Gerber Kawasaki Wealth & Investment Management Acquires New Holdings in Paypal Holdings Inc (PYPL)

Gerber Kawasaki Wealth & Investment Management acquired a new stake in Paypal Holdings Inc (NASDAQ:PYPL) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,634 shares of the credit services provider’s stock, valued at approximately $341,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Jennison Associates LLC raised its holdings in Paypal by 117.3% in the fourth quarter. Jennison Associates LLC now owns 16,354,298 shares of the credit services provider’s stock worth $1,204,003,000 after purchasing an additional 8,827,558 shares during the period. Harding Loevner LP raised its holdings in Paypal by 86.1% in the third quarter. Harding Loevner LP now owns 11,353,818 shares of the credit services provider’s stock worth $381,030,000 after purchasing an additional 5,253,746 shares during the period. Bank of New York Mellon Corp raised its holdings in Paypal by 25.6% in the third quarter. Bank of New York Mellon Corp now owns 10,973,668 shares of the credit services provider’s stock worth $702,644,000 after purchasing an additional 2,234,157 shares during the period. American Century Companies Inc. raised its holdings in Paypal by 1.9% in the fourth quarter. American Century Companies Inc. now owns 8,198,851 shares of the credit services provider’s stock worth $603,599,000 after purchasing an additional 154,154 shares during the period. Finally, First Trust Advisors LP raised its holdings in Paypal by 1.0% in the third quarter. First Trust Advisors LP now owns 5,443,755 shares of the credit services provider’s stock worth $348,564,000 after purchasing an additional 54,958 shares during the period. Institutional investors and hedge funds own 82.46% of the company’s stock.

Paypal Holdings Inc (NASDAQ:PYPL) opened at $74.75 on Friday. Paypal Holdings Inc has a 12-month low of $40.30 and a 12-month high of $86.32. The company has a market cap of $92,860.00 and a PE ratio of 50.85.

Paypal (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. Paypal had a net margin of 13.71% and a return on equity of 11.59%. The company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter last year, the firm posted $0.42 EPS. The company’s quarterly revenue was up 25.6% on a year-over-year basis. equities analysts anticipate that Paypal Holdings Inc will post 1.75 earnings per share for the current year.

PYPL has been the topic of several analyst reports. Zacks Investment Research lowered shares of Paypal from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 25th. BidaskClub lowered shares of Paypal from a “strong-buy” rating to a “buy” rating in a report on Monday, December 25th. Morgan Stanley increased their target price on shares of Paypal from $76.00 to $77.00 and gave the stock an “overweight” rating in a report on Friday, October 20th. Goldman Sachs Group reiterated a “buy” rating and issued a $90.00 target price (up from $80.00) on shares of Paypal in a report on Thursday, December 21st. Finally, Robert W. Baird reiterated a “buy” rating and issued a $80.00 target price (up from $65.00) on shares of Paypal in a report on Friday, October 20th. Nine investment analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $77.04.

In other news, COO William J. Ready sold 60,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $77.68, for a total transaction of $4,660,800.00. Following the completion of the sale, the chief operating officer now owns 95,944 shares in the company, valued at approximately $7,452,929.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO John D. Rainey sold 50,977 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $77.68, for a total transaction of $3,959,893.36. Following the sale, the chief financial officer now owns 114,020 shares of the company’s stock, valued at approximately $8,857,073.60. The disclosure for this sale can be found here. In the last three months, insiders sold 126,344 shares of company stock valued at $9,818,481. Insiders own 6.00% of the company’s stock.

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Paypal Company Profile

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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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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