Gagnon Securities LLC Takes Position in Paypal Holdings Inc (PYPL)
Gagnon Securities LLC bought a new stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,478 shares of the credit services provider’s stock, valued at approximately $223,000.
Other large investors have also recently bought and sold shares of the company. Zions Bancorporation increased its holdings in Paypal by 4,995.7% in the 3rd quarter. Zions Bancorporation now owns 7,083 shares of the credit services provider’s stock worth $454,000 after acquiring an additional 6,944 shares in the last quarter. Caxton Associates LP purchased a new stake in Paypal in the 3rd quarter worth $2,561,000. Vident Investment Advisory LLC increased its holdings in Paypal by 70.0% in the 3rd quarter. Vident Investment Advisory LLC now owns 9,622 shares of the credit services provider’s stock worth $616,000 after acquiring an additional 3,963 shares in the last quarter. Cornerstone Capital Management Holdings LLC. increased its holdings in Paypal by 70.6% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 329,203 shares of the credit services provider’s stock worth $21,078,000 after acquiring an additional 136,280 shares in the last quarter. Finally, Second Curve Capital LLC purchased a new stake in Paypal in the 3rd quarter worth $320,000. 80.81% of the stock is owned by hedge funds and other institutional investors.
Paypal Holdings Inc (PYPL) opened at $72.91 on Monday. The firm has a market cap of $87,631.27, a PE ratio of 52.08, a PEG ratio of 2.99 and a beta of 1.03. Paypal Holdings Inc has a 1 year low of $39.02 and a 1 year high of $79.39.
Paypal (NASDAQ:PYPL) last announced its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.03. The firm had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.18 billion. Paypal had a net margin of 12.69% and a return on equity of 11.33%. The company’s revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS. research analysts anticipate that Paypal Holdings Inc will post 1.37 earnings per share for the current year.
Several equities research analysts recently commented on PYPL shares. Credit Suisse Group reissued an “outperform” rating and issued a $85.00 price target (up previously from $74.00) on shares of Paypal in a report on Friday, November 17th. Barclays boosted their price target on shares of Paypal from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, October 20th. Citigroup reissued a “buy” rating and issued a $87.00 price target on shares of Paypal in a report on Friday, November 17th. Zacks Investment Research lowered shares of Paypal from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Finally, Argus boosted their price target on shares of Paypal from $80.00 to $87.00 and gave the stock a “buy” rating in a report on Friday, November 17th. Ten equities research analysts have rated the stock with a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $73.25.
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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