Lindsell Train Ltd Grows Stake in Paypal Holdings Inc (NASDAQ:PYPL)

Lindsell Train Ltd increased its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 0.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,465,007 shares of the credit services provider’s stock after buying an additional 14,800 shares during the period. Paypal comprises about 13.0% of Lindsell Train Ltd’s portfolio, making the stock its 2nd biggest position. Lindsell Train Ltd owned 0.55% of Paypal worth $671,262,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund boosted its holdings in shares of Paypal by 7,419.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 19,412,765 shares of the credit services provider’s stock valued at $231,000 after acquiring an additional 19,154,611 shares during the period. Norges Bank acquired a new stake in shares of Paypal during the fourth quarter worth $906,735,000. Lunia Capital LP lifted its holdings in Paypal by 5,015.1% in the fourth quarter. Lunia Capital LP now owns 4,152,952 shares of the credit services provider’s stock valued at $4,153,000 after acquiring an additional 4,071,762 shares during the period. Vanguard Group Inc lifted its holdings in Paypal by 3.7% in the third quarter. Vanguard Group Inc now owns 86,484,524 shares of the credit services provider’s stock valued at $7,596,801,000 after acquiring an additional 3,056,620 shares during the period. Finally, DSM Capital Partners LLC increased its position in shares of Paypal by 119.4% in the fourth quarter. DSM Capital Partners LLC now owns 3,419,751 shares of the credit services provider’s stock valued at $287,567,000 after buying an additional 1,861,400 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

NASDAQ:PYPL traded up $0.45 during mid-day trading on Friday, hitting $116.17. 4,074,395 shares of the company’s stock traded hands, compared to its average volume of 6,899,875. Paypal Holdings Inc has a 12 month low of $74.66 and a 12 month high of $117.45. The company has a market cap of $134.53 billion, a price-to-earnings ratio of 64.90, a PEG ratio of 2.86 and a beta of 1.02.

Paypal (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, April 24th. The credit services provider reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.11. Paypal had a return on equity of 15.50% and a net margin of 13.92%. The company had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.13 billion. During the same quarter last year, the company earned $0.57 EPS. The company’s quarterly revenue was up 12.1% on a year-over-year basis. On average, research analysts predict that Paypal Holdings Inc will post 2.24 EPS for the current fiscal year.

PYPL has been the topic of several research analyst reports. Wells Fargo & Co lifted their price objective on Paypal from $105.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Royal Bank of Canada boosted their price target on Paypal to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Morgan Stanley lifted their price objective on Paypal from $113.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. BidaskClub downgraded Paypal from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 24th. Finally, BTIG Research boosted their price target on Paypal from $114.00 to $130.00 and gave the company a “buy” rating in a report on Monday, May 6th. They noted that the move was a valuation call. Ten equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $108.66.

In other Paypal news, insider Daniel H. Schulman sold 30,000 shares of Paypal stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $112.38, for a total transaction of $3,371,400.00. Following the transaction, the insider now directly owns 553,821 shares in the company, valued at $62,238,403.98. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO William J. Ready sold 46,038 shares of Paypal stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $108.77, for a total value of $5,007,553.26. Following the completion of the sale, the chief operating officer now directly owns 88,098 shares in the company, valued at approximately $9,582,419.46. The disclosure for this sale can be found here. Insiders have sold a total of 180,714 shares of company stock valued at $19,911,348 over the last ninety days. Insiders own 0.15% of the company’s stock.

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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.

Further Reading: Earnings Per Share

Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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