Captrust Financial Advisors bought a new stake in Paypal Holdings Inc (NASDAQ:PYPL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 17,595 shares of the credit services provider’s stock, valued at approximately $1,295,000.
Other large investors have also recently modified their holdings of the company. AXA lifted its position in Paypal by 68.4% during the third quarter. AXA now owns 382,248 shares of the credit services provider’s stock worth $24,475,000 after acquiring an additional 155,268 shares during the last quarter. Rhumbline Advisers raised its position in shares of Paypal by 1.2% in the third quarter. Rhumbline Advisers now owns 1,871,868 shares of the credit services provider’s stock valued at $119,856,000 after buying an additional 21,337 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of Paypal by 19.9% in the third quarter. Teacher Retirement System of Texas now owns 661,322 shares of the credit services provider’s stock valued at $42,344,000 after buying an additional 109,681 shares in the last quarter. Grassi Investment Management raised its position in shares of Paypal by 54.5% in the fourth quarter. Grassi Investment Management now owns 4,943 shares of the credit services provider’s stock valued at $364,000 after buying an additional 1,743 shares in the last quarter. Finally, Crestline Management LP acquired a new stake in shares of Paypal in the third quarter valued at approximately $2,304,000. Institutional investors and hedge funds own 80.58% of the company’s stock.
Shares of Paypal Holdings Inc (NASDAQ PYPL) opened at $80.20 on Wednesday. The firm has a market cap of $96,120.00 and a price-to-earnings ratio of 49.51. Paypal Holdings Inc has a one year low of $41.74 and a one year high of $86.32.
In related news, CAO Aaron Anderson sold 3,843 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $77.98, for a total value of $299,677.14. Following the sale, the chief accounting officer now owns 17,561 shares of the company’s stock, valued at $1,369,406.78. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director David M. Moffett sold 3,808 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $77.86, for a total transaction of $296,490.88. Following the completion of the sale, the director now directly owns 66,320 shares in the company, valued at approximately $5,163,675.20. The disclosure for this sale can be found here. In the last three months, insiders sold 196,413 shares of company stock worth $15,348,028. 6.00% of the stock is currently owned by insiders.
A number of equities research analysts have recently weighed in on the stock. BTIG Research downgraded shares of Paypal from a “buy” rating to a “neutral” rating in a research report on Thursday, February 1st. Cantor Fitzgerald reiterated a “buy” rating and issued a $85.00 price target on shares of Paypal in a research report on Thursday, February 1st. Mizuho reiterated a “hold” rating and issued a $70.00 price target on shares of Paypal in a research report on Thursday, February 1st. Jefferies Group reiterated an “outperform” rating on shares of Paypal in a research report on Monday, November 20th. Finally, Stifel Nicolaus lifted their price target on shares of Paypal from $77.00 to $79.00 and gave the company a “hold” rating in a research report on Thursday, February 1st. Nine research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $76.97.
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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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