Sigma Planning Corp grew its holdings in Paypal Holdings Inc (NASDAQ:PYPL) by 18.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,716 shares of the credit services provider’s stock after acquiring an additional 4,830 shares during the period. Sigma Planning Corp’s holdings in Paypal were worth $3,293,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rhumbline Advisers increased its stake in shares of Paypal by 4.5% in the first quarter. Rhumbline Advisers now owns 2,061,850 shares of the credit services provider’s stock worth $214,103,000 after purchasing an additional 88,831 shares in the last quarter. HL Financial Services LLC increased its stake in shares of Paypal by 22.3% in the first quarter. HL Financial Services LLC now owns 8,171 shares of the credit services provider’s stock worth $848,000 after purchasing an additional 1,490 shares in the last quarter. Montag A & Associates Inc. increased its stake in shares of Paypal by 609.7% in the first quarter. Montag A & Associates Inc. now owns 38,168 shares of the credit services provider’s stock worth $3,963,000 after purchasing an additional 32,790 shares in the last quarter. Convergence Investment Partners LLC purchased a new stake in shares of Paypal in the first quarter worth $2,154,000. Finally, Parallel Advisors LLC increased its stake in shares of Paypal by 2.6% in the first quarter. Parallel Advisors LLC now owns 36,708 shares of the credit services provider’s stock worth $3,812,000 after purchasing an additional 929 shares in the last quarter. Institutional investors and hedge funds own 81.68% of the company’s stock.
A number of brokerages have recently issued reports on PYPL. BidaskClub raised shares of Paypal from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 17th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Paypal in a research note on Wednesday, May 1st. KeyCorp raised their target price on shares of Paypal from $115.00 to $118.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. Oppenheimer raised their target price on shares of Paypal from $100.00 to $116.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Finally, Nomura raised their target price on shares of Paypal from $110.00 to $112.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Ten analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $107.68.
Paypal (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, April 24th. The credit services provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. Paypal had a net margin of 13.92% and a return on equity of 15.50%. The business had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.13 billion. During the same period last year, the company posted $0.57 EPS. The business’s revenue was up 12.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Paypal Holdings Inc will post 2.24 earnings per share for the current fiscal year.
In other news, EVP Jonathan Auerbach sold 8,730 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $113.80, for a total value of $993,474.00. Following the completion of the sale, the executive vice president now owns 120,470 shares in the company, valued at approximately $13,709,486. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John D. Rainey sold 13,925 shares of the firm’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 completion of the sale, the chief financial officer now owns 121,770 shares of the company’s stock, valued at approximately $13,240,052.10. The disclosure for this sale can be found here. Insiders sold a total of 323,844 shares of company stock valued at $33,363,756 over the last three months. Corporate insiders own 0.15% of the company’s stock.
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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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