Motco boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL – Get Rating) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,042 shares of the credit services provider’s stock after buying an additional 1,832 shares during the quarter. Motco’s holdings in PayPal were worth $8,117,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Fisher Asset Management LLC increased its position in shares of PayPal by 20.6% during the 4th quarter. Fisher Asset Management LLC now owns 14,468,988 shares of the credit services provider’s stock worth $2,728,562,000 after purchasing an additional 2,476,199 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of PayPal during the 4th quarter worth approximately $253,727,000. UBS Asset Management Americas Inc. increased its holdings in shares of PayPal by 19.2% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 7,277,858 shares of the credit services provider’s stock worth $1,893,771,000 after acquiring an additional 1,172,815 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of PayPal by 38.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,449,276 shares of the credit services provider’s stock worth $897,536,000 after acquiring an additional 950,699 shares during the last quarter. Finally, Clear Street LLC acquired a new position in shares of PayPal during the 4th quarter worth approximately $179,152,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on PYPL shares. DZ Bank lowered PayPal from a “buy” rating to a “hold” rating and set a $140.00 target price on the stock. in a report on Thursday, February 3rd. Canaccord Genuity Group reduced their price target on PayPal from $315.00 to $215.00 and set a “buy” rating for the company in a research note on Wednesday, February 2nd. Loop Capital reduced their price target on PayPal from $212.00 to $138.00 in a research note on Thursday. Exane BNP Paribas downgraded PayPal from an “outperform” rating to a “neutral” rating in a research note on Monday, January 10th. Finally, Citigroup reduced their price target on PayPal from $185.00 to $140.00 in a research note on Sunday, April 24th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and thirty have issued a buy rating to the company. Based on data from MarketBeat.com, PayPal presently has a consensus rating of “Buy” and an average price target of $155.93.
PayPal (NASDAQ:PYPL – Get Rating) last issued its quarterly earnings results on Wednesday, April 27th. The credit services provider reported $0.88 earnings per share for the quarter, meeting the consensus estimate of $0.88. PayPal had a return on equity of 17.69% and a net margin of 13.87%. During the same period in the previous year, the business earned $0.91 earnings per share. Equities research analysts predict that PayPal Holdings, Inc. will post 3.36 EPS for the current year.
In other PayPal news, EVP Peggy Alford sold 4,245 shares of the stock in a transaction that occurred on Friday, February 4th. The stock was sold at an average price of $124.34, for a total value of $527,823.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Daniel H. Schulman purchased 7,994 shares of the business’s stock in a transaction on Thursday, February 3rd. The stock was purchased at an average price of $124.57 per share, for a total transaction of $995,812.58. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 24,894 shares of company stock worth $2,965,405. 0.10% of the stock is owned by corporate insiders.
PayPal Profile (Get Rating)
PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.
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