Paypal Holdings Inc (PYPL) Position Lifted by Partner Fund Management L.P.

Partner Fund Management L.P. increased its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 83.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 953,584 shares of the credit services provider’s stock after acquiring an additional 434,680 shares during the quarter. Paypal makes up approximately 2.1% of Partner Fund Management L.P.’s holdings, making the stock its 15th biggest holding. Partner Fund Management L.P. owned approximately 0.08% of Paypal worth $80,187,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Truehand Inc bought a new stake in shares of Paypal in the 4th quarter worth about $25,000. Bruderman Asset Management LLC bought a new stake in shares of Paypal during the 4th quarter valued at about $27,000. Karp Capital Management Corp bought a new stake in shares of Paypal during the 4th quarter valued at about $37,000. Virtus ETF Advisers LLC grew its position in shares of Paypal by 33.7% during the 4th quarter. Virtus ETF Advisers LLC now owns 448 shares of the credit services provider’s stock valued at $38,000 after buying an additional 113 shares during the last quarter. Finally, WESPAC Advisors SoCal LLC grew its position in shares of Paypal by 116.0% during the 4th quarter. WESPAC Advisors SoCal LLC now owns 486 shares of the credit services provider’s stock valued at $41,000 after buying an additional 261 shares during the last quarter. Institutional investors own 81.34% of the company’s stock.

Shares of PYPL stock traded down $1.45 during trading hours on Friday, reaching $107.36. 10,220,713 shares of the stock traded hands, compared to its average volume of 6,312,107. Paypal Holdings Inc has a 1-year low of $70.22 and a 1-year high of $109.00. The firm has a market capitalization of $125.85 billion, a P/E ratio of 59.98, a P/E/G ratio of 2.81 and a beta of 1.03.

Paypal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, January 30th. The credit services provider reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.02. Paypal had a net margin of 13.31% and a return on equity of 14.67%. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.23 billion. During the same quarter in the previous year, the business earned $0.55 earnings per share. The firm’s revenue was up 13.0% compared to the same quarter last year. Equities research analysts predict that Paypal Holdings Inc will post 2.15 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on PYPL shares. Zacks Investment Research downgraded shares of Paypal from a “buy” rating to a “hold” rating in a research report on Monday, December 31st. Barclays reissued an “overweight” rating and set a $115.00 target price (up from $110.00) on shares of Paypal in a research note on Monday, January 7th. BidaskClub raised shares of Paypal from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 29th. Oppenheimer boosted their target price on shares of Paypal from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, January 31st. Finally, Craig Hallum reissued a “buy” rating and set a $110.00 target price (up from $100.00) on shares of Paypal in a research note on Thursday, January 31st. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Paypal currently has a consensus rating of “Buy” and a consensus target price of $101.63.

In other Paypal news, COO William J. Ready sold 62,296 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $97.07, for a total value of $6,047,072.72. Following the transaction, the chief operating officer now owns 177,330 shares in the company, valued at approximately $17,213,423.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO William J. Ready sold 29,686 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $89.33, for a total transaction of $2,651,850.38. Following the completion of the transaction, the chief operating officer now owns 66,558 shares in the company, valued at approximately $5,945,626.14. The disclosure for this sale can be found here. Insiders have sold 280,295 shares of company stock worth $26,469,952 in the last 90 days. 0.20% of the stock is owned by company insiders.

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About Paypal

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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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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