Linscomb & Williams Inc. increased its holdings in Paypal Holdings Inc (NASDAQ:PYPL) by 5.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,491 shares of the credit services provider’s stock after purchasing an additional 881 shares during the period. Linscomb & Williams Inc.’s holdings in Paypal were worth $1,288,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. San Francisco Sentry Investment Group CA boosted its position 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 valued at $100,000 after buying an additional 1,217 shares during the period. Arcadia Investment Management Corp MI boosted its position in Paypal by 230.4% during the 4th quarter. Arcadia Investment Management Corp MI now owns 1,434 shares of the credit services provider’s stock valued at $106,000 after buying an additional 1,000 shares during the period. Front Row Advisors LLC purchased a new stake in Paypal during the 4th quarter valued at $111,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Paypal during the 3rd quarter valued at $113,000. Finally, Kistler Tiffany Companies LLC boosted its position 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 valued at $129,000 after buying an additional 1,684 shares during the period. 82.46% of the stock is owned by institutional investors.
In other news, Director Rodney C. Adkins acquired 6,750 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were bought at an average cost of $74.04 per share, with a total value of $499,770.00. Following the transaction, the director now owns 10,149 shares of the company’s stock, valued at approximately $751,431.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.00% of the company’s stock.
Several equities research analysts have weighed in on the stock. BidaskClub raised shares of Paypal from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 10th. Wells Fargo & Co raised shares of Paypal from a “market perform” rating to an “outperform” rating and set a $70.00 price target for the company in a research report on Monday. Zacks Investment Research cut shares of Paypal from a “buy” rating to a “hold” rating in a research report on Monday. Stifel Nicolaus upped their price objective on shares of Paypal from $61.00 to $70.00 and gave the stock a “hold” rating in a report on Sunday, October 22nd. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $79.00 price objective on shares of Paypal in a report on Friday, October 20th. Nine research analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the stock. Paypal currently has a consensus rating of “Buy” and a consensus target price of $77.04.
Paypal Holdings Inc (PYPL) opened at $74.71 on Tuesday. The stock has a market cap of $91,884.00, a PE ratio of 52.44, a P/E/G ratio of 2.54 and a beta of 1.18. Paypal Holdings Inc has a 12 month low of $39.34 and a 12 month high of $86.32.
Paypal (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $0.55 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same period last year, the business earned $0.42 EPS. Paypal’s quarterly revenue was up 25.6% compared to the same quarter last year. equities analysts expect that Paypal Holdings Inc will post 1.69 EPS for the current year.
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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