FUKOKU MUTUAL LIFE INSURANCE Co cut its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 5.2% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 5,500 shares of the credit services provider’s stock after selling 300 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Paypal Holdings were worth $237,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of PYPL. Crestwood Advisors Group LLC acquired a new stake in Paypal Holdings during the first quarter worth $106,000. Carroll Financial Associates Inc. boosted its stake in Paypal Holdings by 41.7% in the first quarter. Carroll Financial Associates Inc. now owns 2,516 shares of the credit services provider’s stock worth $108,000 after buying an additional 740 shares in the last quarter. West Oak Capital LLC boosted its stake in Paypal Holdings by 23.9% in the first quarter. West Oak Capital LLC now owns 2,850 shares of the credit services provider’s stock worth $123,000 after buying an additional 550 shares in the last quarter. FNY Partners Fund LP acquired a new stake in Paypal Holdings during the fourth quarter worth $124,000. Finally, SRS Capital Advisors Inc. acquired a new stake in Paypal Holdings during the fourth quarter worth $135,000. Institutional investors own 81.22% of the company’s stock.
Shares of Paypal Holdings Inc (NASDAQ:PYPL) opened at 50.93 on Friday. The stock’s 50 day moving average price is $46.93 and its 200 day moving average price is $42.57. The stock has a market cap of $61.18 billion, a price-to-earnings ratio of 43.53 and a beta of 0.91. Paypal Holdings Inc has a 52 week low of $34.00 and a 52 week high of $51.13.
Paypal Holdings (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, April 26th. The credit services provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.01. The company had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.94 billion. Paypal Holdings had a net margin of 12.92% and a return on equity of 10.69%. The company’s revenue was up 16.9% on a year-over-year basis. During the same quarter last year, the business earned $0.37 earnings per share. Equities research analysts anticipate that Paypal Holdings Inc will post $1.78 EPS for the current fiscal year.
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A number of analysts have weighed in on PYPL shares. Jefferies Group LLC restated a “buy” rating and issued a $52.00 price target on shares of Paypal Holdings in a research note on Thursday, February 9th. Deutsche Bank AG reiterated a “buy” rating and set a $52.00 target price on shares of Paypal Holdings in a research report on Monday, January 30th. Mizuho reiterated a “buy” rating and set a $48.00 target price on shares of Paypal Holdings in a research report on Friday, January 27th. BTIG Research reiterated a “buy” rating and set a $24.00 target price on shares of Paypal Holdings in a research report on Thursday, February 16th. Finally, Vetr cut Paypal Holdings from a “strong-buy” rating to a “buy” rating and set a $46.96 target price on the stock. in a research report on Thursday, February 16th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $49.01.
In related news, EVP Gary J. Marino sold 13,535 shares of the firm’s stock in a transaction that occurred on Tuesday, April 4th. The shares were sold at an average price of $42.52, for a total transaction of $575,508.20. Following the completion of the sale, the executive vice president now directly owns 39,405 shares in the company, valued at $1,675,500.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Gary J. Marino sold 17,386 shares of the firm’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $42.63, for a total transaction of $741,165.18. Following the sale, the executive vice president now owns 40,740 shares of the company’s stock, valued at $1,736,746.20. The disclosure for this sale can be found here. Company insiders own 7.00% of the company’s stock.
About Paypal Holdings
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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