Teachers Retirement System of The State of Kentucky trimmed its holdings in Paypal Holdings Inc (NASDAQ:PYPL) by 14.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 208,958 shares of the credit services provider’s stock after selling 35,104 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Paypal were worth $15,384,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. San Francisco Sentry Investment Group CA grew its position in Paypal by 352.8% in the third quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock worth $100,000 after acquiring an additional 1,217 shares during the period. Arcadia Investment Management Corp MI lifted its stake in Paypal by 230.4% during the fourth quarter. Arcadia Investment Management Corp MI now owns 1,434 shares of the credit services provider’s stock worth $106,000 after purchasing an additional 1,000 shares in the last quarter. Truewealth LLC acquired a new position in Paypal during the fourth quarter worth $106,000. Front Row Advisors LLC acquired a new position in Paypal during the fourth quarter worth $111,000. Finally, Risk Paradigm Group LLC lifted its stake in Paypal by 282.5% during the fourth quarter. Risk Paradigm Group LLC now owns 1,530 shares of the credit services provider’s stock worth $113,000 after purchasing an additional 1,130 shares in the last quarter. Institutional investors own 80.58% of the company’s stock.
PYPL has been the topic of a number of research reports. Credit Suisse Group restated an “outperform” rating and set a $85.00 price target (up from $74.00) on shares of Paypal in a research note on Friday, November 17th. Citigroup restated a “buy” rating and set a $87.00 price target on shares of Paypal in a research note on Friday, November 17th. Argus upped their price target on Paypal from $80.00 to $87.00 and gave the stock a “buy” rating in a research note on Friday, November 17th. Cowen upgraded Paypal from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $79.05 to $88.00 in a research note on Tuesday, January 9th. Finally, KeyCorp restated a “buy” rating and set a $90.00 price target on shares of Paypal in a research note on Friday, December 1st. Nine research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. Paypal presently has an average rating of “Buy” and an average price target of $76.97.
Paypal Holdings Inc (PYPL) opened at $80.20 on Wednesday. The company has a market capitalization of $96,732.90, a price-to-earnings ratio of 55.21, a P/E/G ratio of 2.66 and a beta of 1.25. Paypal Holdings Inc has a twelve month low of $41.74 and a twelve month high of $86.32.
Paypal (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.03. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.64 billion. Paypal had a return on equity of 11.59% and a net margin of 13.71%. The business’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 earnings per share. analysts anticipate that Paypal Holdings Inc will post 1.73 earnings per share for the current fiscal year.
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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.
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