BlackRock Inc. grew its holdings in Paypal Holdings Inc (NASDAQ:PYPL) by 6.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 69,404,765 shares of the credit services provider’s stock after buying an additional 4,324,405 shares during the quarter. BlackRock Inc. owned approximately 0.06% of Paypal worth $5,109,580,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. San Francisco Sentry Investment Group CA increased its stake in shares of Paypal by 352.8% in the third 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 in the last quarter. Arcadia Investment Management Corp MI increased its stake in shares of Paypal by 230.4% in the fourth 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 in the last quarter. Front Row Advisors LLC acquired a new stake in Paypal in the fourth quarter worth about $111,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Paypal in the third quarter worth about $113,000. Finally, D Orazio & Associates Inc. increased its position in Paypal by 142.9% in the fourth quarter. D Orazio & Associates Inc. now owns 1,700 shares of the credit services provider’s stock worth $125,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 82.48% of the company’s stock.
PYPL has been the subject of a number of research reports. Deutsche Bank lifted their price objective on Paypal to $88.00 and gave the stock a “buy” rating in a research report on Friday, November 17th. Argus lifted their price objective on Paypal from $80.00 to $87.00 and gave the stock a “buy” rating in a research report on Friday, November 17th. Citigroup reiterated a “buy” rating and issued a $87.00 price objective on shares of Paypal in a research report on Friday, November 17th. Vetr upgraded Paypal from a “hold” rating to a “buy” rating and set a $73.32 price objective for the company in a research report on Tuesday, October 24th. Finally, Zacks Investment Research upgraded Paypal from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Thursday, October 26th. Nine equities research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $76.97.
Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. Paypal had a return on equity of 11.59% and a net margin of 13.71%. The business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter in the previous year, the business posted $0.42 EPS. Paypal’s revenue for the quarter was up 25.6% on a year-over-year basis. equities analysts expect that Paypal Holdings Inc will post 1.75 earnings per share for the current year.
In other news, Director Rodney C. Adkins bought 6,750 shares of the business’s stock in a transaction on Friday, December 8th. The shares were purchased at an average price of $74.04 per share, for a total transaction of $499,770.00. Following the purchase, the director now owns 10,149 shares of the company’s stock, valued at approximately $751,431.96. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO William J. Ready sold 60,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $77.68, for a total value of $4,660,800.00. Following the completion of the sale, the chief operating officer now owns 95,944 shares in the company, valued at approximately $7,452,929.92. The disclosure for this sale can be found here. Insiders sold a total of 126,344 shares of company stock worth $9,818,481 in the last 90 days. Company insiders own 6.00% of the company’s stock.
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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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