Webster Bank N. A. boosted its position in Paypal Holdings Inc (NASDAQ:PYPL) by 1.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 17,621 shares of the credit services provider’s stock after acquiring an additional 241 shares during the period. Webster Bank N. A.’s holdings in Paypal were worth $1,830,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in PYPL. Oregon Public Employees Retirement Fund increased its position in shares of Paypal by 7,419.8% in the 4th 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 last quarter. Norges Bank acquired a new stake in shares of Paypal in the 4th quarter worth approximately $906,735,000. Lunia Capital LP lifted its stake in Paypal by 5,015.1% during the fourth quarter. Lunia Capital LP now owns 4,152,952 shares of the credit services provider’s stock valued at $4,153,000 after purchasing an additional 4,071,762 shares during the last quarter. Morgan Stanley lifted its stake in Paypal by 57.3% during the third quarter. Morgan Stanley now owns 10,450,968 shares of the credit services provider’s stock valued at $918,012,000 after purchasing an additional 3,805,346 shares during the last quarter. Finally, Vanguard Group Inc raised its holdings in shares of Paypal by 3.7% during the third quarter. Vanguard Group Inc now owns 86,484,524 shares of the credit services provider’s stock valued at $7,596,801,000 after acquiring an additional 3,056,620 shares during the period. 81.34% of the stock is owned by hedge funds and other institutional investors.
Shares of Paypal stock opened at $108.20 on Wednesday. The company has a market capitalization of $126.83 billion, a price-to-earnings ratio of 60.45, a P/E/G ratio of 2.83 and a beta of 1.03. Paypal Holdings Inc has a one year low of $70.22 and a one year high of $109.00.
Paypal (NASDAQ:PYPL) last posted its earnings results on Wednesday, January 30th. The credit services provider reported $0.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.02. Paypal had a return on equity of 14.67% and a net margin of 13.31%. The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.23 billion. During the same period in the previous year, the firm earned $0.55 earnings per share. The business’s revenue was up 13.0% compared to the same quarter last year. As a group, equities analysts predict that Paypal Holdings Inc will post 2.15 earnings per share for the current fiscal year.
Several brokerages have recently commented on PYPL. UBS Group lowered shares of Paypal from a “buy” rating to a “neutral” rating in a research note on Wednesday. Zacks Investment Research raised shares of Paypal from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Loop Capital raised their price objective on shares of Paypal to $100.00 and gave the stock a “hold” rating in a report on Tuesday. Finally, BidaskClub cut shares of Paypal from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 7th. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $100.12.
In related news, CFO John D. Rainey sold 32,999 shares of the company’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $89.21, for a total transaction of $2,943,840.79. Following the completion of the sale, the chief financial officer now owns 140,844 shares in the company, valued at $12,564,693.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO William J. Ready sold 29,686 shares of the company’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $89.33, for a total value of $2,651,850.38. Following the sale, the chief operating officer now owns 66,558 shares of the company’s stock, valued at approximately $5,945,626.14. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 280,295 shares of company stock worth $26,469,952. Corporate insiders own 0.20% of the company’s stock.
Paypal Company Profile
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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