Zevin Asset Management LLC raised its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 4.1% in the 3rd quarter, Holdings Channel reports. The fund owned 15,606 shares of the credit services provider’s stock after acquiring an additional 615 shares during the quarter. Zevin Asset Management LLC’s holdings in Paypal were worth $1,617,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Mcmillion Capital Management Inc. purchased a new position in shares of Paypal during the 2nd quarter worth approximately $35,000. AGF Investments LLC grew its holdings in shares of Paypal by 55.6% in the 2nd quarter. AGF Investments LLC now owns 308 shares of the credit services provider’s stock worth $35,000 after acquiring an additional 110 shares during the period. Liberty Wealth Management LLC grew its holdings in shares of Paypal by 51.6% in the 3rd quarter. Liberty Wealth Management LLC now owns 382 shares of the credit services provider’s stock worth $40,000 after acquiring an additional 130 shares during the period. Sound Income Strategies LLC grew its holdings in shares of Paypal by 125.4% in the 3rd quarter. Sound Income Strategies LLC now owns 417 shares of the credit services provider’s stock worth $43,000 after acquiring an additional 232 shares during the period. Finally, Nelson Roberts Investment Advisors LLC grew its holdings in shares of Paypal by 81.6% in the 2nd quarter. Nelson Roberts Investment Advisors LLC now owns 465 shares of the credit services provider’s stock worth $53,000 after acquiring an additional 209 shares during the period. 81.16% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently weighed in on the company. UBS Group set a $120.00 price target on Paypal and gave the stock a “hold” rating in a report on Tuesday, September 24th. ValuEngine cut Paypal from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. BMO Capital Markets upped their price target on Paypal from $146.00 to $147.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Oppenheimer upped their price target on Paypal from $116.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, SunTrust Banks lowered their price target on Paypal to $105.00 and set a “hold” rating on the stock in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $123.10.
NASDAQ:PYPL traded up $0.95 during trading hours on Friday, reaching $101.42. 5,451,200 shares of the company traded hands, compared to its average volume of 6,845,562. The firm’s 50-day moving average is $102.75 and its 200-day moving average is $109.33. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.43 and a quick ratio of 1.43. Paypal Holdings Inc has a 1-year low of $75.47 and a 1-year high of $121.48. The stock has a market cap of $118.58 billion, a P/E ratio of 56.66, a P/E/G ratio of 2.39 and a beta of 0.96.
Paypal (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.09. The business had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.35 billion. Paypal had a return on equity of 16.73% and a net margin of 14.89%. The company’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same period last year, the firm earned $0.58 earnings per share. As a group, research analysts predict that Paypal Holdings Inc will post 2.3 earnings per share for the current year.
In other Paypal news, EVP Jonathan Auerbach sold 2,024 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $106.07, for a total value of $214,685.68. Following the transaction, the executive vice president now owns 118,844 shares of the company’s stock, valued at $12,605,783.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel H. Schulman sold 30,000 shares of Paypal stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $108.62, for a total transaction of $3,258,600.00. Following the transaction, the insider now owns 472,074 shares in the company, valued at $51,276,677.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,814 shares of company stock worth $11,278,603. Corporate insiders own 0.15% 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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