YHB Investment Advisors Inc. increased its stake in Paypal Holdings Inc (NASDAQ:PYPL) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,734 shares of the credit services provider’s stock after buying an additional 5,185 shares during the period. YHB Investment Advisors Inc.’s holdings in Paypal were worth $5,864,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Visionary Asset Management Inc. bought a new position in shares of Paypal during the fourth quarter valued at approximately $202,000. Cullinan Associates Inc. increased its stake in shares of Paypal by 2.4% during the fourth quarter. Cullinan Associates Inc. now owns 97,600 shares of the credit services provider’s stock valued at $8,207,000 after purchasing an additional 2,262 shares in the last quarter. Northstar Investment Advisors LLC bought a new position in shares of Paypal during the fourth quarter valued at approximately $355,000. Acropolis Investment Management LLC bought a new position in shares of Paypal during the fourth quarter valued at approximately $106,000. Finally, State of Alaska Department of Revenue increased its stake in shares of Paypal by 0.6% during the fourth quarter. State of Alaska Department of Revenue now owns 180,277 shares of the credit services provider’s stock valued at $15,158,000 after purchasing an additional 1,067 shares in the last quarter. 79.14% of the stock is owned by institutional investors.
Shares of NASDAQ:PYPL traded down $0.04 during trading on Friday, reaching $90.66. 545,552 shares of the stock were exchanged, compared to its average volume of 8,606,185. Paypal Holdings Inc has a 12-month low of $70.22 and a 12-month high of $93.70. The stock has a market capitalization of $105.52 billion, a P/E ratio of 65.22, a PEG ratio of 2.20 and a beta of 1.06.
Paypal (NASDAQ:PYPL) last issued its earnings results on Thursday, October 18th. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.04. The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.66 billion. Paypal had a return on equity of 13.60% and a net margin of 13.98%. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 EPS. Research analysts expect that Paypal Holdings Inc will post 1.79 EPS for the current year.
In other news, insider Gary J. Marino sold 61,332 shares of the firm’s stock in a transaction dated Friday, October 26th. The stock was sold at an average price of $83.84, for a total transaction of $5,142,074.88. Following the completion of the sale, the insider now directly owns 87,512 shares of the company’s stock, valued at approximately $7,337,006.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Daniel H. Schulman sold 22,764 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $81.41, for a total value of $1,853,217.24. Following the completion of the transaction, the chief executive officer now directly owns 312,590 shares in the company, valued at $25,447,951.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 427,750 shares of company stock valued at $35,635,027. 0.20% of the stock is owned by company insiders.
PYPL has been the topic of a number of recent analyst reports. Nomura cut their price target on shares of Paypal from $120.00 to $103.00 and set a “buy” rating on the stock in a report on Thursday, October 11th. Zacks Investment Research upgraded shares of Paypal from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a report on Tuesday, September 25th. BMO Capital Markets raised their target price on shares of Paypal from $112.00 to $119.00 and gave the stock an “outperform” rating in a report on Friday, October 19th. BTIG Research upgraded shares of Paypal from a “neutral” rating to a “buy” rating and raised their target price for the stock from $81.00 to $95.00 in a report on Friday, October 19th. Finally, Raymond James upgraded shares of Paypal from a “market perform” rating to an “outperform” rating and set a $108.00 target price on the stock in a report on Friday, September 14th. Eight investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $95.49.
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Paypal Company Profile
PayPal Holdings, Inc operates as a technology platform 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 Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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