Today: Teacher Retirement System of Texas cuts position of Paypal Holdings Inc. (PYPL)

Today: Teacher Retirement System of Texas cuts position of Paypal Holdings Inc. (PYPL)

Teacher Retirement System of Texas cut its stake in shares of Paypal Holdings Inc. (NASDAQ:PYPL) by 5.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 632,117 shares of the company’s stock after selling 36,987 shares during the period. Teacher Retirement System of Texas owned approximately 0.05% of Paypal Holdings worth $25,898,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Paypal Holdings by 0.9% in the second quarter. Vanguard Group Inc. now owns 69,535,527 shares of the company’s stock valued at $2,538,742,000 after buying an additional 620,002 shares during the last quarter. Jackson Square Partners LLC raised its position in shares of Paypal Holdings by 6.9% in the second quarter. Jackson Square Partners LLC now owns 25,313,524 shares of the company’s stock valued at $1,071,595,000 after buying an additional 1,631,771 shares during the last quarter. Lone Pine Capital LLC raised its position in shares of Paypal Holdings by 6.2% in the second quarter. Lone Pine Capital LLC now owns 11,080,118 shares of the company’s stock valued at $404,535,000 after buying an additional 650,000 shares during the last quarter. Winslow Capital Management LLC raised its position in shares of Paypal Holdings by 53.5% in the third quarter. Winslow Capital Management LLC now owns 10,060,110 shares of the company’s stock valued at $412,163,000 after buying an additional 3,505,881 shares during the last quarter. Finally, Fundsmith LLP raised its position in shares of Paypal Holdings by 114.2% in the second quarter. Fundsmith LLP now owns 9,896,155 shares of the company’s stock valued at $361,309,000 after buying an additional 5,276,062 shares during the last quarter. 79.70% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Paypal Holdings Inc. (NASDAQ:PYPL) traded down 0.30% during trading on Monday, hitting $40.14. 1,758,784 shares of the company’s stock were exchanged. Paypal Holdings Inc. has a 1-year low of $30.52 and a 1-year high of $44.52. The firm has a market capitalization of $47.37 billion, a PE ratio of 35.52 and a beta of 1.06. The stock’s 50 day moving average is $40.66 and its 200 day moving average is $38.82.

Paypal Holdings (NASDAQ:PYPL) last released its quarterly earnings data on Thursday, October 20th. The company reported $0.35 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. The firm had revenue of $2.67 billion for 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 company’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.31 EPS. On average, equities research analysts forecast that Paypal Holdings Inc. will post $1.50 earnings per share for the current year.

Several equities analysts have issued reports on the company. Cantor Fitzgerald reaffirmed a “buy” rating and set a $46.00 price objective on shares of Paypal Holdings in a report on Tuesday, August 9th. Zacks Investment Research lowered Paypal Holdings from a “hold” rating to a “sell” rating in a report on Saturday, September 24th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $49.00 price objective (up previously from $47.00) on shares of Paypal Holdings in a report on Sunday, October 23rd. Credit Suisse Group AG reaffirmed a “buy” rating and set a $43.00 price objective on shares of Paypal Holdings in a report on Friday, August 12th. Finally, Wedbush reaffirmed an “outperform” rating and set a $50.00 price objective on shares of Paypal Holdings in a report on Monday, August 1st. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $45.21.

In other Paypal Holdings news, VP Aaron Anderson sold 2,644 shares of the company’s stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $41.78, for a total value of $110,466.32. Following the transaction, the vice president now owns 10,043 shares in the company, valued at approximately $419,596.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO William J. Ready sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $41.72, for a total transaction of $2,086,000.00. Following the completion of the transaction, the chief operating officer now owns 59,999 shares in the company, valued at approximately $2,503,158.28. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by company insiders.

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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