Vickerman & Driscoll Financial Advisors Inc. grew its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 10.7% in the fourth quarter, HoldingsChannel reports. The firm owned 19,762 shares of the credit services provider’s stock after purchasing an additional 1,912 shares during the period. Paypal comprises approximately 1.3% of Vickerman & Driscoll Financial Advisors Inc.’s holdings, making the stock its 22nd biggest position. Vickerman & Driscoll Financial Advisors Inc.’s holdings in Paypal were worth $1,662,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PYPL. Oregon Public Employees Retirement Fund grew its position in Paypal by 7,419.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 19,412,765 shares of the credit services provider’s stock worth $231,000 after acquiring an additional 19,154,611 shares in the last quarter. Morgan Stanley grew its position in Paypal by 57.3% in the third quarter. Morgan Stanley now owns 10,450,968 shares of the credit services provider’s stock worth $918,012,000 after acquiring an additional 3,805,346 shares in the last quarter. FMR LLC grew its position in Paypal by 4.2% in the third quarter. FMR LLC now owns 80,780,079 shares of the credit services provider’s stock worth $7,095,722,000 after acquiring an additional 3,283,378 shares in the last quarter. Vanguard Group Inc lifted its stake in Paypal by 3.7% in the third quarter. Vanguard Group Inc now owns 86,484,524 shares of the credit services provider’s stock worth $7,596,801,000 after purchasing an additional 3,056,620 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Paypal by 3.7% in the third quarter. Vanguard Group Inc. now owns 86,484,524 shares of the credit services provider’s stock worth $7,596,801,000 after purchasing an additional 3,056,620 shares during the last quarter. Hedge funds and other institutional investors own 81.68% of the company’s stock.
In other Paypal news, insider Daniel H. Schulman sold 22,764 shares of the company’s stock in a transaction dated Thursday, December 27th. The shares were sold at an average price of $81.41, for a total value of $1,853,217.24. Following the sale, the insider now owns 312,590 shares in the company, valued at $25,447,951.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Gary J. Marino sold 2,017 shares of the company’s stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $91.11, for a total transaction of $183,768.87. Following the completion of the sale, the insider now owns 42,317 shares in the company, valued at approximately $3,855,501.87. The disclosure for this sale can be found here. In the last 90 days, insiders sold 325,823 shares of company stock worth $30,176,386. Corporate insiders own 0.20% of the company’s stock.
PYPL stock traded up $0.04 during trading on Wednesday, reaching $101.58. The company had a trading volume of 45,148 shares, compared to its average volume of 6,471,690. The company has a market cap of $119.08 billion, a P/E ratio of 56.69, a PEG ratio of 2.61 and a beta of 1.03. Paypal Holdings Inc has a 52 week low of $70.22 and a 52 week high of $101.83.
Paypal (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, January 30th. The credit services provider reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.02. The business had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.23 billion. Paypal had a net margin of 13.31% and a return on equity of 14.67%. The business’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.55 earnings per share. As a group, equities research analysts anticipate that Paypal Holdings Inc will post 2.14 earnings per share for the current year.
Several analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Paypal from a “hold” rating to a “sell” rating in a research note on Monday. Bank of America reissued a “buy” rating and issued a $116.00 price target (up from $102.00) on shares of Paypal in a research note on Friday, March 15th. BidaskClub raised shares of Paypal from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 9th. Nomura boosted their price target on shares of Paypal from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, February 28th. Finally, Buckingham Research downgraded shares of Paypal from a “buy” rating to a “neutral” rating and set a $99.00 price target for the company. in a research note on Monday, February 25th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Paypal presently has a consensus rating of “Buy” and a consensus price target of $98.47.
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Paypal Company Profile
PayPal Holdings, Inc operates as a technology platform and digital payments 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 iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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