Todays Report: Today, Renaissance Investment Group LLC decides to keep it stake in Paypal Holdings Inc. (PYPL) to the level of $4,112,000

Today, Renaissance Investment Group LLC decides to keep it stake in Paypal Holdings Inc. (PYPL) to the level of $4,112,000

Renaissance Investment Group LLC raised its stake in shares of Paypal Holdings Inc. (NASDAQ:PYPL) by 5.4% during the third quarter, Holdings Channel reports. The fund owned 100,345 shares of the company’s stock after buying an additional 5,108 shares during the period. Paypal Holdings accounts for about 2.0% of Renaissance Investment Group LLC’s holdings, making the stock its 22nd largest position. Renaissance Investment Group LLC’s holdings in Paypal Holdings were worth $4,112,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Artemis Investment Management LLP raised its position in Paypal Holdings by 60.6% in the second quarter. Artemis Investment Management LLP now owns 342,141 shares of the company’s stock valued at $12,495,000 after buying an additional 129,047 shares during the last quarter. Candriam Luxembourg S.C.A. raised its position in Paypal Holdings by 4.0% in the second quarter. Candriam Luxembourg S.C.A. now owns 467,009 shares of the company’s stock valued at $17,051,000 after buying an additional 17,796 shares during the last quarter. Cullen Frost Bankers Inc. raised its position in Paypal Holdings by 1.9% in the second quarter. Cullen Frost Bankers Inc. now owns 405,333 shares of the company’s stock valued at $14,799,000 after buying an additional 7,364 shares during the last quarter. National Planning Corp raised its position in Paypal Holdings by 7.2% in the second quarter. National Planning Corp now owns 11,978 shares of the company’s stock valued at $438,000 after buying an additional 805 shares during the last quarter. Finally, Flossbach Von Storch AG raised its position in Paypal Holdings by 7.6% in the second quarter. Flossbach Von Storch AG now owns 1,794,990 shares of the company’s stock valued at $65,535,000 after buying an additional 127,260 shares during the last quarter. Institutional investors and hedge funds own 79.70% of the company’s stock.

Paypal Holdings Inc. (NASDAQ:PYPL) traded down 0.75% on Monday, reaching $39.96. 4,168,767 shares of the company’s stock traded hands. The firm has a market cap of $47.15 billion, a price-to-earnings ratio of 35.36 and a beta of 1.06. Paypal Holdings Inc. has a 52-week low of $30.52 and a 52-week high of $44.52. The stock’s 50 day moving average is $40.66 and its 200 day moving average is $38.82.

Paypal Holdings (NASDAQ:PYPL) last posted its quarterly earnings data on Thursday, October 20th. The company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. The firm earned $2.67 billion during the quarter, compared to analysts’ expectations of $2.65 billion. Paypal Holdings had a net margin of 13.23% and a return on equity of 10.67%. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.31 EPS. On average, equities research analysts predict that Paypal Holdings Inc. will post $1.50 EPS for the current fiscal year.

PYPL has been the topic of several recent research reports. BTIG Research set a $48.00 target price on shares of Paypal Holdings and gave the company a “buy” rating in a report on Wednesday, September 7th. Cantor Fitzgerald restated a “buy” rating on shares of Paypal Holdings in a report on Sunday, August 28th. Vetr upgraded shares of Paypal Holdings from a “hold” rating to a “buy” rating and set a $42.50 target price on the stock in a report on Monday, October 3rd. Wedbush restated an “outperform” rating and set a $50.00 target price on shares of Paypal Holdings in a report on Friday, September 23rd. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $52.00 price objective on shares of Paypal Holdings in a report on Friday, October 21st. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $45.21.

In other news, VP Aaron Anderson sold 2,644 shares of Paypal Holdings stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $41.78, for a total transaction of $110,466.32. Following the completion of the sale, the vice president now owns 10,043 shares in the company, valued at approximately $419,596.54. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Gary J. Marino sold 1,726 shares of Paypal Holdings stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $40.87, for a total transaction of $70,541.62. Following the sale, the executive vice president now owns 44,505 shares of the company’s stock, valued at approximately $1,818,919.35. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.

About Paypal Holdings

PayPal Holdings, Inc (PayPal) is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants across the world. The Company allows businesses of all sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions.

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