Atria Investments LLC boosted its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 8.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,111 shares of the credit services provider’s stock after purchasing an additional 2,465 shares during the quarter. Atria Investments LLC’s holdings in Paypal were worth $2,438,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Fundsmith LLP raised its stake in Paypal by 6.8% during the 2nd quarter. Fundsmith LLP now owns 14,051,261 shares of the credit services provider’s stock valued at $754,131,000 after acquiring an additional 889,976 shares in the last quarter. AXA raised its stake in Paypal by 68.4% during the 3rd quarter. AXA now owns 382,248 shares of the credit services provider’s stock valued at $24,475,000 after acquiring an additional 155,268 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in Paypal by 0.7% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 188,272 shares of the credit services provider’s stock valued at $12,055,000 after acquiring an additional 1,400 shares in the last quarter. Rhumbline Advisers raised its stake in Paypal by 1.2% during the 3rd quarter. Rhumbline Advisers now owns 1,871,868 shares of the credit services provider’s stock valued at $119,856,000 after acquiring an additional 21,337 shares in the last quarter. Finally, Wealthfront Inc. raised its stake in Paypal by 19.2% during the 2nd quarter. Wealthfront Inc. now owns 42,458 shares of the credit services provider’s stock valued at $2,279,000 after acquiring an additional 6,829 shares in the last quarter. Institutional investors and hedge funds own 81.90% of the company’s stock.
Paypal Holdings Inc (NASDAQ PYPL) opened at $82.94 on Friday. The stock has a market capitalization of $99,690.00 and a price-to-earnings ratio of 64.80. Paypal Holdings Inc has a 1-year low of $39.02 and a 1-year high of $83.44.
Paypal (NASDAQ:PYPL) last issued its earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.03. The business had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.18 billion. Paypal had a return on equity of 11.33% and a net margin of 12.69%. The company’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 EPS. research analysts forecast that Paypal Holdings Inc will post 1.37 EPS for the current year.
PYPL has been the topic of several recent analyst reports. Bank of America reaffirmed a “buy” rating and set a $78.00 target price (up previously from $71.00) on shares of Paypal in a research note on Friday, October 6th. Guggenheim reaffirmed a “buy” rating and set a $72.00 target price (up previously from $67.00) on shares of Paypal in a research note on Thursday, October 5th. Deutsche Bank reaffirmed a “buy” rating and set a $77.00 target price (up previously from $64.00) on shares of Paypal in a research note on Tuesday, October 3rd. Citigroup lifted their target price on Paypal to $77.00 and gave the company a “buy” rating in a research note on Tuesday, October 3rd. Finally, Buckingham Research initiated coverage on Paypal in a research note on Monday, October 2nd. They set a “buy” rating and a $74.00 target price on the stock. 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. The stock currently has an average rating of “Buy” and an average price target of $76.55.
In related news, Director Rodney C. Adkins bought 6,750 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were acquired at an average cost of $74.04 per share, for a total transaction of $499,770.00. Following the acquisition, the director now directly owns 10,149 shares of the company’s stock, valued at approximately $751,431.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 6.00% of the company’s stock.
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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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