Advisory Services Network LLC Boosts Position in Paypal Holdings Inc (PYPL)

Advisory Services Network LLC increased its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 8.6% in the fourth quarter, HoldingsChannel reports. The firm owned 37,166 shares of the credit services provider’s stock after purchasing an additional 2,933 shares during the quarter. Advisory Services Network LLC’s holdings in Paypal were worth $2,736,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PYPL. San Francisco Sentry Investment Group CA increased its stake 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 worth $100,000 after purchasing an additional 1,217 shares in the last quarter. Arcadia Investment Management Corp MI increased its stake 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 worth $106,000 after purchasing an additional 1,000 shares in the last quarter. Front Row Advisors LLC bought a new stake in Paypal during the 4th quarter worth approximately $111,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Paypal during the 3rd quarter worth approximately $113,000. Finally, D Orazio & Associates Inc. increased its stake in Paypal by 142.9% during the 4th 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 in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Shares of Paypal Holdings Inc (NASDAQ PYPL) opened at $78.37 on Friday. Paypal Holdings Inc has a 12 month low of $41.74 and a 12 month high of $86.32. The firm has a market capitalization of $94,190.00 and a price-to-earnings ratio of 48.38.

Paypal (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. The business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Paypal had a return on equity of 11.59% and a net margin of 13.71%. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.42 EPS. equities analysts forecast that Paypal Holdings Inc will post 1.75 earnings per share for the current year.

A number of research firms have weighed in on PYPL. Credit Suisse Group reaffirmed an “outperform” rating and set a $85.00 price target (up previously from $74.00) on shares of Paypal in a research report on Friday, November 17th. Citigroup reaffirmed a “buy” rating and set a $87.00 price target on shares of Paypal in a research report on Friday, November 17th. Zacks Investment Research downgraded Paypal from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Argus upped their price target on Paypal from $80.00 to $87.00 and gave the stock a “buy” rating in a research report on Friday, November 17th. Finally, Cowen raised Paypal from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $79.05 to $88.00 in a research report on Tuesday, January 9th. Nine analysts have rated the stock with a hold rating, thirty-four 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 a consensus target price of $76.97.

In other Paypal news, CFO John D. Rainey sold 50,977 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $77.68, for a total transaction of $3,959,893.36. Following the transaction, the chief financial officer now owns 114,020 shares in the company, valued at approximately $8,857,073.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Aaron Anderson sold 9,367 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $77.84, for a total value of $729,127.28. Following the transaction, the vice president now owns 18,480 shares in the company, valued at approximately $1,438,483.20. The disclosure for this sale can be found here. Insiders have sold a total of 126,344 shares of company stock worth $9,818,481 in the last quarter. Company insiders own 6.00% of the company’s stock.

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Paypal Profile

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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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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