F&V Capital Management LLC lessened its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 13.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 92,970 shares of the credit services provider’s stock after selling 14,320 shares during the period. Paypal makes up about 3.6% of F&V Capital Management LLC’s holdings, making the stock its 10th biggest position. F&V Capital Management LLC’s holdings in Paypal were worth $6,844,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. DnB Asset Management AS grew its holdings in shares of Paypal by 6.3% during the 4th quarter. DnB Asset Management AS now owns 122,780 shares of the credit services provider’s stock valued at $9,039,000 after purchasing an additional 7,300 shares during the last quarter. Tandem Investment Advisors Inc. grew its holdings in shares of Paypal by 44.3% during the 4th quarter. Tandem Investment Advisors Inc. now owns 7,194 shares of the credit services provider’s stock valued at $530,000 after purchasing an additional 2,208 shares during the last quarter. Progressive Investment Management Corp grew its holdings in shares of Paypal by 2.1% during the 4th quarter. Progressive Investment Management Corp now owns 43,786 shares of the credit services provider’s stock valued at $3,224,000 after purchasing an additional 883 shares during the last quarter. Abner Herrman & Brock LLC grew its holdings in shares of Paypal by 1.0% during the 4th quarter. Abner Herrman & Brock LLC now owns 258,553 shares of the credit services provider’s stock valued at $19,035,000 after purchasing an additional 2,560 shares during the last quarter. Finally, QUANTRES ASSET MANAGEMENT Ltd bought a new position in shares of Paypal during the 4th quarter valued at $876,000. 81.70% of the stock is currently owned by institutional investors and hedge funds.
Paypal Holdings Inc (NASDAQ:PYPL) traded down $6.92 on Thursday, hitting $78.40. 44,270,000 shares of the company were exchanged, compared to its average volume of 7,620,000. The stock has a market capitalization of $94,230.00 and a P/E ratio of 53.33. Paypal Holdings Inc has a one year low of $39.02 and a one year high of $86.32.
Paypal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.64 billion. Paypal had a net margin of 16.56% and a return on equity of 15.83%. The firm’s revenue was up 25.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.42 earnings per share. analysts forecast that Paypal Holdings Inc will post 1.37 EPS for the current fiscal year.
In other Paypal news, Director Rodney C. Adkins acquired 6,750 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were bought at an average price of $74.04 per share, with a total value of $499,770.00. Following the completion of the acquisition, the director now owns 10,149 shares in the company, valued at approximately $751,431.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 6.00% of the company’s stock.
Several equities research analysts have weighed in on PYPL shares. Credit Suisse Group reissued an “outperform” rating and set a $85.00 price target (up previously from $74.00) on shares of Paypal in a research report on Friday, November 17th. Barclays increased their price target on shares of Paypal from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, October 20th. Citigroup reissued a “buy” rating and set a $87.00 price target on shares of Paypal in a research report on Friday, November 17th. Zacks Investment Research cut shares of Paypal from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Argus raised their target price on shares of Paypal from $80.00 to $87.00 and gave the stock a “buy” rating in a research report on Friday, November 17th. Eleven investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $76.91.
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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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