Hellman Jordan Management Co. Inc. MA lowered its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 56.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 7,605 shares of the credit services provider’s stock after selling 9,810 shares during the period. Hellman Jordan Management Co. Inc. MA’s holdings in Paypal were worth $487,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of PYPL. San Francisco Sentry Investment Group CA raised its stake in Paypal by 352.8% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock worth $100,000 after acquiring an additional 1,217 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Paypal during the 3rd quarter worth $113,000. Kistler Tiffany Companies LLC raised its stake in Paypal by 511.9% during the 3rd quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock worth $129,000 after acquiring an additional 1,684 shares in the last quarter. Thompson Davis & CO. Inc. increased its stake in Paypal by 294.3% in the third quarter. Thompson Davis & CO. Inc. now owns 2,421 shares of the credit services provider’s stock valued at $155,000 after purchasing an additional 1,807 shares during the period. Finally, Valeo Financial Advisors LLC acquired a new position in Paypal in the third quarter valued at $172,000. 80.81% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have commented on PYPL shares. Credit Suisse Group restated an “outperform” rating and issued a $85.00 price objective (up from $74.00) on shares of Paypal in a research note on Friday, November 17th. Barclays lifted their price objective on shares of Paypal from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, October 20th. Citigroup restated a “buy” rating and issued a $87.00 price objective on shares of Paypal in a research note on Friday, November 17th. Zacks Investment Research lowered shares of Paypal from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, Argus lifted their target price on shares of Paypal from $80.00 to $87.00 and gave the company a “buy” rating in a report on Friday, November 17th. Ten analysts have rated the stock with a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company’s stock. Paypal currently has a consensus rating of “Buy” and an average target price of $73.53.
Shares of Paypal Holdings Inc (NASDAQ PYPL) opened at $74.26 on Friday. Paypal Holdings Inc has a 52 week low of $39.02 and a 52 week high of $79.39. The stock has a market cap of $89,049.51, a P/E ratio of 52.92, a price-to-earnings-growth ratio of 3.04 and a beta of 1.03.
Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.03. Paypal had a net margin of 12.69% and a return on equity of 11.33%. The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.18 billion. During the same period in the previous year, the firm earned $0.35 earnings per share. Paypal’s revenue for the quarter was up 21.4% on a year-over-year basis. analysts expect that Paypal Holdings Inc will post 1.37 EPS for the current fiscal year.
In other news, Director Rodney C. Adkins bought 6,750 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was acquired at an average cost of $74.04 per share, for a total transaction of $499,770.00. Following the completion of the purchase, the director now owns 10,149 shares of the company’s stock, valued at $751,431.96. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 6.00% of the stock is currently owned by corporate insiders.
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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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