Commerzbank Aktiengesellschaft FI Raises Stock Position in Paypal Holdings Inc (NASDAQ:PYPL)

Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 106.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,584 shares of the credit services provider’s stock after acquiring an additional 17,860 shares during the quarter. Paypal makes up approximately 1.8% of Commerzbank Aktiengesellschaft FI’s portfolio, making the stock its 7th largest holding. Commerzbank Aktiengesellschaft FI’s holdings in Paypal were worth $6,814,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Rosenberg Matthew Hamilton bought a new position in Paypal during the second quarter valued at approximately $26,000. Howe & Rusling Inc. raised its position in Paypal by 446.4% during the second quarter. Howe & Rusling Inc. now owns 153 shares of the credit services provider’s stock valued at $27,000 after acquiring an additional 125 shares in the last quarter. Optimum Investment Advisors raised its position in Paypal by 344.4% during the second quarter. Optimum Investment Advisors now owns 200 shares of the credit services provider’s stock valued at $35,000 after acquiring an additional 155 shares in the last quarter. Lloyd Advisory Services LLC. bought a new position in shares of Paypal in the second quarter valued at approximately $35,000. Finally, Watson Rebecca bought a new position in shares of Paypal in the second quarter valued at approximately $36,000. 83.43% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on PYPL shares. Citigroup lifted their price target on shares of Paypal from $186.00 to $218.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Keefe, Bruyette & Woods lifted their price target on shares of Paypal from $205.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Daiwa Capital Markets reissued an “outperform” rating and issued a $201.00 price target on shares of Paypal in a research report on Tuesday, July 21st. Barclays lifted their price target on shares of Paypal from $228.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, October 21st. Finally, Bank of America lifted their price target on shares of Paypal from $194.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Six investment analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has assigned a strong buy rating to the company. Paypal currently has a consensus rating of “Buy” and an average target price of $202.15.

In related news, CEO Daniel H. Schulman sold 25,000 shares of Paypal stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $183.82, for a total value of $4,595,500.00. Following the completion of the transaction, the chief executive officer now directly owns 469,603 shares of the company’s stock, valued at $86,322,423.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark Britto sold 9,000 shares of Paypal stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $193.68, for a total value of $1,743,120.00. Following the completion of the transaction, the executive vice president now directly owns 89,886 shares of the company’s stock, valued at $17,409,120.48. The disclosure for this sale can be found here. Insiders sold 114,409 shares of company stock valued at $22,178,495 over the last ninety days. 0.12% of the stock is currently owned by company insiders.

Shares of NASDAQ:PYPL traded down $4.48 on Monday, hitting $198.56. The stock had a trading volume of 177,443 shares, compared to its average volume of 8,691,287. Paypal Holdings Inc has a twelve month low of $82.07 and a twelve month high of $215.83. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 1.38. The firm’s 50 day moving average price is $192.44 and its 200-day moving average price is $168.13. The company has a market capitalization of $238.23 billion, a price-to-earnings ratio of 93.14, a price-to-earnings-growth ratio of 3.42 and a beta of 1.11.

Paypal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, July 29th. The credit services provider reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.46. Paypal had a return on equity of 16.17% and a net margin of 13.44%. The business had revenue of $5.26 billion during the quarter, compared to analysts’ expectations of $4.99 billion. During the same period in the previous year, the business posted $0.86 earnings per share. The firm’s revenue for the quarter was up 22.0% compared to the same quarter last year. As a group, sell-side analysts predict that Paypal Holdings Inc will post 2.76 EPS for the current year.

Paypal Company 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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