Guggenheim Capital LLC lifted its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,015,735 shares of the credit services provider’s stock after acquiring an additional 50,002 shares during the quarter. Paypal accounts for approximately 0.4% of Guggenheim Capital LLC’s investment portfolio, making the stock its 12th biggest holding. Guggenheim Capital LLC owned approximately 0.17% of Paypal worth $148,398,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Saybrook Capital NC lifted its stake in Paypal by 3.2% in the 4th quarter. Saybrook Capital NC now owns 108,280 shares of the credit services provider’s stock valued at $7,972,000 after buying an additional 3,325 shares in the last quarter. Franklin Resources Inc. lifted its stake in Paypal by 69.9% in the 4th quarter. Franklin Resources Inc. now owns 1,277,798 shares of the credit services provider’s stock valued at $94,079,000 after buying an additional 525,520 shares in the last quarter. Kavi Asset Management LP purchased a new position in Paypal in the 4th quarter valued at about $7,406,000. Advisor Group Inc. lifted its stake in Paypal by 5.5% in the 4th quarter. Advisor Group Inc. now owns 88,647 shares of the credit services provider’s stock valued at $6,526,000 after buying an additional 4,631 shares in the last quarter. Finally, Swedbank lifted its stake in Paypal by 28.0% in the 4th quarter. Swedbank now owns 2,243,373 shares of the credit services provider’s stock valued at $165,157,000 after buying an additional 491,046 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Aaron Karczmer sold 5,674 shares of Paypal stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $77.51, for a total value of $439,791.74. Following the completion of the sale, the executive vice president now owns 23,909 shares in the company, valued at approximately $1,853,186.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Aaron Anderson sold 3,843 shares of Paypal stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $77.98, for a total transaction of $299,677.14. Following the completion of the sale, the chief accounting officer now owns 17,561 shares of the company’s stock, valued at approximately $1,369,406.78. The disclosure for this sale can be found here. Insiders sold a total of 196,413 shares of company stock valued at $15,348,028 in the last quarter. 6.00% of the stock is owned by insiders.
Shares of Paypal Holdings Inc (NASDAQ PYPL) opened at $80.71 on Friday. The stock has a market cap of $96,860.00 and a P/E ratio of 49.82. Paypal Holdings Inc has a 1-year low of $41.74 and a 1-year high of $86.32.
Paypal (NASDAQ:PYPL) last posted its earnings results on Wednesday, January 31st. The credit services provider reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter last year, the firm earned $0.42 EPS. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. research analysts forecast that Paypal Holdings Inc will post 1.75 earnings per share for the current year.
PYPL has been the topic of a number of research reports. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $85.00 price target on shares of Paypal in a research note on Thursday, February 1st. BTIG Research reaffirmed a “buy” rating and issued a $81.00 price target on shares of Paypal in a research note on Sunday, November 19th. Vetr raised shares of Paypal from a “hold” rating to a “buy” rating and set a $80.21 price target on the stock in a research note on Wednesday, November 29th. Robert W. Baird raised their price target on shares of Paypal from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, November 16th. Finally, Zacks Investment Research raised shares of Paypal from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock 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 issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus 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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