Strategic Investment Advisors MI grew its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,807 shares of the credit services provider’s stock after buying an additional 72 shares during the period. Strategic Investment Advisors MI’s holdings in PayPal were worth $423,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Global Retirement Partners LLC boosted its position in shares of PayPal by 173.6% during the 4th quarter. Global Retirement Partners LLC now owns 8,680 shares of the credit services provider’s stock worth $2,033,000 after purchasing an additional 5,508 shares during the period. Wrapmanager Inc. boosted its position in PayPal by 19.5% in the 3rd quarter. Wrapmanager Inc. now owns 9,424 shares of the credit services provider’s stock valued at $1,857,000 after buying an additional 1,539 shares during the period. Royal Fund Management LLC raised its holdings in shares of PayPal by 20.1% in the 3rd quarter. Royal Fund Management LLC now owns 4,196 shares of the credit services provider’s stock valued at $826,000 after purchasing an additional 702 shares in the last quarter. RVW Wealth LLC raised its holdings in shares of PayPal by 51.4% in the 4th quarter. RVW Wealth LLC now owns 1,620 shares of the credit services provider’s stock valued at $1,000,000 after purchasing an additional 550 shares in the last quarter. Finally, CX Institutional raised its holdings in shares of PayPal by 44.8% in the 3rd quarter. CX Institutional now owns 1,296 shares of the credit services provider’s stock valued at $255,000 after purchasing an additional 401 shares in the last quarter. 83.43% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently weighed in on PYPL. KeyCorp raised their price objective on shares of PayPal from $215.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday, December 16th. Royal Bank of Canada restated a “buy” rating on shares of PayPal in a report on Wednesday, September 23rd. BMO Capital Markets reduced their price objective on shares of PayPal from $200.00 to $193.00 in a report on Wednesday, November 4th. Compass Point reiterated a “buy” rating and set a $220.00 price target on shares of PayPal in a research note on Friday, December 11th. Finally, Barclays reiterated a “buy” rating and set a $125.00 price target on shares of PayPal in a research note on Tuesday, December 22nd. Five equities research analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $209.61.
PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Monday, November 2nd. The credit services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.13. The company had revenue of $5.46 billion during the quarter, compared to the consensus estimate of $5.41 billion. PayPal had a net margin of 13.44% and a return on equity of 16.17%. PayPal’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 earnings per share. Research analysts anticipate that PayPal Holdings, Inc. will post 2.76 earnings per share for the current year.
In related news, EVP Mark Britto sold 9,000 shares of the stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $202.27, for a total value of $1,820,430.00. Following the completion of the transaction, the executive vice president now owns 90,650 shares in the company, valued at approximately $18,335,775.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Daniel H. Schulman sold 25,000 shares of the stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $195.48, for a total transaction of $4,887,000.00. Following the completion of the transaction, the chief executive officer now owns 445,803 shares of the company’s stock, valued at approximately $87,145,570.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 87,109 shares of company stock worth $17,452,089. Corporate insiders own 0.12% of the company’s stock.
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 and receive payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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