Cornerstone Capital Management Holdings LLC. lifted its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 43.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 472,265 shares of the credit services provider’s stock after buying an additional 143,062 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in Paypal were worth $34,767,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. San Francisco Sentry Investment Group CA increased its holdings in Paypal by 352.8% in 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 purchasing an additional 1,217 shares during the last quarter. Arcadia Investment Management Corp MI increased its holdings in Paypal by 230.4% in 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 purchasing an additional 1,000 shares during the last quarter. Truewealth LLC acquired a new stake in Paypal in the 4th quarter valued at approximately $106,000. Front Row Advisors LLC acquired a new stake in Paypal in the 4th quarter valued at approximately $111,000. Finally, Risk Paradigm Group LLC increased its holdings in Paypal by 282.5% in the 4th quarter. Risk Paradigm Group LLC now owns 1,530 shares of the credit services provider’s stock valued at $113,000 after purchasing an additional 1,130 shares during the last quarter. Institutional investors and hedge funds own 80.58% of the company’s stock.
In related 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 sale, the vice president now directly owns 18,480 shares of the company’s stock, valued at $1,438,483.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Daniel H. Schulman sold 26,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $80.66, for a total transaction of $2,097,160.00. Following the completion of the sale, the insider now directly owns 268,189 shares of the company’s stock, valued at $21,632,124.74. The disclosure for this sale can be found here. Over the last three months, insiders sold 196,413 shares of company stock valued at $15,348,028. 6.00% of the stock is owned by corporate insiders.
Shares of Paypal Holdings Inc (NASDAQ:PYPL) opened at $80.20 on Wednesday. The stock has a market cap of $96,732.90, a price-to-earnings ratio of 54.56, a PEG ratio of 2.66 and a beta of 1.25. Paypal Holdings Inc has a 1 year low of $41.74 and a 1 year high of $86.32.
Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The business had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.64 billion. Paypal had a net margin of 13.71% and a return on equity of 11.59%. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 EPS. analysts predict that Paypal Holdings Inc will post 1.73 EPS for the current year.
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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