1,103,027 Shares in PayPal (NASDAQ:PYPL) Purchased by Millennium Management LLC

Millennium Management LLC purchased a new stake in shares of PayPal (NASDAQ:PYPL) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,103,027 shares of the credit services provider’s stock, valued at approximately $81,205,000. Millennium Management LLC owned 0.09% of PayPal as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Cigna Investments Inc. New increased its stake in PayPal by 1.4% in the fourth 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 period. Waldron LP increased its stake in PayPal by 16.9% in the fourth 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 period. Cetera Advisors LLC increased its stake in PayPal by 14.3% in the third 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 period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in PayPal by 13.8% in the fourth 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 period. Finally, Bfsg LLC increased its stake in PayPal by 19.2% in the fourth 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 period. Institutional investors own 80.57% of the company’s stock.

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NASDAQ PYPL traded down $3.09 during trading on Friday, hitting $73.86. The company’s stock had a trading volume of 8,179,131 shares, compared to its average volume of 8,808,834. The company has a market cap of $88,643.82, a PE ratio of 53.14, a P/E/G ratio of 2.44 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 issued its quarterly 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. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.64 billion. PayPal had a return on equity of 11.59% and a net margin of 13.71%. The company’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter last year, the company earned $0.42 earnings per share. analysts expect that PayPal will post 1.73 EPS for the current year.

In other PayPal news, VP Aaron Anderson sold 9,367 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $1,438,483.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO John D. Rainey sold 50,977 shares of PayPal stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $77.68, for a total value of $3,959,893.36. Following the sale, the chief financial officer now directly owns 114,020 shares of the company’s stock, valued at approximately $8,857,073.60. The disclosure for this sale can be found here. In the last three months, insiders sold 222,413 shares of company stock valued at $17,321,428. Corporate insiders own 6.00% of the company’s stock.

A number of analysts have weighed in on PYPL shares. Cantor Fitzgerald reiterated a “buy” rating and issued a $85.00 target price on shares of PayPal in a research note on Thursday, February 1st. Vetr lowered PayPal from a “strong-buy” rating to a “buy” rating and set a $81.80 price target on the stock. in a research note on Tuesday, January 2nd. Zacks Investment Research upgraded PayPal from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a research note on Wednesday, December 20th. BidaskClub lowered PayPal from a “strong-buy” rating to a “buy” rating in a research note on Monday, December 25th. Finally, Goldman Sachs restated a “buy” rating and set a $90.00 price target (up previously from $80.00) on shares of PayPal in a research note on Thursday, December 21st. Ten analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $77.71.

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About PayPal

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.

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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