Today, TD Asset Management Inc. Boosts Stake in Paypal Holdings Inc. (PYPL)

Today, TD Asset Management Inc. Boosts Stake in Paypal Holdings Inc. (PYPL)

TD Asset Management Inc. increased its position in Paypal Holdings Inc. (NASDAQ:PYPL) by 49.7% during the third quarter, Holdings Channel reports. The institutional investor owned 1,014,846 shares of the company’s stock after buying an additional 337,067 shares during the period. TD Asset Management Inc. owned 0.09% of Paypal Holdings worth $41,578,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Fundsmith LLP increased its stake in Paypal Holdings by 114.2% in the second quarter. Fundsmith LLP now owns 9,896,155 shares of the company’s stock worth $361,309,000 after buying an additional 5,276,062 shares during the last quarter. Coatue Management LLC increased its stake in Paypal Holdings by 107.1% in the second quarter. Coatue Management LLC now owns 8,983,256 shares of the company’s stock worth $327,979,000 after buying an additional 4,645,171 shares during the last quarter. Winslow Capital Management LLC increased its stake in Paypal Holdings by 53.5% in the third quarter. Winslow Capital Management LLC now owns 10,060,110 shares of the company’s stock worth $412,163,000 after buying an additional 3,505,881 shares during the last quarter. Brown Advisory Inc. increased its stake in Paypal Holdings by 157.4% in the second quarter. Brown Advisory Inc. now owns 5,202,891 shares of the company’s stock worth $189,957,000 after buying an additional 3,181,496 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in Paypal Holdings by 153.1% in the second quarter. Marshall Wace LLP now owns 3,883,568 shares of the company’s stock worth $141,789,000 after buying an additional 2,349,376 shares during the last quarter. Hedge funds and other institutional investors own 79.70% of the company’s stock.

Paypal Holdings Inc. (NASDAQ:PYPL) traded down 0.5159% during midday trading on Monday, reaching $40.0523. 2,056,717 shares of the company were exchanged. The company has a 50 day moving average of $40.66 and a 200-day moving average of $38.82. The company has a market capitalization of $47.26 billion, a price-to-earnings ratio of 35.4445 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.

Paypal Holdings (NASDAQ:PYPL) last posted its earnings results 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 analyst estimates of $2.65 billion. Paypal Holdings had a net margin of 13.23% and a return on equity of 10.67%. The business’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 EPS. On average, equities research analysts anticipate that Paypal Holdings Inc. will post $1.50 earnings per share for the current fiscal year.

A number of equities research analysts recently issued reports on PYPL shares. Wedbush reaffirmed an “outperform” rating and set a $50.00 price target on shares of Paypal Holdings in a research note on Monday, August 1st. Vetr raised shares of Paypal Holdings from a “buy” rating to a “strong-buy” rating and set a $41.29 price target on the stock in a research note on Tuesday, August 2nd. RBC Capital Markets reaffirmed an “outperform” rating and set a $46.00 price target on shares of Paypal Holdings in a research note on Wednesday, August 3rd. Cantor Fitzgerald reaffirmed a “buy” rating and set a $46.00 price target on shares of Paypal Holdings in a research note on Tuesday, August 9th. Finally, TheStreet initiated coverage on shares of Paypal Holdings in a research note on Wednesday, August 10th. They issued a “hold” rating on the stock. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $45.21.

In related news, EVP Gary J. Marino sold 1,726 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $40.87, for a total value of $70,541.62. Following the completion of the sale, the executive vice president now owns 44,505 shares of the company’s stock, valued at approximately $1,818,919.35. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Tomer Barel sold 28,768 shares of the business’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $41.84, for a total transaction of $1,203,653.12. Following the completion of the sale, the executive vice president now directly owns 47,283 shares of the company’s stock, valued at approximately $1,978,320.72. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.

Paypal Holdings Company Profile

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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