Marble Arch Investments LP Sells 879,000 Shares of Paypal Holdings Inc (PYPL)
Marble Arch Investments LP lessened its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 62.9% during the 4th quarter, HoldingsChannel reports. The fund owned 518,000 shares of the credit services provider’s stock after selling 879,000 shares during the period. Paypal comprises approximately 2.9% of Marble Arch Investments LP’s holdings, making the stock its 17th largest position. Marble Arch Investments LP’s holdings in Paypal were worth $38,135,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in PYPL. San Francisco Sentry Investment Group CA boosted 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 valued at $100,000 after acquiring an additional 1,217 shares in the last quarter. Arcadia Investment Management Corp MI boosted 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 valued at $106,000 after acquiring an additional 1,000 shares in the last quarter. Truewealth LLC bought a new stake in Paypal during the 4th quarter valued at $106,000. Front Row Advisors LLC bought a new stake in Paypal during the 4th quarter valued at $111,000. Finally, Risk Paradigm Group LLC boosted its position in Paypal by 282.5% during the 4th quarter. Risk Paradigm Group LLC now owns 1,530 shares of the credit services provider’s stock valued at $113,000 after acquiring an additional 1,130 shares in the last quarter. 80.58% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have issued reports on PYPL shares. Credit Suisse Group reaffirmed an “outperform” rating and set a $85.00 target price (up previously from $74.00) on shares of Paypal in a research report on Friday, November 17th. Citigroup reissued a “buy” rating and issued a $87.00 price objective on shares of Paypal in a research report on Friday, November 17th. Argus raised their price objective on Paypal from $80.00 to $87.00 and gave the stock a “buy” rating in a research report on Friday, November 17th. Cowen raised Paypal from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $79.05 to $88.00 in a research report on Tuesday, January 9th. Finally, KeyCorp reissued a “buy” rating and issued a $90.00 price objective on shares of Paypal in a research report on Friday, December 1st. Nine investment 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’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $76.97.
Paypal Holdings Inc (PYPL) opened at $80.20 on Wednesday. The firm has a market capitalization of $96,250.00 and a PE ratio of 49.51. Paypal Holdings Inc has a 52 week low of $41.74 and a 52 week high of $86.32.
Paypal (NASDAQ:PYPL) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $3.64 billion. Paypal had a return on equity of 11.59% and a net margin of 13.71%. The company’s revenue was up 25.6% on a year-over-year basis. During the same quarter last year, the business posted $0.42 EPS. analysts expect that Paypal Holdings Inc will post 1.73 earnings per share for the current year.
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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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