Monday, 28 November 2016

Renaissance Investment Group LLC Has $4,112,000 Stake in Paypal Holdings Inc. (PYPL)


Renaissance Investment Group LLC increased its position in Paypal Holdings Inc. (NASDAQ:PYPL) by 5.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 100,345 shares of the company’s stock after buying an additional 5,108 shares during the period. Paypal Holdings makes up about 2.0% of Renaissance Investment Group LLC’s investment portfolio, making the stock its 22nd largest position. Renaissance Investment Group LLC’s holdings in Paypal Holdings were worth $4,112,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the company. Artemis Investment Management LLP boosted its stake in shares of Paypal Holdings by 60.6% in the second quarter. Artemis Investment Management LLP now owns 342,141 shares of the company’s stock worth $12,495,000 after buying an additional 129,047 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its stake in Paypal Holdings by 4.0% in the second quarter. Candriam Luxembourg S.C.A. now owns 467,009 shares of the company’s stock valued at $17,051,000 after buying an additional 17,796 shares in the last quarter. Cullen Frost Bankers Inc. boosted its stake in Paypal Holdings by 1.9% in the second quarter. Cullen Frost Bankers Inc. now owns 405,333 shares of the company’s stock valued at $14,799,000 after buying an additional 7,364 shares in the last quarter. National Planning Corp boosted its stake in Paypal Holdings by 7.2% in the second quarter. National Planning Corp now owns 11,978 shares of the company’s stock valued at $438,000 after buying an additional 805 shares in the last quarter. Finally, Flossbach Von Storch AG boosted its stake in Paypal Holdings by 7.6% in the second quarter. Flossbach Von Storch AG now owns 1,794,990 shares of the company’s stock valued at $65,535,000 after buying an additional 127,260 shares in the last quarter. Institutional investors and hedge funds own 79.70% of the company’s stock.
Shares of Paypal Holdings Inc. (NASDAQ:PYPL) traded down 0.75% during trading on Monday, hitting $39.96. The stock had a trading volume of 4,168,767 shares. Paypal Holdings Inc. has a 12-month low of $30.52 and a 12-month high of $44.52. The stock’s 50-day moving average is $40.66 and its 200-day moving average is $38.82. The stock has a market cap of $47.15 billion, a price-to-earnings ratio of 35.36 and a beta of 1.06.


Paypal Holdings (NASDAQ:PYPL) last announced its quarterly earnings data on Thursday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. The business had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $2.65 billion. Paypal Holdings had a return on equity of 10.67% and a net margin of 13.23%. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period last year, the firm earned $0.31 earnings per share. On average, equities research analysts expect that Paypal Holdings Inc. will post $1.50 EPS for the current year.

Several research firms recently issued reports on PYPL. Cantor Fitzgerald reiterated a “buy” rating and set a $46.00 target price on shares of Paypal Holdings in a research report on Tuesday, August 9th. Zacks Investment Research cut Paypal Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, September 24th. Goldman Sachs Group Inc. reiterated a “buy” rating and set a $49.00 target price (up previously from $47.00) on shares of Paypal Holdings in a research report on Sunday, October 23rd. Credit Suisse Group AG reiterated a “buy” rating and set a $43.00 target price on shares of Paypal Holdings in a research report on Friday, August 12th. Finally, Wedbush reiterated an “outperform” rating and set a $50.00 target price on shares of Paypal Holdings in a research report on Monday, August 1st. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $45.21.

In related news, VP Aaron Anderson sold 2,644 shares of the stock in a transaction on Monday, October 31st. The stock was sold at an average price of $41.78, for a total value of $110,466.32. Following the transaction, the vice president now owns 10,043 shares of the company’s stock, valued at $419,596.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gary J. Marino sold 1,726 shares of the stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $40.87, for a total value of $70,541.62. Following the completion of the transaction, the executive vice president now directly owns 44,505 shares in the company, valued at approximately $1,818,919.35. The disclosure for this sale can be found here. 7.00% of the stock is owned by insiders.

Paypal Holdings Company Profile
PayPal Holdings, Inc (PayPal) is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants across the world. The Company allows businesses of all sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions.

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