Anchor Capital Advisors LLC decreased its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 9.0% during the 4th quarter, HoldingsChannel reports. The firm owned 415,537 shares of the credit services provider’s stock after selling 40,936 shares during the quarter. Paypal accounts for 1.1% of Anchor Capital Advisors LLC’s investment portfolio, making the stock its 28th biggest holding. Anchor Capital Advisors LLC’s holdings in Paypal were worth $30,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Westside Investment Management Inc. raised its holdings in Paypal by 0.4% during the second quarter. Westside Investment Management Inc. now owns 13,849 shares of the credit services provider’s stock worth $761,000 after purchasing an additional 60 shares in the last quarter. Linscomb & Williams Inc. raised its holdings in Paypal by 0.7% during the second quarter. Linscomb & Williams Inc. now owns 16,248 shares of the credit services provider’s stock worth $872,000 after purchasing an additional 117 shares in the last quarter. Albion Financial Group UT raised its holdings in Paypal by 1.4% during the second quarter. Albion Financial Group UT now owns 10,682 shares of the credit services provider’s stock worth $573,000 after purchasing an additional 145 shares in the last quarter. Kingfisher Capital LLC raised its holdings in Paypal by 1.9% during the second quarter. Kingfisher Capital LLC now owns 27,866 shares of the credit services provider’s stock worth $1,496,000 after purchasing an additional 514 shares in the last quarter. Finally, Advisory Services Network LLC raised its holdings in Paypal by 1.6% during the second quarter. Advisory Services Network LLC now owns 36,802 shares of the credit services provider’s stock worth $1,975,000 after purchasing an additional 584 shares in the last quarter. 82.46% of the stock is currently owned by hedge funds and other institutional investors.

Paypal Holdings Inc (PYPL) opened at $74.75 on Friday. Paypal Holdings Inc has a 52-week low of $40.30 and a 52-week high of $86.32. The firm has a market cap of $92,860.00 and a P/E ratio of 50.85.

Paypal (NASDAQ:PYPL) last posted its quarterly earnings data 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. Paypal had a net margin of 13.71% and a return on equity of 11.59%. The firm had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same period in the previous year, the company posted $0.42 EPS. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. sell-side analysts expect that Paypal Holdings Inc will post 1.75 EPS for the current year.

In other news, VP Aaron Anderson sold 9,367 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $77.84, for a total transaction of $729,127.28. Following the transaction, the vice president now directly owns 18,480 shares in the company, valued at approximately $1,438,483.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Rodney C. Adkins purchased 6,750 shares of the stock in a transaction dated Friday, December 8th. The shares were bought at an average price of $74.04 per share, for a total transaction of $499,770.00. Following the completion of the acquisition, the director now owns 10,149 shares in the company, valued at $751,431.96. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 126,344 shares of company stock worth $9,818,481. 6.00% of the stock is currently owned by corporate insiders.

Several equities research analysts recently commented on the company. BidaskClub raised Paypal from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 10th. Stifel Nicolaus boosted their target price on Paypal from $61.00 to $70.00 and gave the stock a “hold” rating in a report on Sunday, October 22nd. Zacks Investment Research raised Paypal from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a report on Thursday, October 26th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $79.00 price target on shares of Paypal in a report on Friday, October 20th. Finally, Stephens upped their price target on Paypal from $65.00 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, October 17th. Nine equities research analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $77.04.

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Paypal Profile

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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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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