KMG Fiduciary Partners LLC Has $630,000 Stake in Paypal Holdings Inc (PYPL)

KMG Fiduciary Partners LLC grew its stake in Paypal Holdings Inc (NASDAQ:PYPL) by 97.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,064 shares of the credit services provider’s stock after purchasing an additional 2,998 shares during the period. KMG Fiduciary Partners LLC’s holdings in Paypal were worth $630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc grew its position in Paypal by 3.7% in the third quarter. Vanguard Group Inc now owns 86,484,524 shares of the credit services provider’s stock worth $7,596,801,000 after acquiring an additional 3,056,620 shares during the period. BlackRock Inc. grew its position in Paypal by 1.9% in the fourth quarter. BlackRock Inc. now owns 74,772,548 shares of the credit services provider’s stock worth $6,287,624,000 after acquiring an additional 1,393,628 shares during the period. Oregon Public Employees Retirement Fund grew its position in Paypal by 7,419.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 19,412,765 shares of the credit services provider’s stock worth $231,000 after acquiring an additional 19,154,611 shares during the period. Geode Capital Management LLC grew its position in Paypal by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 14,422,120 shares of the credit services provider’s stock worth $1,210,539,000 after acquiring an additional 851,398 shares during the period. Finally, Northern Trust Corp grew its position in Paypal by 2.6% in the fourth quarter. Northern Trust Corp now owns 13,371,403 shares of the credit services provider’s stock worth $1,124,402,000 after acquiring an additional 338,772 shares during the period. Institutional investors and hedge funds own 81.34% of the company’s stock.

Paypal stock opened at $107.36 on Monday. 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 price-to-earnings ratio of 59.98, a price-to-earnings-growth ratio of 2.81 and a beta of 1.03.

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

In other news, insider Daniel H. Schulman sold 30,000 shares of Paypal stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $91.49, for a total transaction of $2,744,700.00. Following the sale, the insider now owns 304,826 shares in the company, valued at $27,888,530.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO William J. Ready sold 29,686 shares of Paypal stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $89.33, for a total value of $2,651,850.38. Following the sale, 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. Over the last 90 days, insiders sold 280,295 shares of company stock worth $26,469,952. 0.20% of the stock is owned by insiders.

PYPL has been the subject of several analyst reports. Zacks Investment Research lowered Paypal from a “buy” rating to a “hold” rating in a research report on Monday, December 31st. Barclays reiterated an “overweight” rating and issued a $115.00 price objective (up from $110.00) on shares of Paypal in a research report on Monday, January 7th. BidaskClub upgraded Paypal from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 29th. Oppenheimer increased their price objective on Paypal from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, January 31st. Finally, Craig Hallum reiterated a “buy” rating and issued a $110.00 price objective (up from $100.00) on shares of Paypal in a research report on Thursday, January 31st. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $101.63.

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Paypal Company Profile

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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