Benjamin F. Edwards & Company Inc. trimmed its stake in Paypal Holdings Inc (NASDAQ:PYPL) by 34.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,375 shares of the credit services provider’s stock after selling 4,877 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Paypal were worth $690,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Westside Investment Management Inc. boosted its stake in shares of Paypal by 0.4% during the 2nd quarter. Westside Investment Management Inc. now owns 13,849 shares of the credit services provider’s stock worth $761,000 after acquiring an additional 60 shares during the period. Calamos Wealth Management LLC boosted its stake in shares of Paypal by 0.3% during the 2nd quarter. Calamos Wealth Management LLC now owns 38,860 shares of the credit services provider’s stock worth $2,086,000 after acquiring an additional 98 shares during the period. Ropes Wealth Advisors LLC boosted its stake in shares of Paypal by 1.2% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 8,642 shares of the credit services provider’s stock worth $464,000 after acquiring an additional 99 shares during the period. Linscomb & Williams Inc. boosted its stake in shares of Paypal by 0.7% during the 2nd quarter. Linscomb & Williams Inc. now owns 16,248 shares of the credit services provider’s stock worth $872,000 after acquiring an additional 117 shares during the period. Finally, Green Square Capital LLC boosted its stake in shares of Paypal by 2.0% during the 2nd quarter. Green Square Capital LLC now owns 6,748 shares of the credit services provider’s stock worth $362,000 after acquiring an additional 133 shares during the period. Hedge funds and other institutional investors own 81.90% of the company’s stock.

PYPL has been the subject of several research analyst reports. Zacks Investment Research downgraded Paypal from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 25th. BidaskClub downgraded Paypal from a “strong-buy” rating to a “buy” rating in a research note on Monday, December 25th. Morgan Stanley lifted their target price on Paypal from $76.00 to $77.00 and gave the stock an “overweight” rating in a research note on Friday, October 20th. Goldman Sachs Group reiterated a “buy” rating and set a $90.00 target price (up from $80.00) on shares of Paypal in a research note on Thursday, December 21st. Finally, Robert W. Baird reiterated a “buy” rating and set a $80.00 target price (up from $65.00) on shares of Paypal in a research note on Friday, October 20th. Ten analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $76.55.

Paypal Holdings Inc (PYPL) opened at $83.84 on Friday. The firm has a market capitalization of $101,860.00 and a price-to-earnings ratio of 65.50. Paypal Holdings Inc has a fifty-two week low of $39.02 and a fifty-two week high of $84.19.

Paypal (NASDAQ:PYPL) last announced its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The firm had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.18 billion. Paypal had a return on equity of 11.33% and a net margin of 12.69%. The company’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 EPS. equities research analysts predict that Paypal Holdings Inc will post 1.37 EPS for the current year.

In related news, Director Rodney C. Adkins acquired 6,750 shares of the company’s stock in a transaction on Friday, December 8th. The stock was purchased at an average cost of $74.04 per share, with a total value of $499,770.00. Following the acquisition, 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 can be accessed through this hyperlink. 6.00% of the stock is owned by insiders.

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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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