Steel Peak Wealth Management LLC acquired a new position in shares of Paypal Holdings Inc (NASDAQ:PYPL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,348 shares of the credit services provider’s stock, valued at approximately $1,011,000.

A number of other large investors have also recently bought and sold shares of PYPL. Fisher Asset Management LLC lifted its holdings in Paypal by 609.2% during the 3rd quarter. Fisher Asset Management LLC now owns 4,402,613 shares of the credit services provider’s stock worth $456,067,000 after buying an additional 3,781,844 shares in the last quarter. BlackRock Inc. lifted its holdings in Paypal by 1.6% during the 2nd quarter. BlackRock Inc. now owns 74,983,829 shares of the credit services provider’s stock worth $8,582,649,000 after buying an additional 1,194,180 shares in the last quarter. Manning & Napier Group LLC acquired a new position in Paypal during the 4th quarter worth $73,282,000. Lindsell Train Ltd lifted its holdings in Paypal by 9.2% during the 3rd quarter. Lindsell Train Ltd now owns 7,371,352 shares of the credit services provider’s stock worth $763,598,000 after buying an additional 623,921 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in Paypal by 27.8% during the 3rd quarter. California Public Employees Retirement System now owns 2,793,920 shares of the credit services provider’s stock worth $289,422,000 after buying an additional 606,988 shares in the last quarter. 80.65% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have issued reports on PYPL. Raymond James upped their price objective on Paypal from $122.00 to $124.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. BTIG Research reaffirmed a “buy” rating and set a $130.00 price objective on shares of Paypal in a report on Thursday, November 21st. Cantor Fitzgerald reduced their price objective on Paypal from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. BidaskClub raised Paypal from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Finally, BMO Capital Markets increased their price target on Paypal from $147.00 to $153.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Five analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Paypal currently has an average rating of “Buy” and an average price target of $127.03.

PYPL stock traded up $2.27 during trading hours on Friday, reaching $122.78. 542,394 shares of the stock were exchanged, compared to its average volume of 7,190,936. The firm’s 50-day moving average is $114.26 and its 200-day moving average is $107.58. The company has a market cap of $140.83 billion, a price-to-earnings ratio of 59.38, a PEG ratio of 2.48 and a beta of 0.93. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.43 and a quick ratio of 1.43. Paypal Holdings Inc has a 12 month low of $93.10 and a 12 month high of $122.19.

Paypal (NASDAQ:PYPL) last released its earnings results on Thursday, January 30th. The credit services provider reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.03. The firm had revenue of $4.96 billion during the quarter, compared to analysts’ expectations of $4.94 billion. Paypal had a return on equity of 17.33% and a net margin of 13.84%. The company’s revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 EPS. As a group, equities research analysts forecast that Paypal Holdings Inc will post 2.63 earnings per share for the current year.

In other Paypal news, CEO Daniel H. Schulman sold 25,000 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $119.01, for a total transaction of $2,975,250.00. Following the completion of the transaction, the chief executive officer now owns 357,674 shares in the company, valued at approximately $42,566,782.74. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Daniel H. Schulman sold 25,719 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $104.73, for a total value of $2,693,550.87. Following the transaction, the chief executive officer now owns 407,793 shares of the company’s stock, valued at approximately $42,708,160.89. The disclosure for this sale can be found here. In the last quarter, insiders have sold 80,719 shares of company stock valued at $8,773,501. Corporate insiders own 0.15% of the company’s stock.

Paypal Profile

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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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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