Trade Report: Today, TD Asset Management Inc. Buys 337,067 Shares of Paypal Holdings Inc. (PYPL)

Today, TD Asset Management Inc. Buys 337,067 Shares of Paypal Holdings Inc. (PYPL)

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

Other large investors have also bought and sold shares of the company. Newman Dignan & Sheerar Inc. boosted its position in shares of Paypal Holdings by 5.4% in the second quarter. Newman Dignan & Sheerar Inc. now owns 9,208 shares of the company’s stock valued at $336,000 after buying an additional 475 shares during the period. Exxonmobil Investment Management Inc. TX boosted its position in shares of Paypal Holdings by 5.4% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 285,497 shares of the company’s stock valued at $10,423,000 after buying an additional 14,597 shares during the period. DNB Asset Management AS boosted its position in shares of Paypal Holdings by 5.4% in the second quarter. DNB Asset Management AS now owns 91,780 shares of the company’s stock valued at $3,351,000 after buying an additional 4,700 shares during the period. British Columbia Investment Management Corp boosted its position in shares of Paypal Holdings by 3.3% in the second quarter. British Columbia Investment Management Corp now owns 525,618 shares of the company’s stock valued at $19,190,000 after buying an additional 16,574 shares during the period. Finally, NEXT Financial Group Inc boosted its position in shares of Paypal Holdings by 88.6% in the second quarter. NEXT Financial Group Inc now owns 4,576 shares of the company’s stock valued at $167,000 after buying an additional 2,150 shares during the period. 79.70% of the stock is currently owned by institutional investors and hedge funds.

Shares of Paypal Holdings Inc. (NASDAQ:PYPL) traded down 0.5159% on Monday, reaching $40.0523. 2,056,717 shares of the company’s stock traded hands. The firm’s 50 day moving average is $40.66 and its 200 day moving average is $38.82. Paypal Holdings Inc. has a 52 week low of $30.52 and a 52 week high of $44.52. The firm has a market capitalization of $47.26 billion, a P/E ratio of 35.4445 and a beta of 1.06.

Paypal Holdings (NASDAQ:PYPL) last announced its quarterly 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 had revenue of $2.67 billion for 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 revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS. Analysts expect that Paypal Holdings Inc. will post $1.50 earnings per share for the current fiscal year.

Several brokerages have issued reports on PYPL. Vetr cut shares of Paypal Holdings from a “strong-buy” rating to a “buy” rating and set a $46.45 target price for the company. in a report on Tuesday, November 8th. Canaccord Genuity reissued a “hold” rating and set a $40.00 price objective on shares of Paypal Holdings in a report on Sunday, October 23rd. Barclays PLC reissued an “overweight” rating and set a $46.00 price objective (down from $47.00) on shares of Paypal Holdings in a report on Sunday, October 23rd. Goldman Sachs Group Inc. reissued a “buy” rating and set a $49.00 price objective (up from $47.00) on shares of Paypal Holdings in a report on Sunday, October 23rd. Finally, Mizuho boosted their price objective on shares of Paypal Holdings from $46.00 to $48.00 and gave the company a “buy” rating in a report on Sunday, October 23rd. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $45.21.

In other news, EVP Gary J. Marino sold 1,726 shares of the business’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $40.87, for a total transaction of $70,541.62. Following the transaction, 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 filing with the SEC, which is available at this hyperlink. Also, VP Aaron Anderson sold 2,644 shares of the business’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $41.78, for a total transaction of $110,466.32. Following the transaction, the vice president now directly owns 10,043 shares in the company, valued at approximately $419,596.54. 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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