Paypal Holdings Inc (PYPL) Holdings Boosted by Nicollet Investment Management Inc.

Nicollet Investment Management Inc. raised its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 6.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,015 shares of the credit services provider’s stock after buying an additional 2,108 shares during the period. Paypal makes up 2.5% of Nicollet Investment Management Inc.’s portfolio, making the stock its 9th biggest position. Nicollet Investment Management Inc.’s holdings in Paypal were worth $3,740,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc grew its stake in shares of Paypal by 3.7% in the 3rd quarter. Vanguard Group Inc now owns 86,484,524 shares of the credit services provider’s stock worth $7,596,801,000 after purchasing an additional 3,056,620 shares during the last quarter. BlackRock Inc. grew its stake in shares of Paypal by 1.9% in the 4th quarter. BlackRock Inc. now owns 74,772,548 shares of the credit services provider’s stock worth $6,287,624,000 after purchasing an additional 1,393,628 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Paypal by 7,419.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 19,412,765 shares of the credit services provider’s stock worth $231,000 after purchasing an additional 19,154,611 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Paypal by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 14,422,120 shares of the credit services provider’s stock worth $1,210,539,000 after purchasing an additional 851,398 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Paypal by 2.6% in the 4th quarter. Northern Trust Corp now owns 13,371,403 shares of the credit services provider’s stock worth $1,124,402,000 after purchasing an additional 338,772 shares during the last quarter. 82.26% of the stock is currently owned by hedge funds and other institutional investors.

Paypal stock opened at $109.85 on Friday. The company has a market capitalization of $129.07 billion, a PE ratio of 61.37, a PEG ratio of 2.80 and a beta of 1.05. Paypal Holdings Inc has a fifty-two week low of $74.66 and a fifty-two week high of $114.66.

Paypal (NASDAQ:PYPL) last released its earnings results on Wednesday, April 24th. The credit services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.11. The business had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.13 billion. Paypal had a net margin of 13.92% and a return on equity of 15.50%. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the firm posted $0.57 earnings per share. As a group, research analysts predict that Paypal Holdings Inc will post 2.24 EPS for the current year.

Several equities analysts have recently issued reports on PYPL shares. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Paypal in a research note on Wednesday, May 1st. KeyCorp lifted their price objective on shares of Paypal from $115.00 to $118.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th. Robert W. Baird lifted their price objective on shares of Paypal from $990.00 to $118.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Oppenheimer lifted their price objective on shares of Paypal from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, January 31st. Finally, BidaskClub raised shares of Paypal from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 1st. Ten analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $107.68.

In related news, EVP Adele Louise Pentland sold 74,021 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $97.08, for a total transaction of $7,185,958.68. Following the completion of the sale, the executive vice president now directly owns 162,735 shares in the company, valued at $15,798,313.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO William J. Ready sold 62,296 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $97.07, for a total transaction of $6,047,072.72. Following the sale, the chief operating officer now owns 177,330 shares of the company’s stock, valued at $17,213,423.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 323,844 shares of company stock valued at $33,363,756. 0.15% of the stock is currently owned by corporate insiders.

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About Paypal

PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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