Laurel Wealth Advisors Inc. Acquires 976 Shares of PayPal (PYPL)

Laurel Wealth Advisors Inc. increased its stake in shares of PayPal (NASDAQ:PYPL) by 20.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,657 shares of the credit services provider’s stock after acquiring an additional 976 shares during the period. Laurel Wealth Advisors Inc.’s holdings in PayPal were worth $416,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. BlackRock Inc. increased its stake in PayPal by 6.6% in the 4th quarter. BlackRock Inc. now owns 69,404,765 shares of the credit services provider’s stock valued at $5,109,580,000 after buying an additional 4,324,405 shares during the last quarter. Jennison Associates LLC increased its stake in PayPal by 117.3% in the 4th quarter. Jennison Associates LLC now owns 16,354,298 shares of the credit services provider’s stock valued at $1,204,003,000 after buying an additional 8,827,558 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in PayPal by 5.6% in the 4th quarter. TIAA CREF Investment Management LLC now owns 12,194,144 shares of the credit services provider’s stock valued at $897,733,000 after buying an additional 647,237 shares during the last quarter. Geode Capital Management LLC increased its stake in PayPal by 5.5% in the 4th quarter. Geode Capital Management LLC now owns 12,165,443 shares of the credit services provider’s stock valued at $893,768,000 after buying an additional 629,582 shares during the last quarter. Finally, Harding Loevner LP increased its stake in PayPal by 86.1% in the 3rd quarter. Harding Loevner LP now owns 11,353,818 shares of the credit services provider’s stock valued at $381,030,000 after buying an additional 5,253,746 shares during the last quarter. Institutional investors and hedge funds own 80.57% of the company’s stock.

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Shares of PYPL stock traded down $3.09 during midday trading on Friday, hitting $73.86. 8,179,131 shares of the company were exchanged, compared to its average volume of 8,808,834. The company has a market capitalization of $88,643.82, a price-to-earnings ratio of 53.14, a PEG ratio of 2.44 and a beta of 1.28. PayPal has a 52 week low of $42.06 and a 52 week high of $86.32.

PayPal (NASDAQ:PYPL) last announced its 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 business 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%. PayPal’s revenue was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 EPS. equities research analysts anticipate that PayPal will post 1.73 earnings per share for the current fiscal year.

Several brokerages have issued reports on PYPL. Stifel Nicolaus lifted their price target on shares of PayPal from $77.00 to $79.00 and gave the company a “hold” rating in a research note on Thursday, February 1st. BTIG Research lowered shares of PayPal from a “buy” rating to a “neutral” rating in a research note on Thursday, February 1st. Nomura lifted their price target on shares of PayPal to $97.00 and gave the company a “buy” rating in a research note on Thursday, March 15th. Jefferies Group lifted their price target on shares of PayPal from $86.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $91.00 price target (up from $85.00) on shares of PayPal in a research note on Wednesday, January 17th. Ten equities research analysts have rated the stock with a hold rating, thirty-three have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $77.71.

In other PayPal news, insider Daniel H. Schulman sold 26,000 shares of the business’s stock in a transaction dated Thursday, March 29th. The shares were sold at an average price of $75.90, for a total value of $1,973,400.00. Following the completion of the sale, the insider now owns 346,300 shares of the company’s stock, valued at approximately $26,284,170. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO William J. Ready sold 60,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $77.68, for a total transaction of $4,660,800.00. Following the completion of the sale, the chief operating officer now directly owns 95,944 shares of the company’s stock, valued at approximately $7,452,929.92. The disclosure for this sale can be found here. Insiders sold a total of 222,413 shares of company stock valued at $17,321,428 in the last three months. Insiders own 6.00% of the company’s stock.

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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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