Paypal Holdings Inc (PYPL) Shares Sold by GRATRY & Co LLC
GRATRY & Co LLC reduced its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 24.7% during the 4th quarter, Holdings Channel reports. The firm owned 6,180 shares of the credit services provider’s stock after selling 2,025 shares during the quarter. GRATRY & Co LLC’s holdings in Paypal were worth $455,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in PYPL. San Francisco Sentry Investment Group CA grew its holdings in shares of Paypal by 352.8% during the third 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 during the last quarter. Arcadia Investment Management Corp MI grew its holdings in shares of Paypal by 230.4% during the fourth 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 during the last quarter. Front Row Advisors LLC bought a new stake in shares of Paypal during the fourth quarter worth about $111,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Paypal in the third quarter valued at approximately $113,000. Finally, Kistler Tiffany Companies LLC boosted its holdings in Paypal by 511.9% in the third quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock valued at $129,000 after acquiring an additional 1,684 shares during the last quarter. Institutional investors own 82.46% of the company’s stock.
PYPL has been the topic of several analyst reports. Credit Suisse Group reiterated an “outperform” rating and issued a $85.00 target price (up from $74.00) on shares of Paypal in a report on Friday, November 17th. Barclays upped their target price on Paypal from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, October 20th. Citigroup reiterated a “buy” rating and issued a $87.00 target price on shares of Paypal in a report on Friday, November 17th. Zacks Investment Research cut Paypal from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Finally, Argus upped their target price on Paypal from $80.00 to $87.00 and gave the company a “buy” rating in a report on Friday, November 17th. Nine investment analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. Paypal has a consensus rating of “Buy” and a consensus price target of $77.04.
Paypal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.64 billion. Paypal had a return on equity of 11.59% and a net margin of 13.71%. Paypal’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 EPS. analysts anticipate that Paypal Holdings Inc will post 1.75 EPS for the current year.
In other Paypal news, EVP Adele Louise Pentland sold 6,000 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $78.11, for a total value of $468,660.00. Following the completion of the transaction, the executive vice president now owns 46,045 shares in the company, valued at approximately $3,596,574.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO William J. Ready sold 60,000 shares of the company’s stock in a transaction 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 transaction, the chief operating officer now owns 95,944 shares of the company’s stock, 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 valued at $9,818,481 over the last three months. 6.00% of the stock is currently owned by insiders.
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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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