Moreno Evelyn V Cuts Holdings in Paypal Holdings Inc (PYPL)
Moreno Evelyn V cut its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 10.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 9,640 shares of the credit services provider’s stock after selling 1,150 shares during the quarter. Moreno Evelyn V’s holdings in Paypal were worth $710,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the business. Arcadia Investment Management Corp MI raised its position in shares of Paypal by 230.4% in the 4th quarter. Arcadia Investment Management Corp MI now owns 1,434 shares of the credit services provider’s stock valued at $106,000 after acquiring an additional 1,000 shares during the period. Front Row Advisors LLC acquired a new stake in shares of Paypal in the 4th quarter valued at approximately $111,000. San Francisco Sentry Investment Group CA raised its position in shares of Paypal by 352.8% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock valued at $100,000 after acquiring an additional 1,217 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Paypal in the 3rd quarter valued at approximately $113,000. Finally, Cerebellum GP LLC acquired a new stake in shares of Paypal in the 4th quarter valued at approximately $131,000. Institutional investors own 82.46% of the company’s stock.
PYPL has been the topic of a number of analyst reports. Cantor Fitzgerald reiterated a “buy” rating and issued a $85.00 price target on shares of Paypal in a research report on Thursday, February 1st. BTIG Research reiterated a “buy” rating and issued a $81.00 price target on shares of Paypal in a research report on Sunday, November 19th. Vetr upgraded shares of Paypal from a “hold” rating to a “buy” rating and set a $80.21 price target on the stock in a research report on Wednesday, November 29th. Robert W. Baird increased their price target on shares of Paypal from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, November 16th. Finally, Zacks Investment Research upgraded shares of Paypal from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a research report on Wednesday, December 20th. Nine equities research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $77.04.
Paypal (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.03. The company had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.64 billion. Paypal had a net margin of 13.71% and a return on equity of 11.59%. The business’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period last year, the business earned $0.42 EPS. equities analysts predict that Paypal Holdings Inc will post 1.75 EPS for the current year.
In other Paypal news, Director Rodney C. Adkins purchased 6,750 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was bought at an average cost of $74.04 per share, with a total value of $499,770.00. Following the purchase, the director now directly owns 10,149 shares of the company’s stock, valued at $751,431.96. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Adele Louise Pentland sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $78.11, for a total transaction of $468,660.00. Following the transaction, the executive vice president now directly owns 46,045 shares of the company’s stock, valued at $3,596,574.95. The disclosure for this sale can be found here. Insiders have sold a total of 126,344 shares of company stock valued at $9,818,481 over the last ninety days. Company insiders own 6.00% of the company’s stock.
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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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