Bank of The West lessened its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 17.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,806 shares of the credit services provider’s stock after selling 1,870 shares during the quarter. Bank of The West’s holdings in Paypal were worth $649,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Arcadia Investment Management Corp MI boosted its position in shares of Paypal by 230.4% during the 4th quarter. Arcadia Investment Management Corp MI now owns 1,434 shares of the credit services provider’s stock valued at $106,000 after acquiring an additional 1,000 shares during the last quarter. Front Row Advisors LLC bought a new stake in shares of Paypal during the 4th quarter valued at about $111,000. San Francisco Sentry Investment Group CA boosted its position in shares of Paypal by 352.8% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock valued at $100,000 after acquiring an additional 1,217 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Paypal during the 3rd quarter valued at about $113,000. Finally, Cerebellum GP LLC bought a new stake in shares of Paypal during the 4th quarter valued at about $131,000. Hedge funds and other institutional investors own 82.46% of the company’s stock.
Paypal Holdings Inc (NASDAQ:PYPL) opened at $72.32 on Friday. The company has a market capitalization of $86,920.00 and a P/E ratio of 49.20. Paypal Holdings Inc has a 12 month low of $40.30 and a 12 month high of $86.32.
In other Paypal news, Director Rodney C. Adkins bought 6,750 shares of Paypal stock in a transaction dated 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 purchase, the director now owns 10,149 shares of the company’s stock, valued at $751,431.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Adele Louise Pentland sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $78.11, for a total value of $468,660.00. Following the transaction, the executive vice president now directly owns 46,045 shares in the company, valued at $3,596,574.95. The disclosure for this sale can be found here. Insiders sold a total of 126,344 shares of company stock worth $9,818,481 over the last ninety days. Insiders own 6.00% of the company’s stock.
A number of brokerages have recently issued reports on PYPL. BTIG Research downgraded Paypal from a “buy” rating to a “neutral” rating in a research report on Thursday, February 1st. Stifel Nicolaus lifted their price target on Paypal from $77.00 to $79.00 and gave the company a “hold” rating in a research report on Thursday, February 1st. Jefferies Group lifted their price target on Paypal from $86.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Credit Suisse Group reiterated an “outperform” rating and set a $91.00 price target (up previously from $85.00) on shares of Paypal in a research report on Wednesday, January 17th. Finally, Guggenheim reiterated a “buy” rating on shares of Paypal in a research report on Thursday, February 1st. Nine 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 stock. The company presently has a consensus rating of “Buy” and an average price target of $77.04.
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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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