California Public Employees Retirement System Purchases 92,282 Shares of Paypal Holdings Inc (PYPL)

California Public Employees Retirement System raised its position in Paypal Holdings Inc (NASDAQ:PYPL) by 4.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,370,036 shares of the credit services provider’s stock after acquiring an additional 92,282 shares during the period. California Public Employees Retirement System owned about 0.20% of Paypal worth $151,753,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Rhumbline Advisers raised its holdings in shares of Paypal by 0.9% in the 2nd quarter. Rhumbline Advisers now owns 1,850,531 shares of the credit services provider’s stock worth $99,318,000 after buying an additional 17,139 shares in the last quarter. Fundsmith LLP raised its holdings in shares of Paypal by 6.8% in the 2nd quarter. Fundsmith LLP now owns 14,051,261 shares of the credit services provider’s stock worth $754,131,000 after buying an additional 889,976 shares in the last quarter. Shikiar Asset Management Inc. raised its holdings in shares of Paypal by 2,671.9% in the 2nd quarter. Shikiar Asset Management Inc. now owns 141,365 shares of the credit services provider’s stock worth $7,587,000 after buying an additional 136,265 shares in the last quarter. Smith Asset Management Group LP acquired a new position in shares of Paypal in the 2nd quarter worth approximately $50,648,000. Finally, Mn Services Vermogensbeheer B.V. raised its holdings in shares of Paypal by 0.7% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 188,272 shares of the credit services provider’s stock worth $12,055,000 after buying an additional 1,400 shares in the last quarter. 80.81% of the stock is owned by hedge funds and other institutional investors.

Paypal Holdings Inc (PYPL) opened at $72.91 on Monday. Paypal Holdings Inc has a 12-month low of $39.02 and a 12-month high of $79.39. The company has a market capitalization of $87,631.27, a price-to-earnings ratio of 52.08, a price-to-earnings-growth ratio of 2.99 and a beta of 1.03.

Paypal (NASDAQ:PYPL) last posted its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. Paypal had a return on equity of 11.33% and a net margin of 12.69%. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.18 billion. During the same period last year, the company earned $0.35 EPS. The firm’s revenue was up 21.4% on a year-over-year basis. equities analysts expect that Paypal Holdings Inc will post 1.37 EPS for the current year.

A number of equities analysts have recently issued reports on PYPL shares. Zacks Investment Research cut Paypal from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 25th. Morgan Stanley raised their price target on Paypal from $76.00 to $77.00 and gave the company an “overweight” rating in a report on Friday, October 20th. Robert W. Baird reaffirmed a “buy” rating and set a $80.00 price target (up from $65.00) on shares of Paypal in a report on Friday, October 20th. Bank of America reaffirmed a “buy” rating and set a $78.00 price target (up from $71.00) on shares of Paypal in a report on Friday, October 6th. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of Paypal in a report on Tuesday, September 5th. Ten research analysts have rated the stock with a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $73.25.

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Paypal Profile

PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.

Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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