Paypal Holdings Inc (NASDAQ:PYPL) Stake Lessened by Janus Henderson Group PLC

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Janus Henderson Group PLC cut its stake in Paypal Holdings Inc (NASDAQ:PYPL) by 5.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,770,782 shares of the credit services provider’s stock after selling 375,564 shares during the period. Janus Henderson Group PLC owned approximately 0.58% of Paypal worth $774,973,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Mcmillion Capital Management Inc. bought a new stake in Paypal during the second quarter worth approximately $35,000. AGF Investments LLC boosted its holdings in Paypal by 55.6% during the second quarter. AGF Investments LLC now owns 308 shares of the credit services provider’s stock worth $35,000 after buying an additional 110 shares in the last quarter. Semmax Financial Advisors Inc. boosted its holdings in Paypal by 630.2% during the first quarter. Semmax Financial Advisors Inc. now owns 314 shares of the credit services provider’s stock worth $33,000 after buying an additional 271 shares in the last quarter. Private Ocean LLC boosted its holdings in Paypal by 386.7% during the first quarter. Private Ocean LLC now owns 365 shares of the credit services provider’s stock worth $38,000 after buying an additional 290 shares in the last quarter. Finally, Princeton Global Asset Management LLC bought a new stake in Paypal during the first quarter worth approximately $42,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

PYPL stock opened at $107.47 on Thursday. Paypal Holdings Inc has a 12-month low of $74.66 and a 12-month high of $121.48. The company has a market cap of $126.68 billion, a price-to-earnings ratio of 60.04, a PEG ratio of 2.49 and a beta of 0.97. The company has a 50 day moving average of $111.42 and a two-hundred day moving average of $108.04.

Paypal (NASDAQ:PYPL) last released its earnings results on Wednesday, July 24th. The credit services provider reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.12. The company had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.33 billion. Paypal had a net margin of 15.36% and a return on equity of 17.14%. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.58 EPS. As a group, analysts expect that Paypal Holdings Inc will post 2.41 EPS for the current fiscal year.

In other news, insider Daniel H. Schulman sold 30,000 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $111.09, for a total transaction of $3,332,700.00. Following the transaction, the insider now owns 523,821 shares in the company, valued at approximately $58,191,274.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John D. Rainey sold 7,283 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $107.23, for a total transaction of $780,956.09. Following the completion of the transaction, the chief financial officer now owns 115,128 shares in the company, valued at $12,345,175.44. The disclosure for this sale can be found here. Insiders have sold a total of 132,417 shares of company stock worth $14,518,300 in the last 90 days. 0.15% of the stock is owned by insiders.

A number of analysts recently weighed in on the stock. Wedbush set a $140.00 target price on shares of Paypal and gave the stock a “buy” rating in a report on Friday, August 16th. Deutsche Bank raised their target price on shares of Paypal from $120.00 to $127.00 and gave the stock a “positive” rating in a report on Tuesday, July 16th. Oppenheimer raised their target price on shares of Paypal from $116.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Berenberg Bank restated a “buy” rating and issued a $125.00 price target on shares of Paypal in a research report on Friday, July 26th. Finally, Morgan Stanley upped their price target on shares of Paypal from $114.00 to $129.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Eight analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $120.99.

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.

Featured Story: Mutual Funds

Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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