Creative Planning lifted its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 22.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 53,222 shares of the credit services provider’s stock after acquiring an additional 9,827 shares during the period. Creative Planning’s holdings in Paypal were worth $3,918,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. Westside Investment Management Inc. grew its stake in shares of Paypal by 0.4% during the second quarter. Westside Investment Management Inc. now owns 13,849 shares of the credit services provider’s stock worth $761,000 after acquiring an additional 60 shares during the last quarter. Calamos Wealth Management LLC grew its stake in shares of Paypal by 0.3% during the second quarter. Calamos Wealth Management LLC now owns 38,860 shares of the credit services provider’s stock worth $2,086,000 after acquiring an additional 98 shares during the last quarter. Ropes Wealth Advisors LLC grew its stake in shares of Paypal by 1.2% during the second quarter. Ropes Wealth Advisors LLC now owns 8,642 shares of the credit services provider’s stock worth $464,000 after acquiring an additional 99 shares during the last quarter. Linscomb & Williams Inc. grew its stake in shares of Paypal by 0.7% during the second quarter. Linscomb & Williams Inc. now owns 16,248 shares of the credit services provider’s stock worth $872,000 after acquiring an additional 117 shares during the last quarter. Finally, Green Square Capital LLC grew its stake in shares of Paypal by 2.0% during the second quarter. Green Square Capital LLC now owns 6,748 shares of the credit services provider’s stock worth $362,000 after acquiring an additional 133 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.
In other Paypal news, Director Rodney C. Adkins bought 6,750 shares of Paypal stock in a transaction dated Friday, December 8th. The stock was acquired at an average cost of $74.04 per share, with a total value of $499,770.00. Following the purchase, the director now directly owns 10,149 shares in the company, valued at approximately $751,431.96. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, EVP Adele Louise Pentland sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $78.11, for a total value of $468,660.00. Following the transaction, the executive vice president now directly owns 46,045 shares of the company’s stock, valued at $3,596,574.95. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 126,344 shares of company stock valued at $9,818,481. Corporate insiders own 6.00% of the company’s stock.
Shares of Paypal Holdings Inc (NASDAQ:PYPL) traded up $0.53 during mid-day trading on Monday, hitting $75.28. The stock had a trading volume of 10,419,393 shares, compared to its average volume of 11,110,000. The firm has a market cap of $90,480.00 and a P/E ratio of 51.21. Paypal Holdings Inc has a twelve month low of $40.56 and a twelve month high of $86.32.
Paypal (NASDAQ:PYPL) last announced its earnings results on Wednesday, January 31st. The credit services provider reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ 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 business’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.42 EPS. equities analysts expect that Paypal Holdings Inc will post 1.75 earnings per share for the current fiscal year.
A number of brokerages have recently weighed in on PYPL. BTIG Research lowered Paypal from a “buy” rating to a “neutral” rating in a research note on Thursday, February 1st. Stifel Nicolaus upped 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. Jefferies Group upped their target price on Paypal from $86.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Credit Suisse Group reiterated an “outperform” rating and issued a $91.00 target price (up previously from $85.00) on shares of Paypal in a research report on Wednesday, January 17th. Finally, Guggenheim reiterated a “buy” rating on shares of Paypal in a research report on Thursday, February 1st. Nine research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the company. Paypal has a consensus rating of “Buy” and an average target price of $77.04.
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PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.
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