AlphaStar Capital Management LLC acquired a new position in Paypal Holdings Inc (NASDAQ:PYPL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,202 shares of the credit services provider’s stock, valued at approximately $309,000.
A number of other large investors also recently added to or reduced their stakes in PYPL. APG Asset Management N.V. grew its position in Paypal by 5.0% during the 3rd quarter. APG Asset Management N.V. now owns 641,293 shares of the credit services provider’s stock worth $41,062,000 after purchasing an additional 30,300 shares during the last quarter. Whittier Trust Co. grew its position in Paypal by 6.9% during the 3rd quarter. Whittier Trust Co. now owns 12,493 shares of the credit services provider’s stock worth $800,000 after purchasing an additional 805 shares during the last quarter. Personal Capital Advisors Corp purchased a new stake in Paypal during the 3rd quarter worth approximately $218,000. Raymond James Trust N.A. grew its position in Paypal by 16.2% during the 3rd quarter. Raymond James Trust N.A. now owns 13,049 shares of the credit services provider’s stock worth $836,000 after purchasing an additional 1,824 shares during the last quarter. Finally, First Trust Advisors LP grew its position in Paypal by 1.0% during the 3rd quarter. First Trust Advisors LP now owns 5,443,755 shares of the credit services provider’s stock worth $348,564,000 after purchasing an additional 54,958 shares during the last quarter. 82.48% of the stock is currently owned by institutional investors.
Several analysts have weighed in on the stock. Credit Suisse Group dropped their target price on shares of Paypal from $91.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 14th. Zacks Investment Research downgraded shares of Paypal from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. Wells Fargo & Co raised shares of Paypal from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a research report on Monday, February 5th. Vetr raised shares of Paypal from a “hold” rating to a “buy” rating and set a $86.65 target price on the stock in a research report on Thursday, February 1st. Finally, Citigroup reissued a “buy” rating and set a $90.00 target price on shares of Paypal in a research report on Thursday, February 1st. Nine research analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $76.97.
Shares of Paypal Holdings Inc (PYPL) opened at $79.69 on Friday. The company has a market cap of $95,780.00 and a price-to-earnings ratio of 49.19. Paypal Holdings Inc has a 1-year low of $41.74 and a 1-year high of $86.32.
Paypal (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.52 by $0.03. The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.64 billion. Paypal had a net margin of 13.71% and a return on equity of 11.59%. The firm’s revenue was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.42 EPS. analysts anticipate that Paypal Holdings Inc will post 1.75 earnings per share for the current year.
In related news, Director Rodney C. Adkins purchased 6,750 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was bought at an average price of $74.04 per share, with a total value of $499,770.00. Following the acquisition, the director now owns 10,149 shares in the company, valued at $751,431.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Aaron Anderson sold 9,367 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $77.84, for a total transaction of $729,127.28. Following the completion of the sale, the vice president now directly owns 18,480 shares of the company’s stock, valued at approximately $1,438,483.20. The disclosure for this sale can be found here. In the last three months, insiders sold 164,739 shares of company stock valued at $12,811,076. 6.00% of the stock is owned by insiders.
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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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