Squar Milner Financial Services LLC bought a new position in shares of Paypal Holdings Inc (NASDAQ:PYPL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,830 shares of the credit services provider’s stock, valued at approximately $323,000.
Other large investors have also modified their holdings of the company. San Francisco Sentry Investment Group CA boosted its holdings in 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 worth $100,000 after buying an additional 1,217 shares in the last quarter. Arcadia Investment Management Corp MI boosted its holdings in 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 worth $106,000 after buying an additional 1,000 shares in the last quarter. Front Row Advisors LLC bought a new stake in Paypal during the fourth quarter worth approximately $111,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Paypal during the third quarter worth approximately $113,000. Finally, D Orazio & Associates Inc. boosted its holdings in Paypal by 142.9% during the fourth quarter. D Orazio & Associates Inc. now owns 1,700 shares of the credit services provider’s stock worth $125,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 82.48% of the company’s stock.
In other news, COO William J. Ready sold 60,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $77.68, for a total transaction of $4,660,800.00. Following the transaction, the chief operating officer now owns 95,944 shares in the company, valued at approximately $7,452,929.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Aaron Anderson sold 9,367 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $77.84, for a total transaction of $729,127.28. Following the transaction, the vice president now owns 18,480 shares in the company, valued at approximately $1,438,483.20. The disclosure for this sale can be found here. Insiders have sold a total of 126,344 shares of company stock worth $9,818,481 in the last 90 days. 6.00% of the stock is owned by insiders.
Paypal Holdings Inc (NASDAQ PYPL) opened at $78.37 on Monday. The firm has a market cap of $94,056.55, a price-to-earnings ratio of 53.68, a PEG ratio of 2.51 and a beta of 1.18. Paypal Holdings Inc has a twelve month low of $41.74 and a twelve month high of $86.32.
Paypal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. The business had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.64 billion. Paypal had a net margin of 13.71% and a return on equity of 11.59%. Paypal’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 EPS. equities analysts forecast that Paypal Holdings Inc will post 1.75 earnings per share for the current year.
A number of analysts recently weighed in on PYPL shares. Zacks Investment Research cut shares of Paypal from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 25th. BidaskClub downgraded shares of Paypal from a “strong-buy” rating to a “buy” rating in a research report on Monday, December 25th. Goldman Sachs Group restated a “buy” rating and issued a $90.00 price target (up previously from $80.00) on shares of Paypal in a research report on Thursday, December 21st. Deutsche Bank upped their price target on shares of Paypal to $88.00 and gave the company a “buy” rating in a research report on Friday, November 17th. Finally, Credit Suisse Group restated an “outperform” rating and issued a $85.00 price target (up previously from $74.00) on shares of Paypal in a research report on Friday, November 17th. Nine analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $76.97.
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Paypal Company Profile
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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