Abner Herrman & Brock LLC grew its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 258,553 shares of the credit services provider’s stock after acquiring an additional 2,560 shares during the period. Paypal comprises about 3.2% of Abner Herrman & Brock LLC’s investment portfolio, making the stock its 7th biggest holding. Abner Herrman & Brock LLC’s holdings in Paypal were worth $19,035,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. Gamco Investors INC. ET AL boosted its stake in Paypal by 8.6% in the second quarter. Gamco Investors INC. ET AL now owns 488,501 shares of the credit services provider’s stock valued at $26,218,000 after acquiring an additional 38,660 shares during the period. Ballentine Partners LLC acquired a new position in Paypal in the second quarter valued at approximately $463,000. Beacon Investment Advisory Services Inc. acquired a new position in Paypal in the second quarter valued at approximately $282,000. First Personal Financial Services boosted its stake in Paypal by 8.7% in the second quarter. First Personal Financial Services now owns 3,797 shares of the credit services provider’s stock valued at $204,000 after acquiring an additional 303 shares during the period. Finally, Douglass Winthrop Advisors LLC boosted its stake in Paypal by 12.5% in the second quarter. Douglass Winthrop Advisors LLC now owns 21,225 shares of the credit services provider’s stock valued at $1,139,000 after acquiring an additional 2,350 shares during the period. Institutional investors own 80.73% of the company’s stock.
Shares of Paypal Holdings Inc (PYPL) traded up $2.06 during trading hours on Friday, reaching $78.79. The company had a trading volume of 4,430,754 shares, compared to its average volume of 9,210,000. Paypal Holdings Inc has a 1 year low of $39.02 and a 1 year high of $79.39. The company has a market capitalization of $94,650.00 and a PE ratio of 61.55.
Paypal (NASDAQ:PYPL) last announced its earnings results on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. Paypal had a return on equity of 11.33% and a net margin of 12.69%. The firm had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.18 billion. During the same quarter in the previous year, the company earned $0.35 earnings per share. The firm’s quarterly revenue was up 21.4% compared to the same quarter last year. analysts anticipate that Paypal Holdings Inc will post 1.37 EPS for the current year.
PYPL has been the subject of a number of research reports. Bank of America restated a “buy” rating and issued a $78.00 target price (up from $71.00) on shares of Paypal in a research note on Friday, October 6th. Guggenheim restated a “buy” rating and issued a $72.00 target price (up from $67.00) on shares of Paypal in a research note on Thursday, October 5th. Deutsche Bank restated a “buy” rating and issued a $77.00 target price (up from $64.00) on shares of Paypal in a research note on Tuesday, October 3rd. Citigroup lifted their target price on Paypal to $77.00 and gave the company a “buy” rating in a research note on Tuesday, October 3rd. Finally, Buckingham Research initiated coverage on Paypal in a research note on Monday, October 2nd. They issued a “buy” rating and a $74.00 target price for the company. Ten analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $74.65.
In other news, Director Rodney C. Adkins bought 6,750 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were purchased at an average price of $74.04 per share, with a total value of $499,770.00. Following the completion of the acquisition, the director now directly owns 10,149 shares in the company, valued at $751,431.96. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.00% of the stock is owned by insiders.
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.
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