New Mexico Educational Retirement Board Purchases 4,800 Shares of Paypal Holdings Inc (PYPL)

New Mexico Educational Retirement Board boosted its position in Paypal Holdings Inc (NASDAQ:PYPL) by 4.6% during the 4th quarter, Holdings Channel reports. The fund owned 108,648 shares of the credit services provider’s stock after buying an additional 4,800 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Paypal were worth $7,999,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Arcadia Investment Management Corp MI lifted its stake in Paypal by 230.4% in the fourth quarter. Arcadia Investment Management Corp MI now owns 1,434 shares of the credit services provider’s stock valued at $106,000 after buying an additional 1,000 shares during the period. Front Row Advisors LLC acquired a new stake in shares of Paypal during the fourth quarter worth about $111,000. San Francisco Sentry Investment Group CA raised its position in shares of Paypal by 352.8% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock worth $100,000 after purchasing an additional 1,217 shares during the period. D Orazio & Associates Inc. raised its position in shares of Paypal by 142.9% during the fourth quarter. D Orazio & Associates Inc. now owns 1,700 shares of the credit services provider’s stock worth $125,000 after purchasing an additional 1,000 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Paypal during the third quarter worth about $113,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Paypal Holdings Inc (NASDAQ PYPL) opened at $78.29 on Friday. Paypal Holdings Inc has a one year low of $41.70 and a one year high of $86.32. The company has a market capitalization of $92,736.36, a P/E ratio of 53.26, a PEG ratio of 2.47 and a beta of 1.18.

Paypal (NASDAQ:PYPL) last issued its earnings results on Wednesday, January 31st. The credit services provider reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. Paypal had a return on equity of 11.59% and a net margin of 13.71%. The company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the previous year, the company posted $0.42 EPS. The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. equities analysts expect that Paypal Holdings Inc will post 1.75 EPS for the current year.

In other news, VP Aaron Anderson sold 9,367 shares of Paypal stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $77.84, for a total transaction of $729,127.28. Following the completion of the transaction, the vice president now directly owns 18,480 shares in the company, valued at approximately $1,438,483.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rodney C. Adkins bought 6,750 shares of Paypal stock in a transaction dated Friday, December 8th. The shares were acquired at an average price of $74.04 per share, with a total value of $499,770.00. Following the completion of the purchase, the director now directly owns 10,149 shares in the company, valued at approximately $751,431.96. The disclosure for this purchase can be found here. Insiders have sold a total of 126,344 shares of company stock valued at $9,818,481 over the last quarter. 6.00% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently commented on the company. BidaskClub raised Paypal from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 10th. Stifel Nicolaus raised their price target on Paypal from $61.00 to $70.00 and gave the stock a “hold” rating in a research report on Sunday, October 22nd. Zacks Investment Research raised Paypal from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research report on Thursday, October 26th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $79.00 price target on shares of Paypal in a research report on Friday, October 20th. Finally, Vetr lowered Paypal from a “buy” rating to a “hold” rating and set a $70.85 price target on the stock. in a research report on Monday, October 23rd. Nine investment analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $76.97.

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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.

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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