Robertson Opportunity Capital LLC Acquires 6,000 Shares of Paypal Holdings Inc (PYPL)
Robertson Opportunity Capital LLC increased its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 3.2% during the fourth quarter, Holdings Channel reports. The fund owned 196,200 shares of the credit services provider’s stock after acquiring an additional 6,000 shares during the quarter. Paypal comprises about 8.5% of Robertson Opportunity Capital LLC’s holdings, making the stock its 2nd biggest holding. Robertson Opportunity Capital LLC’s holdings in Paypal were worth $14,444,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. San Francisco Sentry Investment Group CA increased its holdings in shares of 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 acquiring an additional 1,217 shares during the last quarter. Arcadia Investment Management Corp MI increased its holdings in shares of 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 acquiring an additional 1,000 shares during the last quarter. Truewealth LLC acquired a new position in shares of Paypal during the 4th quarter worth approximately $106,000. Front Row Advisors LLC acquired a new position in shares of Paypal during the 4th quarter worth approximately $111,000. Finally, Risk Paradigm Group LLC increased its holdings in shares of Paypal by 282.5% during the 4th quarter. Risk Paradigm Group LLC now owns 1,530 shares of the credit services provider’s stock worth $113,000 after acquiring an additional 1,130 shares during the last quarter. 80.58% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently weighed in on PYPL. Craig Hallum set a $93.00 target price on Paypal and gave the stock a “buy” rating in a report on Monday, November 20th. Jefferies Group boosted their price target on Paypal from $86.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Stifel Nicolaus boosted their price target on Paypal from $77.00 to $79.00 and gave the company a “hold” rating in a research note on Thursday, February 1st. Vetr upgraded Paypal from a “hold” rating to a “buy” rating and set a $86.65 price target for the company in a research note on Thursday, February 1st. Finally, Credit Suisse Group restated a “buy” rating and issued a $85.00 price target on shares of Paypal in a research note on Tuesday, December 5th. Nine investment analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $76.97.
Paypal (NASDAQ:PYPL) last issued its earnings results on Wednesday, January 31st. The credit services provider reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. Paypal had a return on equity of 11.59% and a net margin of 13.71%. The business had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter in the prior year, the firm earned $0.42 EPS. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. equities research analysts predict that Paypal Holdings Inc will post 1.73 earnings per share for the current year.
In other news, insider Daniel H. Schulman sold 26,000 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $80.66, for a total value of $2,097,160.00. Following the completion of the sale, the insider now owns 268,189 shares of the company’s stock, valued at $21,632,124.74. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Aaron Karczmer sold 5,674 shares of the stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $77.51, for a total value of $439,791.74. Following the completion of the sale, the executive vice president now directly owns 23,909 shares of the company’s stock, valued at approximately $1,853,186.59. The disclosure for this sale can be found here. In the last ninety days, insiders sold 196,413 shares of company stock valued at $15,348,028. Insiders own 6.00% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This report was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another publication, it was stolen and republished in violation of United States & international copyright & trademark laws. The original version of this report can be viewed at https://www.thecerbatgem.com/2018/03/14/robertson-opportunity-capital-llc-acquires-6000-shares-of-paypal-holdings-inc-pypl.html.
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.
Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Paypal Holdings Inc (NASDAQ:PYPL).
Receive News & Ratings for Paypal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paypal and related companies with MarketBeat.com's FREE daily email newsletter.