Daiwa Securities Group Inc. boosted its holdings in Paypal Holdings Inc (NASDAQ:PYPL) by 45.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 51,824 shares of the credit services provider’s stock after buying an additional 16,223 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Paypal were worth $3,815,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PYPL. San Francisco Sentry Investment Group CA grew its position in Paypal by 352.8% during the 3rd 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 in the last quarter. Arcadia Investment Management Corp MI grew its position in Paypal by 230.4% during the 4th 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 in the last quarter. Front Row Advisors LLC purchased a new position in Paypal during the 4th quarter worth approximately $111,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Paypal during the 3rd quarter worth approximately $113,000. Finally, D Orazio & Associates Inc. grew its position in Paypal by 142.9% during the 4th quarter. D Orazio & Associates Inc. now owns 1,700 shares of the credit services provider’s stock worth $125,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Paypal from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. Wells Fargo & Co raised shares of Paypal from a “market perform” rating to an “outperform” rating and set a $70.00 target price for the company in a research note on Monday, February 5th. Vetr raised shares of Paypal from a “hold” rating to a “buy” rating and set a $86.65 target price for the company in a research note on Thursday, February 1st. Citigroup reissued a “buy” rating and set a $90.00 target price on shares of Paypal in a research note on Thursday, February 1st. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $85.00 target price on shares of Paypal in a research note on Thursday, February 1st. Nine equities research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $77.04.

In related news, VP Aaron Anderson sold 9,367 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $77.84, for a total value of $729,127.28. Following the sale, the vice president now owns 18,480 shares of the company’s stock, valued at $1,438,483.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO William J. Ready sold 60,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $77.68, for a total transaction of $4,660,800.00. Following the completion of the sale, the chief operating officer now directly owns 95,944 shares in the company, valued at approximately $7,452,929.92. The disclosure for this sale can be found here. In the last three months, insiders sold 126,344 shares of company stock worth $9,818,481. 6.00% of the stock is currently owned by insiders.

Shares of Paypal Holdings Inc (NASDAQ:PYPL) opened at $75.28 on Tuesday. The firm has a market cap of $89,711.96, a PE ratio of 51.20, a P/E/G ratio of 2.39 and a beta of 1.18. Paypal Holdings Inc has a 52 week low of $40.74 and a 52 week high of $86.32.

Paypal (NASDAQ:PYPL) last posted its earnings results on Wednesday, January 31st. The credit services provider reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. The business had revenue of $3.74 billion for 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 firm’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 earnings per share. equities analysts anticipate that Paypal Holdings Inc will post 1.75 earnings per share for the current fiscal year.

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Paypal Company 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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