Syntal Capital Partners LLC increased its stake in Paypal Holdings Inc (NASDAQ:PYPL) by 81.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,980 shares of the credit services provider’s stock after buying an additional 10,307 shares during the quarter. Paypal makes up 0.5% of Syntal Capital Partners LLC’s holdings, making the stock its 24th biggest position. Syntal Capital Partners LLC’s holdings in Paypal were worth $1,691,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. acquired a new stake in shares of Paypal in the 4th quarter valued at approximately $282,000. Sterling Investment Management Inc. boosted its holdings in shares of Paypal by 5.0% in the 4th quarter. Sterling Investment Management Inc. now owns 50,252 shares of the credit services provider’s stock valued at $3,700,000 after buying an additional 2,375 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Paypal by 3.8% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,804,671 shares of the credit services provider’s stock valued at $280,100,000 after buying an additional 139,758 shares during the last quarter. Burns J W & Co. Inc. NY boosted its holdings in shares of Paypal by 10.5% in the 4th quarter. Burns J W & Co. Inc. NY now owns 28,453 shares of the credit services provider’s stock valued at $2,095,000 after buying an additional 2,698 shares during the last quarter. Finally, Koshinski Asset Management Inc. acquired a new stake in shares of Paypal in the 4th quarter valued at approximately $507,000. 81.90% of the stock is owned by institutional investors.
In other news, Director Rodney C. Adkins purchased 6,750 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were purchased at an average cost of $74.04 per share, with a total value of $499,770.00. Following the completion of the purchase, the director now owns 10,149 shares of the company’s stock, valued at approximately $751,431.96. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 6.00% of the company’s stock.
PYPL has been the subject of several recent analyst reports. Credit Suisse Group reissued an “outperform” rating and issued a $85.00 price objective (up previously from $74.00) on shares of Paypal in a report on Friday, November 17th. Barclays increased their price target on Paypal from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, October 20th. Citigroup restated a “buy” rating and issued a $87.00 price target on shares of Paypal in a research note on Friday, November 17th. Zacks Investment Research cut Paypal from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, Argus increased their price target on Paypal from $80.00 to $87.00 and gave the company a “buy” rating in a research note on Friday, November 17th. Ten research analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and one has issued a strong buy rating to the company. Paypal currently has an average rating of “Buy” and an average price target of $76.55.
Paypal Holdings Inc (PYPL) traded up $0.47 during trading hours on Thursday, reaching $82.94. The company had a trading volume of 7,263,491 shares, compared to its average volume of 8,313,473. The firm has a market capitalization of $99,690.00 and a price-to-earnings ratio of 64.80. Paypal Holdings Inc has a fifty-two week low of $39.02 and a fifty-two week high of $82.61.
Paypal (NASDAQ:PYPL) last announced its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.18 billion. During the same period last year, the firm posted $0.35 earnings per share. The business’s revenue for the quarter was up 21.4% on a year-over-year basis. sell-side analysts forecast that Paypal Holdings Inc will post 1.37 EPS for the current fiscal year.
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Paypal Company 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.
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