New York State Teachers Retirement System boosted its stake in Paypal Holdings Inc (NASDAQ:PYPL) by 0.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,807,147 shares of the credit services provider’s stock after purchasing an additional 11,823 shares during the period. New York State Teachers Retirement System owned about 0.15% of Paypal worth $206,846,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in PYPL. Dimensional Fund Advisors LP increased its stake in shares of Paypal by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,149,415 shares of the credit services provider’s stock valued at $180,744,000 after buying an additional 6,044 shares during the period. Geode Capital Management LLC increased its stake in shares of Paypal by 6.3% during the fourth quarter. Geode Capital Management LLC now owns 14,422,120 shares of the credit services provider’s stock valued at $1,210,539,000 after buying an additional 851,398 shares during the period. Stone Ridge Asset Management LLC increased its stake in shares of Paypal by 21.0% during the fourth quarter. Stone Ridge Asset Management LLC now owns 18,268 shares of the credit services provider’s stock valued at $1,536,000 after buying an additional 3,176 shares during the period. Principal Financial Group Inc. increased its stake in shares of Paypal by 6.8% during the fourth quarter. Principal Financial Group Inc. now owns 3,563,628 shares of the credit services provider’s stock valued at $299,666,000 after buying an additional 227,279 shares during the period. Finally, Kelly Lawrence W & Associates Inc. CA boosted its position in shares of Paypal by 0.8% during the fourth quarter. Kelly Lawrence W & Associates Inc. CA now owns 254,362 shares of the credit services provider’s stock valued at $21,389,000 after purchasing an additional 1,996 shares in the last quarter. 80.85% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Daniel H. Schulman sold 30,000 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $111.09, for a total value of $3,332,700.00. Following the completion of the transaction, the insider now owns 523,821 shares in the company, valued at $58,191,274.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jonathan Auerbach sold 8,730 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $113.80, for a total value of $993,474.00. Following the completion of the transaction, the executive vice president now owns 120,470 shares of the company’s stock, valued at approximately $13,709,486. The disclosure for this sale can be found here. Insiders sold 110,250 shares of company stock valued at $12,245,960 in the last 90 days. Company insiders own 0.15% of the company’s stock.

Paypal stock traded up $0.37 during mid-day trading on Friday, hitting $115.49. The company had a trading volume of 7,995,085 shares, compared to its average volume of 5,478,520. The business has a 50 day simple moving average of $117.00. Paypal Holdings Inc has a 12 month low of $74.66 and a 12 month high of $121.48. The company has a market capitalization of $135.26 billion, a P/E ratio of 64.52, a PEG ratio of 2.82 and a beta of 0.98.

Paypal (NASDAQ:PYPL) last released its earnings results on Wednesday, July 24th. The credit services provider reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.12. Paypal had a return on equity of 17.14% and a net margin of 15.36%. The business had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the previous year, the company posted $0.58 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, analysts predict that Paypal Holdings Inc will post 2.28 EPS for the current fiscal year.

Several research firms recently weighed in on PYPL. Bank of America set a $10.00 price target on HEXO and gave the company a “buy” rating in a research report on Thursday, June 13th. Zacks Investment Research lowered GasLog Partners LP Unit from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 2nd. SunTrust Banks restated a “hold” rating and set a $44.00 price target on shares of Shutterstock in a research report on Thursday, April 25th. Morgan Stanley lifted their price target on Williams-Sonoma from $52.00 to $56.00 and gave the company an “underweight” rating in a research report on Wednesday, July 10th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $60.00 price target on shares of Benefitfocus in a research report on Wednesday, May 1st. Nine analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $118.30.

Paypal Profile

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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