Bp Plc Sells 65,000 Shares of Paypal Holdings Inc (PYPL)

Bp Plc lowered its holdings in Paypal Holdings Inc (NASDAQ:PYPL) by 33.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 131,000 shares of the credit services provider’s stock after selling 65,000 shares during the period. Bp Plc’s holdings in Paypal were worth $9,644,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. San Francisco Sentry Investment Group CA raised its holdings 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 valued at $100,000 after buying an additional 1,217 shares during the last quarter. Arcadia Investment Management Corp MI raised its holdings in shares of Paypal by 230.4% during 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 last quarter. Front Row Advisors LLC bought a new stake in shares of Paypal during the fourth quarter valued at approximately $111,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Paypal during the third quarter valued at approximately $113,000. Finally, Kistler Tiffany Companies LLC raised its holdings in shares of Paypal by 511.9% during the third quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock valued at $129,000 after buying an additional 1,684 shares during the last quarter. 82.46% of the stock is currently owned by hedge funds and other institutional investors.

In other Paypal news, CFO John D. Rainey sold 50,977 shares of Paypal stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $77.68, for a total transaction of $3,959,893.36. Following the transaction, the chief financial officer now directly owns 114,020 shares in the company, valued at approximately $8,857,073.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction, the vice president now owns 18,480 shares in the company, valued at $1,438,483.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 126,344 shares of company stock worth $9,818,481. Corporate insiders own 6.00% of the company’s stock.

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

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

A number of research firms have recently weighed in on PYPL. Zacks Investment Research cut Paypal from a “buy” rating to a “hold” rating in a report on Monday, February 5th. Wells Fargo & Co raised Paypal from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a report on Monday, February 5th. Vetr raised Paypal from a “hold” rating to a “buy” rating and set a $86.65 target price on the stock in a report on Thursday, February 1st. Citigroup reissued a “buy” rating and set a $90.00 target price on shares of Paypal in a report on Thursday, February 1st. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $85.00 target price on shares of Paypal in a report on Thursday, February 1st. Nine equities research analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $77.04.

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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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