Financial Counselors Inc. reduced its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 7.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,487 shares of the credit services provider’s stock after selling 2,815 shares during the period. Financial Counselors Inc.’s holdings in Paypal were worth $2,465,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of Hawaii lifted its position in shares of Paypal by 85.5% during the fourth quarter. Bank of Hawaii now owns 12,533 shares of the credit services provider’s stock worth $923,000 after purchasing an additional 5,775 shares in the last quarter. Cookson Peirce & Co. Inc. lifted its position in shares of Paypal by 2.3% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 550,320 shares of the credit services provider’s stock worth $40,515,000 after purchasing an additional 12,630 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Paypal during the fourth quarter worth $360,000. Martingale Asset Management L P acquired a new position in shares of Paypal during the fourth quarter worth $332,000. Finally, Logan Capital Management Inc. lifted its position in shares of Paypal by 41.0% during the fourth quarter. Logan Capital Management Inc. now owns 35,316 shares of the credit services provider’s stock worth $2,600,000 after purchasing an additional 10,270 shares in the last quarter. 82.48% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently commented on PYPL shares. Cantor Fitzgerald reissued a “buy” rating and set a $85.00 target price on shares of Paypal in a research report on Thursday, February 1st. BTIG Research restated a “buy” rating and issued a $81.00 price target on shares of Paypal in a research note on Sunday, November 19th. Vetr upgraded shares of Paypal from a “hold” rating to a “buy” rating and set a $80.21 price target for the company in a research note on Wednesday, November 29th. Robert W. Baird lifted their price target on shares of Paypal from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, November 16th. Finally, Zacks Investment Research upgraded shares of Paypal from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a research note on Wednesday, December 20th. Nine investment analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $76.97.
Paypal Holdings Inc (PYPL) opened at $79.35 on Tuesday. Paypal Holdings Inc has a 1-year low of $41.74 and a 1-year high of $86.32. The stock has a market cap of $95,640.76, a price-to-earnings ratio of 54.58, a PEG ratio of 2.61 and a beta of 1.18.
Paypal (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.03. Paypal had a net margin of 13.71% and a return on equity of 11.59%. The company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. research analysts anticipate that Paypal Holdings Inc will post 1.75 earnings per share for the current fiscal year.
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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.
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