Hosking Partners LLP cut its position in Paypal Holdings Inc (NASDAQ:PYPL) by 0.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,200,992 shares of the credit services provider’s stock after selling 6,185 shares during the quarter. Paypal comprises approximately 3.2% of Hosking Partners LLP’s holdings, making the stock its 6th biggest position. Hosking Partners LLP owned approximately 0.10% of Paypal worth $124,711,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Truehand Inc acquired a new stake in Paypal during the 4th quarter valued at $25,000. Bruderman Asset Management LLC bought a new position in Paypal in the fourth quarter valued at about $27,000. Semmax Financial Advisors Inc. grew its position in Paypal by 630.2% in the first quarter. Semmax Financial Advisors Inc. now owns 314 shares of the credit services provider’s stock valued at $33,000 after acquiring an additional 271 shares during the last quarter. Karp Capital Management Corp bought a new position in Paypal in the fourth quarter valued at about $37,000. Finally, Virtus ETF Advisers LLC grew its position in Paypal by 33.7% in the fourth quarter. Virtus ETF Advisers LLC now owns 448 shares of the credit services provider’s stock valued at $38,000 after acquiring an additional 113 shares during the last quarter. 80.87% of the stock is owned by institutional investors and hedge funds.
In related news, insider Daniel H. Schulman sold 30,000 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $111.09, for a total transaction of $3,332,700.00. Following the completion of the transaction, the insider now directly owns 523,821 shares of the company’s stock, valued at $58,191,274.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John D. Rainey sold 13,925 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $108.73, for a total transaction of $1,514,065.25. Following the transaction, the chief financial officer now owns 121,770 shares in the company, valued at $13,240,052.10. The disclosure for this sale can be found here. Insiders sold a total of 180,714 shares of company stock valued at $19,911,348 in the last quarter. 0.15% of the stock is owned by insiders.
Paypal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, April 24th. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.11. Paypal had a return on equity of 15.50% and a net margin of 13.92%. The company had revenue of $4.13 billion for the quarter, compared to analysts’ expectations of $4.13 billion. During the same period in the previous year, the firm posted $0.57 EPS. Paypal’s revenue was up 12.1% compared to the same quarter last year. On average, research analysts forecast that Paypal Holdings Inc will post 2.24 EPS for the current fiscal year.
PYPL has been the topic of several research reports. BidaskClub cut Paypal from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 24th. UBS Group lowered Paypal from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $101.00 to $120.00 in a research note on Wednesday, April 17th. Zacks Investment Research lowered Paypal from a “hold” rating to a “sell” rating in a research note on Tuesday, March 12th. KeyCorp lifted their price objective on Paypal from $115.00 to $118.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th. Finally, Loop Capital upped their price target on Paypal to $100.00 and gave the stock a “hold” rating in a report on Tuesday, April 16th. Ten equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $110.71.
PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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