Bessemer Group Inc. Buys 1,161 Shares of PayPal Holdings, Inc. (PYPL)
Bessemer Group Inc. raised its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.0% during the fourth quarter, Holdings Channel reports. The fund owned 57,966 shares of the company’s stock after buying an additional 1,161 shares during the period. Bessemer Group Inc.’s holdings in PayPal Holdings were worth $2,288,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the company. Integrated Wealth Management raised its stake in shares of PayPal Holdings by 9.4% in the second quarter. Integrated Wealth Management now owns 3,761 shares of the company’s stock valued at $137,000 after buying an additional 322 shares in the last quarter. Pillar Pacific Capital Management LLC raised its stake in shares of PayPal Holdings by 8.7% in the second quarter. Pillar Pacific Capital Management LLC now owns 103,612 shares of the company’s stock valued at $3,783,000 after buying an additional 8,304 shares in the last quarter. Badgley Phelps & Bell Inc. raised its stake in shares of PayPal Holdings by 4.3% in the second quarter. Badgley Phelps & Bell Inc. now owns 161,842 shares of the company’s stock valued at $5,909,000 after buying an additional 6,718 shares in the last quarter. Reliant Investment Management LLC purchased a new stake in shares of PayPal Holdings during the second quarter valued at $2,722,000. Finally, AGF Investments Inc. purchased a new stake in shares of PayPal Holdings during the second quarter valued at $34,797,000. 81.22% of the stock is currently owned by institutional investors and hedge funds.
Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) opened at 42.15 on Friday. PayPal Holdings, Inc. has a 52-week low of $34.00 and a 52-week high of $44.52. The firm has a 50-day moving average price of $40.87 and a 200-day moving average price of $39.87. The firm has a market capitalization of $50.90 billion, a P/E ratio of 36.65 and a beta of 0.91.
PayPal Holdings (NASDAQ:PYPL) last posted its quarterly earnings results on Thursday, January 26th. The company reported $0.42 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. PayPal Holdings had a net margin of 12.92% and a return on equity of 10.69%. The firm earned $2.98 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the prior year, the business posted $0.36 earnings per share. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. On average, equities research analysts anticipate that PayPal Holdings, Inc. will post $1.72 EPS for the current year.
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Several analysts recently weighed in on the company. Monness Crespi & Hardt raised PayPal Holdings from a “neutral” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Tuesday, January 3rd. Canaccord Genuity reissued a “hold” rating and issued a $40.00 price objective on shares of PayPal Holdings in a report on Friday, January 20th. Berenberg Bank assumed coverage on PayPal Holdings in a report on Tuesday, January 10th. They issued a “buy” rating and a $51.00 price objective for the company. William Blair reissued an “outperform” rating on shares of PayPal Holdings in a report on Friday, October 21st. Finally, Vetr raised PayPal Holdings from a “buy” rating to a “strong-buy” rating and set a $45.44 price objective for the company in a report on Tuesday, January 3rd. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $45.50.
In related news, EVP Gary J. Marino sold 1,729 shares of the stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $39.29, for a total value of $67,932.41. Following the completion of the transaction, the executive vice president now owns 44,802 shares of the company’s stock, valued at $1,760,270.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.00% of the company’s stock.
About PayPal Holdings
PayPal Holdings, Inc (PayPal) is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants across the world. The Company allows businesses of all sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions.
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