shares during the last quarter. Patton Albertson Miller Group LLC bought a new stake in shares of Paypal in the 3rd quarter valued at approximately $126,000. Landaas & Co. WI ADV bought a new stake in shares of Paypal in the 2nd quarter valued at approximately $135,000. Finally, Adviser Investments LLC lifted its stake in shares of Paypal by 165.3% in the 2nd quarter. Adviser Investments LLC now owns 1,653 shares of the credit services provider’s stock valued at $138,000 after purchasing an additional 1,030 shares during the last quarter. 81.17% of the stock is owned by institutional investors.
Several equities research analysts have recently issued reports on PYPL shares. BidaskClub lowered Paypal from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 18th. Zacks Investment Research lowered Paypal from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Paypal in a research note on Wednesday, August 29th. SunTrust Banks lowered their price objective on Paypal to $88.00 and set a “hold” rating for the company in a research note on Friday, October 19th. Finally, Nomura lowered their price objective on Paypal from $120.00 to $103.00 and set a “buy” rating for the company in a research note on Thursday, October 11th. Seven research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $94.96.
In other Paypal news, insider Daniel H. Schulman sold 26,000 shares of the firm’s stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $89.57, for a total transaction of $2,328,820.00. Following the transaction, the insider now directly owns 331,506 shares in the company, valued at approximately $29,692,992.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John J. Donahoe sold 139,290 shares of the firm’s stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $82.51, for a total value of $11,492,817.90. Following the transaction, the director now owns 125,136 shares in the company, valued at $10,324,971.36. The disclosure for this sale can be found here. Insiders have sold a total of 407,213 shares of company stock worth $34,392,948 over the last 90 days. 0.20% of the stock is currently owned by company insiders.
PYPL opened at $80.00 on Monday. The firm has a market cap of $91.85 billion, a price-to-earnings ratio of 57.55, a PEG ratio of 2.38 and a beta of 1.23. Paypal Holdings Inc has a 52 week low of $68.61 and a 52 week high of $93.70.
Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Thursday, October 18th. The credit services provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.54 by $0.04. The company had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.66 billion. Paypal had a return on equity of 13.60% and a net margin of 13.98%. Paypal’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period last year, the business posted $0.46 EPS. As a group, equities analysts predict that Paypal Holdings Inc will post 1.79 earnings per share for the current fiscal year.
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PayPal Holdings, Inc operates as a technology platform 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 Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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