LPL Financial LLC grew its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 23.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 193,564 shares of the credit services provider’s stock after buying an additional 36,514 shares during the period. LPL Financial LLC’s holdings in Paypal were worth $14,250,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Arcadia Investment Management Corp MI boosted its position in shares of Paypal by 230.4% during the fourth quarter. Arcadia Investment Management Corp MI now owns 1,434 shares of the credit services provider’s stock valued at $106,000 after purchasing an additional 1,000 shares in the last quarter. Truewealth LLC bought a new stake in shares of Paypal during the fourth quarter valued at approximately $106,000. Front Row Advisors LLC bought a new stake in shares of Paypal during the fourth quarter valued at approximately $111,000. Risk Paradigm Group LLC boosted its position in shares of Paypal by 282.5% during the fourth quarter. Risk Paradigm Group LLC now owns 1,530 shares of the credit services provider’s stock valued at $113,000 after purchasing an additional 1,130 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA boosted its position in shares of Paypal by 352.8% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock valued at $100,000 after purchasing an additional 1,217 shares in the last quarter. 80.56% of the stock is currently owned by hedge funds and other institutional investors.
PYPL has been the topic of several research reports. Vetr lowered Paypal from a “strong-buy” rating to a “buy” rating and set a $80.71 price target on the stock. in a research report on Wednesday, December 6th. Bank of America lifted their price target on Paypal from $80.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, November 20th. Craig Hallum set a $93.00 price target on Paypal and gave the company a “buy” rating in a research report on Monday, November 20th. Monness Crespi & Hardt lifted their price target on Paypal from $80.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, November 20th. Finally, BTIG Research restated a “buy” rating and set a $81.00 price target on shares of Paypal in a research report on Sunday, November 19th. Nine investment analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $77.33.
Paypal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. The company had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.64 billion. Paypal had a return on equity of 11.59% and a net margin of 13.71%. Paypal’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.42 earnings per share. analysts forecast that Paypal Holdings Inc will post 1.73 earnings per share for the current fiscal year.
In related news, COO William J. Ready sold 60,000 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $77.68, for a total transaction of $4,660,800.00. Following the completion of the sale, the chief operating officer now owns 95,944 shares in the company, valued at $7,452,929.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Daniel H. Schulman sold 26,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $80.66, for a total value of $2,097,160.00. Following the sale, the insider now owns 268,189 shares of the company’s stock, valued at approximately $21,632,124.74. The disclosure for this sale can be found here. In the last quarter, insiders have sold 196,413 shares of company stock valued at $15,348,028. 6.00% of the stock is owned by company insiders.
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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