Somerville Kurt F lifted its holdings in Paypal Holdings Inc (NASDAQ:PYPL) by 58.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,790 shares of the credit services provider’s stock after acquiring an additional 3,965 shares during the period. Somerville Kurt F’s holdings in Paypal were worth $793,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the stock. San Francisco Sentry Investment Group CA raised its position in Paypal by 352.8% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock worth $100,000 after purchasing an additional 1,217 shares during the period. Arcadia Investment Management Corp MI increased its position in shares of Paypal by 230.4% during the fourth quarter. Arcadia Investment Management Corp MI now owns 1,434 shares of the credit services provider’s stock worth $106,000 after acquiring an additional 1,000 shares during the period. Front Row Advisors LLC purchased a new position in shares of Paypal during the fourth quarter worth approximately $111,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Paypal during the third quarter worth approximately $113,000. Finally, Kistler Tiffany Companies LLC increased its position in shares of Paypal by 511.9% during the third quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock worth $129,000 after acquiring an additional 1,684 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.
In other Paypal news, VP Aaron Anderson sold 9,367 shares of Paypal stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $77.84, for a total value of $729,127.28. Following the completion of the transaction, the vice president now owns 18,480 shares of the company’s stock, valued at $1,438,483.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Adele Louise Pentland sold 6,000 shares of Paypal stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $78.11, for a total transaction of $468,660.00. Following the completion of the transaction, the executive vice president now directly owns 46,045 shares of the company’s stock, valued at approximately $3,596,574.95. The disclosure for this sale can be found here. Insiders have sold 126,344 shares of company stock valued at $9,818,481 over the last 90 days. 6.00% of the stock is currently owned by insiders.
Paypal Holdings Inc (NASDAQ PYPL) traded up $2.05 during midday trading on Wednesday, reaching $77.02. 6,668,724 shares of the company were exchanged, compared to its average volume of 11,245,104. The firm has a market capitalization of $91,950.00 and a P/E ratio of 52.40. Paypal Holdings Inc has a 52 week low of $41.27 and a 52 week high of $86.32.
Paypal (NASDAQ:PYPL) last posted its earnings results on Wednesday, January 31st. The credit services provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. The company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.64 billion. Paypal had a net margin of 13.71% and a return on equity of 11.59%. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.42 earnings per share. analysts expect that Paypal Holdings Inc will post 1.75 EPS for the current year.
A number of brokerages have recently commented on PYPL. Wells Fargo & Co raised their target price on shares of Paypal from $65.00 to $70.00 and gave the stock a “market perform” rating in a research report on Friday, October 20th. Craig Hallum set a $93.00 target price on shares of Paypal and gave the stock a “buy” rating in a research report on Monday, November 20th. Jefferies Group lifted their price objective on shares of Paypal from $86.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Stifel Nicolaus lifted their price objective on shares of Paypal from $77.00 to $79.00 and gave the company a “hold” rating in a report on Thursday, February 1st. Finally, Vetr raised shares of Paypal from a “hold” rating to a “buy” rating and set a $86.65 price objective on the stock in a report on Thursday, February 1st. Nine equities research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $76.97.
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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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