KG&L Capital Management LLC raised its position in Paypal Holdings Inc (NASDAQ:PYPL) by 8.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,117 shares of the credit services provider’s stock after purchasing an additional 332 shares during the period. KG&L Capital Management LLC’s holdings in Paypal were worth $426,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Alpine Woods Capital Investors LLC purchased a new stake in shares of Paypal in the 2nd quarter valued at approximately $1,647,000. Cresset Asset Management LLC grew its position in shares of Paypal by 15.5% in the 2nd quarter. Cresset Asset Management LLC now owns 18,081 shares of the credit services provider’s stock valued at $2,070,000 after buying an additional 2,427 shares during the last quarter. InterOcean Capital LLC grew its position in shares of Paypal by 4.5% in the 2nd quarter. InterOcean Capital LLC now owns 4,680 shares of the credit services provider’s stock valued at $536,000 after buying an additional 200 shares during the last quarter. National Pension Service grew its position in shares of Paypal by 7.7% in the 2nd quarter. National Pension Service now owns 1,217,624 shares of the credit services provider’s stock valued at $139,369,000 after buying an additional 86,572 shares during the last quarter. Finally, Geneva Partners LLC grew its position in shares of Paypal by 0.3% in the 2nd quarter. Geneva Partners LLC now owns 37,534 shares of the credit services provider’s stock valued at $4,296,000 after buying an additional 120 shares during the last quarter. 80.53% of the stock is currently owned by institutional investors.
In other news, EVP Aaron Karczmer sold 3,110 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $115.71, for a total value of $359,858.10. Following the completion of the sale, the executive vice president now owns 15,041 shares in the company, valued at approximately $1,740,394.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel H. Schulman sold 30,000 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $111.96, for a total transaction of $3,358,800.00. Following the completion of the sale, the insider now owns 487,074 shares of the company’s stock, valued at approximately $54,532,805.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 132,417 shares of company stock valued at $14,511,700. 0.15% of the stock is owned by company insiders.
A number of research firms recently commented on PYPL. UBS Group set a $120.00 target price on shares of Paypal and gave the company a “hold” rating in a research report on Tuesday, September 24th. BidaskClub downgraded shares of Paypal from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Berenberg Bank reaffirmed a “buy” rating and issued a $125.00 target price on shares of Paypal in a research report on Friday, July 26th. Deutsche Bank increased their target price on shares of Paypal from $120.00 to $127.00 and gave the company a “positive” rating in a research report on Tuesday, July 16th. Finally, Robert W. Baird increased their target price on shares of Paypal from $118.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Nine research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. Paypal currently has a consensus rating of “Buy” and a consensus target price of $122.17.
NASDAQ:PYPL traded up $0.94 during trading hours on Friday, reaching $101.48. 424,890 shares of the company’s stock were exchanged, compared to its average volume of 6,483,264. The firm has a market capitalization of $116.88 billion, a price-to-earnings ratio of 56.75, a P/E/G ratio of 2.24 and a beta of 0.96. The company has a 50-day moving average of $105.41 and a 200 day moving average of $109.72. Paypal Holdings Inc has a 1-year low of $74.66 and a 1-year high of $121.48.
Paypal (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, July 24th. The credit services provider reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.12. The firm had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.33 billion. Paypal had a net margin of 15.36% and a return on equity of 17.14%. Paypal’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.58 EPS. Equities research analysts forecast that Paypal Holdings Inc will post 2.41 earnings per share for the current fiscal year.
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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