Goodnow Investment Group LLC reduced its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 4.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 893,282 shares of the credit services provider’s stock after selling 42,882 shares during the quarter. Paypal makes up approximately 11.8% of Goodnow Investment Group LLC’s portfolio, making the stock its largest position. Goodnow Investment Group LLC owned about 0.07% of Paypal worth $57,197,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the stock. Psagot Investment House Ltd. lifted its stake in Paypal by 31.9% in the third quarter. Psagot Investment House Ltd. now owns 81,967 shares of the credit services provider’s stock valued at $5,248,000 after acquiring an additional 19,803 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in Paypal by 7.3% in the third quarter. Asset Management One Co. Ltd. now owns 2,027,244 shares of the credit services provider’s stock valued at $129,777,000 after acquiring an additional 137,393 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Paypal by 109.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,057,626 shares of the credit services provider’s stock valued at $67,720,000 after acquiring an additional 553,627 shares during the last quarter. B. Riley Financial Inc. acquired a new stake in Paypal in the third quarter valued at approximately $228,000. Finally, Caisse DE Depot ET Placement DU Quebec lifted its stake in Paypal by 2.0% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 264,712 shares of the credit services provider’s stock valued at $17,021,000 after acquiring an additional 5,200 shares during the last quarter. Institutional investors and hedge funds own 80.81% of the company’s stock.
Shares of Paypal Holdings Inc (NASDAQ PYPL) opened at $73.14 on Thursday. Paypal Holdings Inc has a 52 week low of $38.80 and a 52 week high of $79.39. The firm has a market cap of $85,575.99, a price-to-earnings ratio of 50.86, a price-to-earnings-growth ratio of 2.92 and a beta of 1.03.
Paypal (NASDAQ:PYPL) last posted its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.03. Paypal had a net margin of 12.69% and a return on equity of 11.33%. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter in the previous year, the company earned $0.35 earnings per share. The business’s revenue was up 21.4% compared to the same quarter last year. equities research analysts expect that Paypal Holdings Inc will post 1.37 earnings per share for the current fiscal year.
A number of equities analysts have recently commented on PYPL shares. Credit Suisse Group reissued an “outperform” rating and issued a $70.00 price target (up previously from $63.00) on shares of Paypal in a research report on Tuesday, October 10th. BTIG Research reissued a “buy” rating and issued a $81.00 price target on shares of Paypal in a research report on Sunday, November 19th. Vetr raised shares of Paypal from a “hold” rating to a “buy” rating and set a $80.21 price target on the stock in a research report on Wednesday, November 29th. Robert W. Baird lifted their price target on shares of Paypal from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, November 16th. Finally, Bank of America lifted their price target on shares of Paypal from $80.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, November 20th. Ten analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $73.25.
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Paypal Company Profile
PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.
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