Teachers Advisors LLC increased its position in Paypal Holdings Inc (NASDAQ:PYPL) by 10.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,308,688 shares of the credit services provider’s stock after acquiring an additional 321,039 shares during the period. Teachers Advisors LLC owned approximately 0.28% of Paypal worth $243,586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Arcadia Investment Management Corp MI grew its position in shares of Paypal by 230.4% during the 4th quarter. Arcadia Investment Management Corp MI now owns 1,434 shares of the credit services provider’s stock valued at $106,000 after acquiring an additional 1,000 shares during the period. Truewealth LLC acquired a new stake in shares of Paypal during the 4th quarter valued at about $106,000. Front Row Advisors LLC acquired a new stake in shares of Paypal during the 4th quarter valued at about $111,000. Risk Paradigm Group LLC grew its position in shares of Paypal by 282.5% during the 4th quarter. Risk Paradigm Group LLC now owns 1,530 shares of the credit services provider’s stock valued at $113,000 after acquiring an additional 1,130 shares during the period. Finally, San Francisco Sentry Investment Group CA grew its position in shares of Paypal by 352.8% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock valued at $100,000 after acquiring an additional 1,217 shares during the period. Institutional investors own 80.58% of the company’s stock.
Paypal Holdings Inc (NASDAQ PYPL) opened at $80.94 on Monday. The company has a market cap of $96,860.00 and a price-to-earnings ratio of 49.82. Paypal Holdings Inc has a 12 month low of $41.74 and a 12 month high of $86.32.
PYPL has been the topic of several research analyst reports. BidaskClub cut Paypal from a “strong-buy” rating to a “buy” rating in a report on Monday, December 25th. Goldman Sachs Group reiterated a “buy” rating and issued a $90.00 price objective (up from $80.00) on shares of Paypal in a report on Thursday, December 21st. Deutsche Bank lifted their price objective on Paypal to $88.00 and gave the stock a “buy” rating in a report on Friday, November 17th. Zacks Investment Research cut Paypal from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $85.00 price objective (up from $74.00) on shares of Paypal in a report on Friday, November 17th. Nine equities research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has assigned a strong buy rating to the company. Paypal currently has a consensus rating of “Buy” and a consensus price target of $76.97.
In other Paypal news, VP Aaron Anderson sold 9,367 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $77.84, for a total value of $729,127.28. Following the completion of the transaction, the vice president now owns 18,480 shares in the company, valued at $1,438,483.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Aaron Karczmer sold 5,674 shares of the business’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $77.51, for a total transaction of $439,791.74. Following the completion of the transaction, the executive vice president now owns 23,909 shares of the company’s stock, valued at approximately $1,853,186.59. The disclosure for this sale can be found here. In the last 90 days, insiders sold 196,413 shares of company stock valued at $15,348,028. Insiders own 6.00% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This piece was first posted by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was illegally stolen and republished in violation of international trademark & copyright laws. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2018/03/12/paypal-holdings-inc-pypl-shares-bought-by-teachers-advisors-llc.html.
Paypal Company Profile
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.
Receive News & Ratings for Paypal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paypal and related companies with MarketBeat.com's FREE daily email newsletter.