Welch Capital Partners LLC NY reduced its position in Paypal Holdings Inc (NASDAQ:PYPL) by 23.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 123,050 shares of the credit services provider’s stock after selling 37,920 shares during the quarter. Paypal accounts for approximately 3.2% of Welch Capital Partners LLC NY’s holdings, making the stock its 9th biggest holding. Welch Capital Partners LLC NY’s holdings in Paypal were worth $9,059,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. San Francisco Sentry Investment Group CA increased its position in shares of Paypal by 352.8% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock worth $100,000 after acquiring an additional 1,217 shares during the period. Arcadia Investment Management Corp MI increased its position in shares of Paypal by 230.4% during the fourth quarter. Arcadia Investment Management Corp MI now owns 1,434 shares of the credit services provider’s stock worth $106,000 after acquiring an additional 1,000 shares during the period. Front Row Advisors LLC purchased a new position in shares of Paypal during the fourth quarter worth approximately $111,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Paypal during the third quarter worth approximately $113,000. Finally, D Orazio & Associates Inc. increased its position in shares of Paypal by 142.9% during the fourth quarter. D Orazio & Associates Inc. now owns 1,700 shares of the credit services provider’s stock worth $125,000 after acquiring an additional 1,000 shares during the period. 80.58% of the stock is currently owned by institutional investors.
In other news, COO William J. Ready sold 60,000 shares of Paypal stock in a transaction on 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 $7,452,929.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Aaron Anderson sold 9,367 shares of Paypal stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $77.84, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold 196,413 shares of company stock valued at $15,348,028 over the last quarter. Insiders own 6.00% of the company’s stock.
Shares of Paypal Holdings Inc (NASDAQ PYPL) traded up $3.11 on Wednesday, reaching $83.31. 14,280,000 shares of the company’s stock traded hands, compared to its average volume of 11,180,000. The firm has a market capitalization of $99,990.00 and a P/E ratio of 51.43. Paypal Holdings Inc has a 52 week low of $41.74 and a 52 week high of $86.32.
Paypal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $0.55 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the previous year, the firm posted $0.42 earnings per share. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. analysts anticipate that Paypal Holdings Inc will post 1.73 EPS for the current year.
A number of brokerages have recently commented on PYPL. BTIG Research lowered shares of Paypal from a “buy” rating to a “neutral” rating in a research report on Thursday, February 1st. Cantor Fitzgerald reiterated a “buy” rating and set a $85.00 price objective on shares of Paypal in a research note on Thursday, February 1st. Mizuho reiterated a “hold” rating and set a $70.00 price objective on shares of Paypal in a research note on Thursday, February 1st. Jefferies Group reiterated an “outperform” rating on shares of Paypal in a research note on Monday, November 20th. Finally, Stifel Nicolaus increased their price objective on shares of Paypal from $77.00 to $79.00 and gave the company a “hold” rating in a research note on Thursday, February 1st. Nine research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the stock. Paypal has an average rating of “Buy” and a consensus target price of $76.97.
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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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