Cutter & CO Brokerage Inc. Acquires New Holdings in PayPal Holdings, Inc. (PYPL)

Cutter & CO Brokerage Inc. acquired a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,035 shares of the credit services provider’s stock, valued at approximately $270,000.

Other large investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC grew its holdings in PayPal Holdings by 61.6% during the first quarter. Acadian Asset Management LLC now owns 6,432 shares of the credit services provider’s stock valued at $277,000 after purchasing an additional 2,453 shares during the last quarter. Advisor Partners LLC grew its holdings in PayPal Holdings by 18.0% during the first quarter. Advisor Partners LLC now owns 17,205 shares of the credit services provider’s stock valued at $740,000 after purchasing an additional 2,624 shares during the last quarter. Advisory Services Network LLC acquired a new position in PayPal Holdings during the first quarter valued at approximately $1,558,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in PayPal Holdings by 3.9% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 174,847 shares of the credit services provider’s stock valued at $7,522,000 after purchasing an additional 6,498 shares during the last quarter. Finally, Sterling Investment Management Inc. grew its holdings in PayPal Holdings by 3.9% during the first quarter. Sterling Investment Management Inc. now owns 50,614 shares of the credit services provider’s stock valued at $2,177,000 after purchasing an additional 1,892 shares during the last quarter. Hedge funds and other institutional investors own 82.55% of the company’s stock.

PayPal Holdings, Inc. (NASDAQ:PYPL) opened at 62.56 on Wednesday. PayPal Holdings, Inc. has a 52-week low of $38.06 and a 52-week high of $63.26. The stock’s 50 day moving average price is $62.64 and its 200 day moving average price is $45.51. The firm has a market capitalization of $75.22 billion, a price-to-earnings ratio of 50.45 and a beta of 0.98.

PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.03. The company had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.09 billion. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The business’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 earnings per share. On average, equities analysts anticipate that PayPal Holdings, Inc. will post $1.83 earnings per share for the current fiscal year.

Several brokerages have commented on PYPL. BTIG Research reiterated a “buy” rating and set a $70.00 price target (up previously from $63.00) on shares of PayPal Holdings in a report on Wednesday, September 6th. Jefferies Group LLC reiterated a “buy” rating and set a $61.27 price target (down previously from $70.00) on shares of PayPal Holdings in a report on Wednesday, September 6th. Sanford C. Bernstein reiterated an “outperform” rating and set a $66.00 price target (up previously from $61.00) on shares of PayPal Holdings in a report on Tuesday, September 5th. Credit Suisse Group reiterated an “outperform” rating on shares of PayPal Holdings in a report on Tuesday, September 5th. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and set a $67.00 price target on shares of PayPal Holdings in a report on Tuesday, August 29th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $59.93.

COPYRIGHT VIOLATION WARNING: This article was first reported by Ticker Report and is owned by of Ticker Report. If you are accessing this article on another site, it was stolen and reposted in violation of US & international copyright & trademark law. The legal version of this article can be viewed at https://www.tickerreport.com/banking-finance/2888035/cutter-co-brokerage-inc-acquires-new-holdings-in-paypal-holdings-inc-pypl.html.

In related news, COO William J. Ready sold 90,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $59.25, for a total transaction of $5,332,500.00. Following the completion of the sale, the chief operating officer now owns 29,252 shares of the company’s stock, valued at $1,733,181. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gary J. Marino sold 1,351 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $54.03, for a total value of $72,994.53. Following the sale, the executive vice president now directly owns 37,491 shares of the company’s stock, valued at approximately $2,025,638.73. The disclosure for this sale can be found here. In the last three months, insiders sold 262,702 shares of company stock valued at $15,375,804. Insiders own 6.00% of the company’s stock.

About PayPal Holdings

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.

Institutional Ownership by Quarter for PayPal Holdings (NASDAQ:PYPL)

Receive News & Ratings for PayPal Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2017 Ticker Report. Google+.