Private Wealth Partners LLC increased its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 18.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 74,848 shares of the credit services provider’s stock after buying an additional 11,788 shares during the period. Paypal comprises about 1.3% of Private Wealth Partners LLC’s portfolio, making the stock its 25th biggest position. Private Wealth Partners LLC’s holdings in Paypal were worth $7,772,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund lifted its holdings in shares of Paypal by 7,419.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 19,412,765 shares of the credit services provider’s stock worth $231,000 after purchasing an additional 19,154,611 shares during the period. Norges Bank acquired a new position in Paypal during the 4th quarter worth approximately $906,735,000. Lunia Capital LP lifted its position in Paypal by 5,015.1% during the 4th quarter. Lunia Capital LP now owns 4,152,952 shares of the credit services provider’s stock worth $4,153,000 after acquiring an additional 4,071,762 shares in the last quarter. Vanguard Group Inc lifted its position in Paypal by 3.7% during the 3rd quarter. Vanguard Group Inc now owns 86,484,524 shares of the credit services provider’s stock worth $7,596,801,000 after acquiring an additional 3,056,620 shares in the last quarter. Finally, DSM Capital Partners LLC lifted its position in Paypal by 119.4% during the 4th quarter. DSM Capital Partners LLC now owns 3,419,751 shares of the credit services provider’s stock worth $287,567,000 after acquiring an additional 1,861,400 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.
In other Paypal news, CFO John D. Rainey sold 13,925 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $108.73, for a total transaction of $1,514,065.25. Following the transaction, the chief financial officer now owns 121,770 shares of the company’s stock, valued at $13,240,052.10. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Jonathan Auerbach sold 8,730 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $113.80, for a total value of $993,474.00. Following the transaction, the executive vice president now directly owns 120,470 shares in the company, valued at approximately $13,709,486. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 180,714 shares of company stock worth $19,911,348. Corporate insiders own 0.15% of the company’s stock.
Several equities analysts recently commented on PYPL shares. BTIG Research boosted their price target on Paypal to $114.00 and gave the stock a “buy” rating in a research report on Tuesday, February 19th. Wedbush restated an “outperform” rating and set a $110.00 price objective on shares of Paypal in a report on Thursday, February 21st. Buckingham Research downgraded Paypal from a “buy” rating to a “neutral” rating and set a $99.00 price target for the company. in a report on Monday, February 25th. They noted that the move was a valuation call. Nomura boosted their price target on Paypal from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, February 28th. Finally, Zacks Investment Research upgraded Paypal from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. Ten analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $108.66.
Shares of PYPL traded up $0.45 during mid-day trading on Friday, reaching $116.17. The company had a trading volume of 4,074,395 shares, compared to its average volume of 6,899,875. Paypal Holdings Inc has a twelve month low of $74.66 and a twelve month high of $117.45. The stock has a market cap of $134.53 billion, a PE ratio of 64.90, a PEG ratio of 2.86 and a beta of 1.02.
Paypal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, April 24th. The credit services provider reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.11. Paypal had a return on equity of 15.50% and a net margin of 13.92%. The firm had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.13 billion. During the same period last year, the firm posted $0.57 EPS. The business’s revenue was up 12.1% on a year-over-year basis. As a group, analysts anticipate that Paypal Holdings Inc will post 2.24 earnings per share for the current fiscal year.
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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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