Pictet North America Advisors SA Reduces Stake in Paypal Holdings Inc (PYPL)
Pictet North America Advisors SA decreased its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 2.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 29,233 shares of the credit services provider’s stock after selling 615 shares during the quarter. Pictet North America Advisors SA’s holdings in Paypal were worth $3,036,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Truehand Inc acquired a new position in Paypal in the fourth quarter valued at about $25,000. Bruderman Asset Management LLC acquired a new position in shares of Paypal during the fourth quarter worth approximately $27,000. Karp Capital Management Corp acquired a new position in shares of Paypal during the fourth quarter worth approximately $37,000. Virtus ETF Advisers LLC lifted its position in shares of Paypal by 33.7% during the fourth quarter. Virtus ETF Advisers LLC now owns 448 shares of the credit services provider’s stock worth $38,000 after purchasing an additional 113 shares in the last quarter. Finally, Liberty Wealth Management LLC acquired a new position in shares of Paypal during the fourth quarter worth approximately $39,000. Institutional investors own 81.68% of the company’s stock.
A number of equities analysts have recently issued reports on the stock. BidaskClub upgraded shares of Paypal from a “buy” rating to a “strong-buy” rating in a research report on Friday. Zacks Investment Research raised shares of Paypal from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. Loop Capital boosted their price target on shares of Paypal to $100.00 and gave the stock a “hold” rating in a research note on Tuesday, April 16th. UBS Group downgraded shares of Paypal from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $101.00 to $120.00 in a research note on Wednesday, April 17th. Finally, Morgan Stanley boosted their price target on shares of Paypal from $103.00 to $113.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 17th. Ten analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $107.68.
Paypal (NASDAQ:PYPL) last issued its earnings results on Wednesday, April 24th. The credit services provider reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.11. Paypal had a net margin of 13.92% and a return on equity of 15.50%. The firm had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.13 billion. During the same quarter in the prior year, the firm earned $0.57 earnings per share. The business’s quarterly revenue was up 12.1% on a year-over-year basis. On average, equities research analysts forecast that Paypal Holdings Inc will post 2.24 EPS for the current fiscal year.
In other Paypal news, EVP Aaron Karczmer sold 3,677 shares of the stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $94.44, for a total value of $347,255.88. Following the completion of the sale, the executive vice president now owns 11,399 shares in the company, valued at $1,076,521.56. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Adele Louise Pentland sold 74,021 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $97.08, for a total transaction of $7,185,958.68. Following the completion of the sale, the executive vice president now owns 162,735 shares of the company’s stock, valued at approximately $15,798,313.80. The disclosure for this sale can be found here. Insiders have sold 333,251 shares of company stock valued at $34,252,211 in the last three months. 0.15% of the stock is owned by insiders.
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PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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