Buckley Wealth Management LLC Takes $867,000 Position in Paypal Holdings Inc (PYPL)
Buckley Wealth Management LLC purchased a new position in shares of Paypal Holdings Inc (NASDAQ:PYPL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 11,770 shares of the credit services provider’s stock, valued at approximately $867,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI grew its holdings in shares of 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 buying an additional 1,000 shares during the last quarter. Front Row Advisors LLC purchased a new position in shares of Paypal during the fourth quarter worth about $111,000. San Francisco Sentry Investment Group CA grew its holdings in shares of Paypal by 352.8% during 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 buying an additional 1,217 shares during the last quarter. D Orazio & Associates Inc. grew its holdings in shares of Paypal by 142.9% during the fourth quarter. D Orazio & Associates Inc. now owns 1,700 shares of the credit services provider’s stock worth $125,000 after buying an additional 1,000 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Paypal during the third quarter worth about $113,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently issued reports on PYPL shares. Credit Suisse Group reissued an “outperform” rating and set a $85.00 price target (up previously from $74.00) on shares of Paypal in a report on Friday, November 17th. Barclays raised their price target on Paypal from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, October 20th. Citigroup reaffirmed a “buy” rating and issued a $87.00 price objective on shares of Paypal in a report on Friday, November 17th. Zacks Investment Research lowered Paypal from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Finally, Argus lifted their price objective on Paypal from $80.00 to $87.00 and gave the company a “buy” rating in a report on Friday, November 17th. Nine investment analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $77.04.
Paypal (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.64 billion. Paypal had a return on equity of 11.59% and a net margin of 13.71%. Paypal’s revenue was up 25.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.42 EPS. research analysts expect that Paypal Holdings Inc will post 1.75 EPS for the current year.
In other news, CFO John D. Rainey sold 50,977 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $77.68, for a total transaction of $3,959,893.36. Following the completion of the sale, the chief financial officer now directly owns 114,020 shares in the company, valued at approximately $8,857,073.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Rodney C. Adkins acquired 6,750 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were purchased at an average price of $74.04 per share, with a total value of $499,770.00. Following the completion of the acquisition, the director now owns 10,149 shares in the company, valued at $751,431.96. The disclosure for this purchase can be found here. Insiders sold a total of 126,344 shares of company stock valued at $9,818,481 over the last quarter. 6.00% of the stock is currently owned by insiders.
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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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