AE Wealth Management LLC grew its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 41.0% during the fourth quarter, HoldingsChannel reports. The firm owned 5,204 shares of the credit services provider’s stock after purchasing an additional 1,512 shares during the quarter. AE Wealth Management LLC’s holdings in Paypal were worth $383,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in PYPL. Jennison Associates LLC boosted its stake in shares of Paypal by 117.3% during the 4th quarter. Jennison Associates LLC now owns 16,354,298 shares of the credit services provider’s stock valued at $1,204,003,000 after purchasing an additional 8,827,558 shares in the last quarter. Harding Loevner LP boosted its stake in Paypal by 86.1% during the third quarter. Harding Loevner LP now owns 11,353,818 shares of the credit services provider’s stock worth $381,030,000 after acquiring an additional 5,253,746 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in Paypal by 171.4% during the third quarter. Amundi Pioneer Asset Management Inc. now owns 4,877,006 shares of the credit services provider’s stock worth $312,274,000 after acquiring an additional 3,080,163 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Paypal by 25.6% during the third quarter. Bank of New York Mellon Corp now owns 10,973,668 shares of the credit services provider’s stock worth $702,644,000 after acquiring an additional 2,234,157 shares in the last quarter. Finally, Swedbank bought a new stake in Paypal during the third quarter worth about $112,201,000. 82.46% of the stock is currently owned by hedge funds and other institutional investors.

Paypal Holdings Inc (NASDAQ PYPL) opened at $74.75 on Friday. Paypal Holdings Inc has a twelve month low of $40.30 and a twelve month high of $86.32. The firm has a market cap of $92,860.00 and a P/E ratio of 50.85.

Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $0.55 earnings per share for the quarter, beating the 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 firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same period in the previous year, the company earned $0.42 earnings per share. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. analysts anticipate that Paypal Holdings Inc will post 1.75 EPS for the current fiscal year.

Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Paypal from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. Wells Fargo & Co raised shares of Paypal from a “market perform” rating to an “outperform” rating and set a $70.00 price objective on the stock in a research note on Monday, February 5th. Vetr raised shares of Paypal from a “hold” rating to a “buy” rating and set a $86.65 price objective on the stock in a research note on Thursday, February 1st. Citigroup reissued a “buy” rating and set a $90.00 price objective on shares of Paypal in a research note on Thursday, February 1st. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $85.00 price objective on shares of Paypal in a research note on Thursday, February 1st. Nine investment analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the stock. Paypal presently has an average rating of “Buy” and a consensus target price of $77.04.

In other news, EVP Adele Louise Pentland sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $78.11, for a total transaction of $468,660.00. Following the completion of the transaction, the executive vice president now directly owns 46,045 shares of the company’s stock, valued at $3,596,574.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Aaron Anderson sold 9,367 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $77.84, for a total transaction of $729,127.28. Following the transaction, the vice president now directly owns 18,480 shares of the company’s stock, valued at $1,438,483.20. The disclosure for this sale can be found here. Insiders have sold 126,344 shares of company stock valued at $9,818,481 over the last three months. 6.00% of the stock is owned by corporate insiders.

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About Paypal

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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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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