GHP Investment Advisors Inc. trimmed its holdings in shares of PayPal (NASDAQ:PYPL) by 6.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,229 shares of the credit services provider’s stock after selling 890 shares during the quarter. GHP Investment Advisors Inc.’s holdings in PayPal were worth $900,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Cigna Investments Inc. New increased its position in shares of PayPal by 1.4% during the 4th quarter. Cigna Investments Inc. New now owns 47,106 shares of the credit services provider’s stock worth $3,468,000 after purchasing an additional 641 shares during the last quarter. Waldron LP increased its position in shares of PayPal by 16.9% during the 4th quarter. Waldron LP now owns 4,467 shares of the credit services provider’s stock worth $328,000 after purchasing an additional 646 shares during the last quarter. Cetera Advisors LLC increased its position in shares of PayPal by 14.3% during the 3rd quarter. Cetera Advisors LLC now owns 5,449 shares of the credit services provider’s stock worth $346,000 after purchasing an additional 682 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of PayPal by 13.8% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,760 shares of the credit services provider’s stock worth $424,000 after purchasing an additional 700 shares during the last quarter. Finally, Bfsg LLC increased its position in shares of PayPal by 19.2% during the 4th quarter. Bfsg LLC now owns 4,479 shares of the credit services provider’s stock worth $330,000 after purchasing an additional 722 shares during the last quarter. 80.57% of the stock is owned by hedge funds and other institutional investors.
PYPL stock opened at $73.86 on Friday. The company has a market cap of $89,747.97, a P/E ratio of 53.14, a price-to-earnings-growth ratio of 2.47 and a beta of 1.28. PayPal has a fifty-two week low of $42.06 and a fifty-two 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 for the quarter, topping the consensus estimate of $0.52 by $0.03. PayPal had a return on equity of 11.59% and a net margin of 13.71%. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter in the previous year, the business earned $0.42 earnings per share. The firm’s revenue was up 25.6% compared to the same quarter last year. analysts forecast that PayPal will post 1.73 EPS for the current year.
In other PayPal news, VP Aaron Anderson sold 9,367 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $77.84, for a total value of $729,127.28. Following the completion of the sale, the vice president now owns 18,480 shares in the company, valued at $1,438,483.20. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director David M. Moffett sold 3,808 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $77.86, for a total value of $296,490.88. Following the completion of the sale, the director now owns 66,320 shares of the company’s stock, valued at approximately $5,163,675.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 222,413 shares of company stock valued at $17,321,428. 6.00% of the stock is owned by company insiders.
A number of analysts recently issued reports on the company. Jefferies Group raised their price objective on PayPal from $86.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Stifel Nicolaus lifted their target price on PayPal from $77.00 to $79.00 and gave the company a “hold” rating in a research report on Thursday, February 1st. Vetr raised PayPal from a “hold” rating to a “buy” rating and set a $86.65 target price for the company in a research report on Thursday, February 1st. Nomura lifted their target price on PayPal to $97.00 and gave the company a “buy” rating in a research report on Thursday, March 15th. Finally, Mizuho reaffirmed a “hold” rating and issued a $75.00 target price on shares of PayPal in a research report on Thursday, January 4th. Ten analysts have rated the stock with a hold rating, thirty-three 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 price target of $77.71.
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PayPal Company Profile
PayPal Holdings, Inc operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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