Cullinan Associates Inc. boosted its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 2.4% during the 4th quarter, Holdings Channel reports. The firm owned 97,600 shares of the credit services provider’s stock after purchasing an additional 2,262 shares during the quarter. Cullinan Associates Inc.’s holdings in Paypal were worth $8,207,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of PYPL. Cornerstone Advisors Inc. increased its holdings in Paypal by 66.5% during the 3rd quarter. Cornerstone Advisors Inc. now owns 601 shares of the credit services provider’s stock worth $53,000 after purchasing an additional 240 shares during the last quarter. Whitener Capital Management Inc. purchased a new stake in Paypal during the 3rd quarter worth approximately $102,000. Acropolis Investment Management LLC acquired a new position in shares of Paypal in the 4th quarter worth approximately $106,000. Lucia Wealth Services LLC acquired a new position in shares of Paypal in the 3rd quarter worth approximately $115,000. Finally, Moody National Bank Trust Division grew its position in shares of Paypal by 107.5% in the 4th quarter. Moody National Bank Trust Division now owns 1,473 shares of the credit services provider’s stock worth $124,000 after acquiring an additional 763 shares in the last quarter. Institutional investors own 79.14% of the company’s stock.

NASDAQ:PYPL traded down $0.10 during midday trading on Friday, reaching $90.60. 319,103 shares of the company traded hands, compared to its average volume of 8,606,185. Paypal Holdings Inc has a twelve month low of $70.22 and a twelve month high of $93.70. The firm has a market capitalization of $105.52 billion, a P/E ratio of 65.09, a P/E/G ratio of 2.20 and a beta of 1.06.

Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Thursday, October 18th. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.04. Paypal had a return on equity of 13.60% and a net margin of 13.98%. The business had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.66 billion. During the same quarter in the previous year, the firm posted $0.46 EPS. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Paypal Holdings Inc will post 1.79 EPS for the current fiscal year.

Several research analysts have recently commented on PYPL shares. BidaskClub lowered Paypal from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 18th. Zacks Investment Research lowered Paypal from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. SunTrust Banks decreased their target price on Paypal to $88.00 and set a “hold” rating for the company in a research report on Friday, October 19th. Nomura decreased their target price on Paypal from $120.00 to $103.00 and set a “buy” rating for the company in a research report on Thursday, October 11th. Finally, Craig Hallum reiterated a “buy” rating on shares of Paypal in a research report on Friday, October 19th. Eight research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $95.49.

In other Paypal news, insider Gary J. Marino sold 61,332 shares of Paypal stock in a transaction on Friday, October 26th. The stock was sold at an average price of $83.84, for a total transaction of $5,142,074.88. Following the sale, the insider now owns 87,512 shares of the company’s stock, valued at approximately $7,337,006.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Daniel H. Schulman sold 22,764 shares of Paypal stock in a transaction on Friday, December 27th. The shares were sold at an average price of $81.41, for a total value of $1,853,217.24. Following the sale, the chief executive officer now directly owns 312,590 shares in the company, valued at approximately $25,447,951.90. The disclosure for this sale can be found here. Insiders have sold a total of 427,750 shares of company stock valued at $35,635,027 in the last 90 days. Insiders own 0.20% of the company’s stock.

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About Paypal

PayPal Holdings, Inc operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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