Broadleaf Partners LLC cut its holdings in Paypal Holdings Inc (NASDAQ:PYPL) by 1.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,599 shares of the credit services provider’s stock after selling 481 shares during the period. Paypal accounts for about 3.3% of Broadleaf Partners LLC’s portfolio, making the stock its 8th largest holding. Broadleaf Partners LLC’s holdings in Paypal were worth $4,839,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. American Assets Investment Management LLC increased its position in shares of Paypal by 16.4% during the fourth quarter. American Assets Investment Management LLC now owns 72,990 shares of the credit services provider’s stock worth $6,138,000 after acquiring an additional 10,300 shares during the period. CX Institutional boosted its stake in shares of Paypal by 605.7% during the first quarter. CX Institutional now owns 374 shares of the credit services provider’s stock worth $39,000 after buying an additional 321 shares during the period. Concorde Asset Management LLC boosted its stake in shares of Paypal by 3.1% during the fourth quarter. Concorde Asset Management LLC now owns 4,027 shares of the credit services provider’s stock worth $339,000 after buying an additional 121 shares during the period. Actinver Wealth Management Inc. acquired a new stake in shares of Paypal during the fourth quarter worth about $560,000. Finally, Calamos Wealth Management LLC acquired a new stake in shares of Paypal during the fourth quarter worth about $464,000. Hedge funds and other institutional investors own 81.33% of the company’s stock.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Paypal from a “hold” rating to a “buy” rating and set a $116.00 target price for the company in a research note on Tuesday, April 2nd. DZ Bank cut shares of Paypal from a “buy” rating to a “hold” rating in a report on Thursday, January 31st. BidaskClub cut shares of Paypal from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 7th. Oppenheimer increased their target price on shares of Paypal from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, January 31st. Finally, Bank of America reaffirmed a “buy” rating and issued a $116.00 target price (up from $102.00) on shares of Paypal in a report on Friday, March 15th. Nine equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $99.69.
Shares of PYPL opened at $108.14 on Tuesday. Paypal Holdings Inc has a 1-year low of $70.22 and a 1-year high of $109.00. The company has a market cap of $127.16 billion, a PE ratio of 60.41, a price-to-earnings-growth ratio of 2.70 and a beta of 1.03.
Paypal (NASDAQ:PYPL) last released its earnings results on Wednesday, January 30th. The credit services provider reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.02. The firm had revenue of $4.23 billion during 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%. Paypal’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.55 EPS. As a group, research analysts predict that Paypal Holdings Inc will post 2.21 earnings per share for the current year.
In other Paypal news, insider Daniel H. Schulman sold 30,000 shares of Paypal stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $96.09, for a total value of $2,882,700.00. Following the completion of the sale, the insider now directly owns 532,140 shares of the company’s stock, valued at approximately $51,133,332.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Adele Louise Pentland sold 3,056 shares of Paypal stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $89.08, for a total transaction of $272,228.48. Following the completion of the sale, the executive vice president now directly owns 55,963 shares of the company’s stock, valued at $4,985,184.04. The disclosure for this sale can be found here. Insiders sold a total of 280,295 shares of company stock valued at $26,469,952 over the last ninety days. 0.20% of the stock is owned by corporate 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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