Trillium Asset Management LLC reduced its holdings in shares of PayPal (NASDAQ:PYPL) by 1.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 450,591 shares of the credit services provider’s stock after selling 7,337 shares during the period. PayPal accounts for approximately 1.9% of Trillium Asset Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Trillium Asset Management LLC’s holdings in PayPal were worth $34,186,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of PYPL. Arcadia Investment Management Corp MI grew its stake in shares of PayPal by 230.4% in the 4th quarter. Arcadia Investment Management Corp MI now owns 1,434 shares of the credit services provider’s stock valued at $106,000 after buying an additional 1,000 shares during the period. Truewealth LLC acquired a new stake in shares of PayPal in the 4th quarter valued at about $106,000. Jacobi Capital Management LLC grew its stake in shares of PayPal by 122.4% in the 1st quarter. Jacobi Capital Management LLC now owns 1,461 shares of the credit services provider’s stock valued at $110,000 after buying an additional 804 shares during the period. Front Row Advisors LLC acquired a new stake in shares of PayPal in the 4th quarter valued at about $111,000. Finally, Risk Paradigm Group LLC grew its stake in shares of PayPal by 282.5% in the 4th quarter. Risk Paradigm Group LLC now owns 1,530 shares of the credit services provider’s stock valued at $113,000 after buying an additional 1,130 shares during the period. Hedge funds and other institutional investors own 78.26% of the company’s stock.
In related news, EVP Adele Louise Pentland sold 16,778 shares of PayPal stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $77.76, for a total value of $1,304,657.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO William J. Ready sold 72,000 shares of PayPal stock in a transaction that occurred on Friday, April 27th. The stock was sold at an average price of $75.32, for a total transaction of $5,423,040.00. The disclosure for this sale can be found here. Insiders sold a total of 201,964 shares of company stock worth $15,385,614 in the last ninety days. 0.20% of the stock is currently owned by insiders.
Several brokerages have recently commented on PYPL. BidaskClub upgraded PayPal from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Zacks Investment Research downgraded PayPal from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. ValuEngine upgraded PayPal from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Craig Hallum set a $93.00 target price on PayPal and gave the company a “buy” rating in a research note on Friday, May 18th. Finally, Credit Suisse Group reduced their target price on PayPal from $91.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $81.47.
NASDAQ:PYPL opened at $80.20 on Wednesday. The company has a market capitalization of $96.48 billion, a P/E ratio of 57.70, a P/E/G ratio of 2.68 and a beta of 1.28. PayPal has a 12 month low of $49.77 and a 12 month high of $86.32.
PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, April 25th. The credit services provider reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The company had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.59 billion. PayPal had a net margin of 13.92% and a return on equity of 12.35%. PayPal’s revenue was up 23.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 EPS. analysts expect that PayPal will post 1.71 earnings per share for the current fiscal year.
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.
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