QS Investors LLC trimmed its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 2.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 76,656 shares of the credit services provider’s stock after selling 1,646 shares during the period. QS Investors LLC’s holdings in Paypal were worth $5,643,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of PYPL. San Francisco Sentry Investment Group CA boosted its stake in 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 purchasing an additional 1,217 shares during the period. Arcadia Investment Management Corp MI raised 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 worth $106,000 after buying an additional 1,000 shares in the last quarter. Truewealth LLC bought a new stake in shares of Paypal during the 4th quarter worth about $106,000. Front Row Advisors LLC bought a new stake in shares of Paypal during the 4th quarter worth about $111,000. Finally, Risk Paradigm Group LLC raised 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 worth $113,000 after buying an additional 1,130 shares in the last quarter. 80.58% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Daniel H. Schulman sold 26,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 268,189 shares of the company’s stock, valued at $21,632,124.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Aaron Anderson sold 3,843 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $77.98, for a total transaction of $299,677.14. Following the transaction, the chief accounting officer now directly owns 17,561 shares in the company, valued at $1,369,406.78. The disclosure for this sale can be found here. Insiders have sold 196,413 shares of company stock worth $15,348,028 over the last ninety days. 6.00% of the stock is currently owned by insiders.
Shares of Paypal Holdings Inc (NASDAQ:PYPL) opened at $80.20 on Wednesday. Paypal Holdings Inc has a 1-year low of $41.74 and a 1-year high of $86.32. The stock has a market cap of $96,732.90, a P/E ratio of 55.21, a PEG ratio of 2.66 and a beta of 1.25.
Paypal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. Paypal had a net margin of 13.71% and a return on equity of 11.59%. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the previous year, the business earned $0.42 earnings per share. The firm’s revenue was up 25.6% compared to the same quarter last year. equities research analysts forecast that Paypal Holdings Inc will post 1.73 earnings per share for the current fiscal 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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