Probity Advisors Inc. cut its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Get Rating) by 2.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,482 shares of the credit services provider’s stock after selling 191 shares during the quarter. Probity Advisors Inc.’s holdings in PayPal were worth $1,600,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Level Financial Advisors Inc. bought a new position in PayPal in the fourth quarter valued at approximately $25,000. LFA Lugano Financial Advisors SA bought a new position in PayPal in the fourth quarter valued at approximately $26,000. Curi Wealth Management LLC bought a new position in PayPal in the fourth quarter valued at approximately $30,000. Disciplined Investments LLC increased its stake in PayPal by 203.6% in the fourth quarter. Disciplined Investments LLC now owns 170 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 114 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC bought a new position in PayPal in the fourth quarter valued at approximately $36,000. 75.90% of the stock is currently owned by institutional investors.
In related news, Director Enrique Lores bought 1,100 shares of the company’s stock in a transaction on Wednesday, May 4th. The shares were purchased at an average cost of $88.13 per share, for a total transaction of $96,943.00. Following the completion of the purchase, the director now directly owns 5,235 shares in the company, valued at $461,360.55. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Peggy Alford sold 14,767 shares of the company’s stock in a transaction that occurred on Friday, May 6th. The shares were sold at an average price of $85.32, for a total transaction of $1,259,920.44. Following the sale, the executive vice president now owns 39,891 shares in the company, valued at $3,403,500.12. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.
PayPal (NASDAQ:PYPL – Get Rating) last posted its earnings results on Wednesday, April 27th. The credit services provider reported $0.88 EPS for the quarter, hitting the consensus estimate of $0.88. PayPal had a net margin of 13.87% and a return on equity of 17.90%. During the same quarter in the prior year, the firm earned $0.91 earnings per share. On average, analysts predict that PayPal Holdings, Inc. will post 2.7 EPS for the current year.
A number of research analysts recently issued reports on the stock. William Blair reissued an “outperform” rating on shares of PayPal in a research note on Wednesday, April 27th. Stephens started coverage on shares of PayPal in a research note on Wednesday, April 6th. They set an “equal weight” rating and a $135.00 target price on the stock. Rosenblatt Securities decreased their target price on shares of PayPal from $227.00 to $216.00 and set a “buy” rating on the stock in a research note on Wednesday, February 2nd. Needham & Company LLC decreased their target price on shares of PayPal from $275.00 to $166.00 in a research note on Thursday, February 3rd. Finally, Wells Fargo & Company decreased their target price on shares of PayPal from $152.00 to $115.00 in a research note on Thursday, April 28th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirty have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $152.83.
PayPal Company 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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