Ballentine Partners LLC Acquires 420 Shares of Paypal Holdings Inc (PYPL)

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Ballentine Partners LLC grew its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 10.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,594 shares of the credit services provider’s stock after purchasing an additional 420 shares during the period. Ballentine Partners LLC’s holdings in Paypal were worth $386,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Security National Trust Co. raised its holdings in Paypal by 3.0% in the 3rd quarter. Security National Trust Co. now owns 25,361 shares of the credit services provider’s stock worth $2,228,000 after acquiring an additional 730 shares during the last quarter. American Assets Investment Management LLC raised its holdings in Paypal by 16.4% in the 4th quarter. American Assets Investment Management LLC now owns 72,990 shares of the credit services provider’s stock worth $6,138,000 after acquiring an additional 10,300 shares during the last quarter. Concorde Asset Management LLC raised its holdings in Paypal by 3.1% in the 4th quarter. Concorde Asset Management LLC now owns 4,027 shares of the credit services provider’s stock worth $339,000 after acquiring an additional 121 shares during the last quarter. Gateway Investment Advisers LLC raised its holdings in Paypal by 8.7% in the 4th quarter. Gateway Investment Advisers LLC now owns 733,302 shares of the credit services provider’s stock worth $61,663,000 after acquiring an additional 58,546 shares during the last quarter. Finally, Weatherly Asset Management L. P. raised its holdings in Paypal by 2.7% in the 3rd quarter. Weatherly Asset Management L. P. now owns 89,784 shares of the credit services provider’s stock worth $7,887,000 after acquiring an additional 2,366 shares during the last quarter. Hedge funds and other institutional investors own 80.82% of the company’s stock.

In other Paypal news, insider Gary J. Marino sold 2,017 shares of Paypal stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $91.11, for a total value of $183,768.87. Following the completion of the sale, the insider now owns 42,317 shares of the company’s stock, valued at approximately $3,855,501.87. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Daniel H. Schulman sold 30,000 shares of Paypal stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $91.49, for a total transaction of $2,744,700.00. Following the completion of the sale, the insider now directly owns 304,826 shares of the company’s stock, valued at approximately $27,888,530.74. The disclosure for this sale can be found here. In the last ninety days, insiders sold 197,753 shares of company stock valued at $17,128,835. 0.20% of the stock is currently owned by insiders.

NASDAQ:PYPL opened at $94.01 on Thursday. Paypal Holdings Inc has a 12 month low of $70.22 and a 12 month high of $96.04. The company has a market capitalization of $107.78 billion, a price-to-earnings ratio of 52.52, a P/E/G ratio of 2.35 and a beta of 1.00.

Paypal (NASDAQ:PYPL) last posted its earnings results on Wednesday, January 30th. The credit services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. Paypal had a net margin of 13.31% and a return on equity of 14.67%. The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.23 billion. During the same quarter in the previous year, the firm posted $0.55 EPS. The firm’s revenue was up 13.0% on a year-over-year basis. On average, equities analysts expect that Paypal Holdings Inc will post 2.14 earnings per share for the current year.

PYPL has been the subject of a number of recent analyst reports. BMO Capital Markets boosted their price objective on shares of Paypal from $112.00 to $119.00 and gave the stock an “outperform” rating in a report on Friday, October 19th. BTIG Research upgraded shares of Paypal from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $81.00 to $95.00 in a report on Friday, October 19th. Stifel Nicolaus boosted their price objective on shares of Paypal to $108.00 and gave the stock a “buy” rating in a report on Friday, October 19th. Craig Hallum restated a “buy” rating on shares of Paypal in a report on Friday, October 19th. Finally, Barclays restated an “overweight” rating and issued a $115.00 price objective (up from $110.00) on shares of Paypal in a report on Monday, January 7th. Ten equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $96.93.

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Paypal Company Profile

PayPal Holdings, Inc engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. It manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions.

Further Reading: Technical Analysis of Stocks and What It Means

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).

Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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