Wealthfront Inc. raised its holdings in Paypal Holdings Inc (NASDAQ:PYPL) by 9.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 53,821 shares of the credit services provider’s stock after purchasing an additional 4,741 shares during the quarter. Wealthfront Inc.’s holdings in Paypal were worth $3,962,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of PYPL. San Francisco Sentry Investment Group CA increased its stake in shares of Paypal by 352.8% in 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 buying an additional 1,217 shares during the period. Arcadia Investment Management Corp MI increased its stake in shares of Paypal by 230.4% in 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 buying an additional 1,000 shares during the period. Front Row Advisors LLC acquired a new stake in shares of Paypal in the 4th quarter valued at $111,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Paypal in the 3rd quarter valued at $113,000. Finally, D Orazio & Associates Inc. increased its stake in shares of Paypal by 142.9% in the 4th quarter. D Orazio & Associates Inc. now owns 1,700 shares of the credit services provider’s stock valued at $125,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 80.58% of the company’s stock.

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A number of brokerages recently commented on PYPL. Nomura lifted their price objective on Paypal to $97.00 and gave the stock a “buy” rating in a research note on Thursday. BTIG Research cut Paypal from a “buy” rating to a “neutral” rating in a research note on Thursday, February 1st. Cantor Fitzgerald reaffirmed a “buy” rating and set a $85.00 price objective on shares of Paypal in a research note on Thursday, February 1st. Mizuho reaffirmed a “hold” rating and set a $70.00 price objective on shares of Paypal in a research note on Thursday, February 1st. Finally, Jefferies Group reiterated an “outperform” rating on shares of Paypal in a report on Monday, November 20th. Nine analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Paypal presently has an average rating of “Buy” and a consensus target price of $77.33.

Shares of Paypal Holdings Inc (NASDAQ PYPL) opened at $82.57 on Friday. Paypal Holdings Inc has a twelve month low of $42.06 and a twelve month high of $86.32. The stock has a market capitalization of $99,100.00 and a PE ratio of 50.97.

Paypal (NASDAQ:PYPL) last released its earnings results on Wednesday, January 31st. The credit services provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.03. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.64 billion. Paypal had a return on equity of 11.59% and a net margin of 13.71%. Paypal’s revenue was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.42 earnings per share. equities analysts expect that Paypal Holdings Inc will post 1.73 earnings per share for the current fiscal year.

In other Paypal news, VP Aaron Anderson sold 9,367 shares of the business’s 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 of the company’s stock, valued at $1,438,483.20. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Adele Louise Pentland sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was 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 approximately $3,596,574.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 196,413 shares of company stock worth $15,348,028. Company insiders own 6.00% of the company’s stock.

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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.

Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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