ARS Investment Partners LLC Invests $10.34 Million in Paypal Holdings Inc (PYPL) Stock

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ARS Investment Partners LLC bought a new position in shares of Paypal Holdings Inc (NASDAQ:PYPL) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 122,918 shares of the credit services provider’s stock, valued at approximately $10,336,000. Paypal comprises 2.2% of ARS Investment Partners LLC’s portfolio, making the stock its 17th largest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Virtus ETF Advisers LLC increased its holdings in shares of Paypal by 33.7% during the 4th quarter. Virtus ETF Advisers LLC now owns 448 shares of the credit services provider’s stock worth $38,000 after purchasing an additional 113 shares during the period. Cpwm LLC increased its holdings in shares of Paypal by 3.6% during the 4th quarter. Cpwm LLC now owns 3,397 shares of the credit services provider’s stock worth $286,000 after purchasing an additional 118 shares during the period. Concorde Asset Management LLC increased its holdings in shares of Paypal by 3.1% during the 4th quarter. Concorde Asset Management LLC now owns 4,027 shares of the credit services provider’s stock worth $339,000 after purchasing an additional 121 shares during the period. Homrich & Berg increased its holdings in shares of Paypal by 2.3% during the 4th quarter. Homrich & Berg now owns 5,930 shares of the credit services provider’s stock worth $499,000 after purchasing an additional 134 shares during the period. Finally, FineMark National Bank & Trust increased its holdings in shares of Paypal by 1.2% during the 4th quarter. FineMark National Bank & Trust now owns 11,002 shares of the credit services provider’s stock worth $925,000 after purchasing an additional 134 shares during the period. 81.68% of the stock is owned by hedge funds and other institutional investors.

Shares of Paypal stock opened at $104.15 on Friday. The stock has a market cap of $120.43 billion, a price-to-earnings ratio of 58.18, a PEG ratio of 2.65 and a beta of 1.03. Paypal Holdings Inc has a 1-year low of $70.22 and a 1-year high of $104.56.

Paypal (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, January 30th. The credit services provider reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.02. The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.23 billion. Paypal had a net margin of 13.31% and a return on equity of 14.67%. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 earnings per share. On average, sell-side analysts predict that Paypal Holdings Inc will post 2.14 EPS for the current fiscal year.

Several research analysts have recently issued reports on PYPL shares. Zacks Investment Research upgraded shares of Paypal from a “sell” rating to a “hold” rating in a report on Monday, January 14th. BidaskClub upgraded shares of Paypal from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 9th. Guggenheim downgraded shares of Paypal from a “buy” rating to a “neutral” rating and set a $90.82 price objective on the stock. in a report on Wednesday, February 6th. Craig Hallum restated a “buy” rating and set a $110.00 price objective (up previously from $100.00) on shares of Paypal in a report on Thursday, January 31st. Finally, Barclays restated an “overweight” rating and set a $115.00 price objective (up previously from $110.00) on shares of Paypal in a report on Monday, January 7th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $98.64.

In other Paypal news, CEO Daniel H. Schulman sold 22,764 shares of the company’s stock in a transaction dated Thursday, December 27th. The shares were sold at an average price of $81.41, for a total transaction of $1,853,217.24. Following the sale, the chief executive officer now directly owns 312,590 shares of the company’s stock, valued at $25,447,951.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Gary J. Marino sold 2,017 shares of the company’s stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $91.11, for a total transaction of $183,768.87. Following the sale, the insider now directly owns 42,317 shares in the company, valued at $3,855,501.87. The disclosure for this sale can be found here. Insiders have sold 325,823 shares of company stock worth $30,176,386 over the last ninety days. Insiders own 0.20% of the company’s stock.

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About Paypal

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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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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