F&V Capital Management LLC Has $6.84 Million Position in Paypal Holdings Inc (PYPL)

F&V Capital Management LLC cut its holdings in Paypal Holdings Inc (NASDAQ:PYPL) by 13.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,970 shares of the credit services provider’s stock after selling 14,320 shares during the period. Paypal accounts for 3.6% of F&V Capital Management LLC’s holdings, making the stock its 10th biggest holding. F&V Capital Management LLC’s holdings in Paypal were worth $6,844,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. increased its stake in Paypal by 41.0% in the 2nd quarter. Victory Capital Management Inc. now owns 588,393 shares of the credit services provider’s stock worth $31,579,000 after acquiring an additional 171,121 shares during the last quarter. Aviva PLC increased its stake in Paypal by 4.8% in the 2nd quarter. Aviva PLC now owns 935,079 shares of the credit services provider’s stock worth $50,195,000 after acquiring an additional 42,886 shares during the last quarter. Thompson Investment Management Inc. increased its stake in Paypal by 11.8% in the 2nd quarter. Thompson Investment Management Inc. now owns 90,390 shares of the credit services provider’s stock worth $4,852,000 after acquiring an additional 9,523 shares during the last quarter. Sitrin Capital Management LLC increased its stake in Paypal by 1.9% in the 2nd quarter. Sitrin Capital Management LLC now owns 102,019 shares of the credit services provider’s stock worth $5,475,000 after acquiring an additional 1,913 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in Paypal by 100.7% in the 2nd quarter. American Century Companies Inc. now owns 8,080,639 shares of the credit services provider’s stock worth $433,688,000 after acquiring an additional 4,054,993 shares during the last quarter. 80.73% of the stock is currently owned by institutional investors.

PYPL has been the topic of a number of research reports. Credit Suisse Group reaffirmed an “outperform” rating and issued a $85.00 price objective (up previously from $74.00) on shares of Paypal in a research note on Friday, November 17th. Barclays lifted their price objective on Paypal from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, October 20th. Citigroup reaffirmed a “buy” rating and issued a $87.00 price objective on shares of Paypal in a research note on Friday, November 17th. Zacks Investment Research downgraded Paypal from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, Argus boosted their target price on Paypal from $80.00 to $87.00 and gave the company a “buy” rating in a research report on Friday, November 17th. Ten equities research analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $75.47.

Paypal Holdings Inc (NASDAQ PYPL) opened at $79.19 on Wednesday. The firm has a market capitalization of $94,300.00 and a PE ratio of 61.87. Paypal Holdings Inc has a 1-year low of $39.02 and a 1-year high of $80.39.

Paypal (NASDAQ:PYPL) last posted its earnings results on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.43 by $0.03. The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.18 billion. Paypal had a return on equity of 11.33% and a net margin of 12.69%. Paypal’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period last year, the company earned $0.35 earnings per share. research analysts anticipate that Paypal Holdings Inc will post 1.37 EPS for the current fiscal year.

In related news, Director Rodney C. Adkins bought 6,750 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were purchased at an average cost of $74.04 per share, with a total value of $499,770.00. Following the completion of the acquisition, the director now directly owns 10,149 shares in the company, valued at $751,431.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.00% of the stock is owned by company insiders.

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About Paypal

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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