Highstreet Asset Management Inc. bought a new position in shares of Paypal Holdings Inc (NASDAQ:PYPL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,227 shares of the credit services provider’s stock, valued at approximately $103,000.
A number of other large investors have also bought and sold shares of PYPL. Victory Capital Management Inc. boosted its stake in shares of Paypal by 15.9% during the 3rd quarter. Victory Capital Management Inc. now owns 389,099 shares of the credit services provider’s stock worth $34,178,000 after acquiring an additional 53,480 shares in the last quarter. Commerce Bank boosted its stake in shares of Paypal by 9.5% during the 3rd quarter. Commerce Bank now owns 18,418 shares of the credit services provider’s stock worth $1,618,000 after acquiring an additional 1,601 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Paypal by 21.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 89,426 shares of the credit services provider’s stock worth $7,855,000 after acquiring an additional 15,950 shares in the last quarter. HL Financial Services LLC purchased a new stake in shares of Paypal during the 3rd quarter worth approximately $240,000. Finally, Zevin Asset Management LLC boosted its stake in shares of Paypal by 5.2% during the 3rd quarter. Zevin Asset Management LLC now owns 18,089 shares of the credit services provider’s stock worth $1,589,000 after acquiring an additional 895 shares in the last quarter. Institutional investors and hedge funds own 79.15% of the company’s stock.
Several equities research analysts have recently commented on the company. Nomura boosted their price target on Paypal from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, February 28th. Zacks Investment Research raised Paypal from a “sell” rating to a “hold” rating in a research note on Tuesday. Buckingham Research lowered Paypal from a “buy” rating to a “neutral” rating and set a $99.00 price target on the stock. in a research note on Monday, February 25th. They noted that the move was a valuation call. BidaskClub raised Paypal from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, BTIG Research boosted their price target on Paypal to $114.00 and gave the stock a “buy” rating in a research note on Tuesday, February 19th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Paypal presently has an average rating of “Buy” and an average target price of $98.05.
Paypal (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, January 30th. The credit services provider reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.02. The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.23 billion. Paypal had a return on equity of 14.67% and a net margin of 13.31%. Paypal’s revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.55 EPS. Equities research analysts anticipate that Paypal Holdings Inc will post 2.14 earnings per share for the current fiscal year.
In other Paypal news, CFO John D. Rainey sold 32,999 shares of the business’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $89.21, for a total value of $2,943,840.79. Following the completion of the transaction, the chief financial officer now directly owns 140,844 shares in the company, valued at approximately $12,564,693.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Daniel H. Schulman sold 22,764 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 312,590 shares of the company’s stock, valued at $25,447,951.90. The disclosure for this sale can be found here. Insiders sold a total of 295,823 shares of company stock valued at $27,293,686 over the last quarter. 0.20% of the stock is currently owned by insiders.
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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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