Coatue Management LLC lessened its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 34.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,887,376 shares of the credit services provider’s stock after selling 2,071,207 shares during the quarter. Paypal makes up approximately 3.9% of Coatue Management LLC’s investment portfolio, making the stock its 12th largest holding. Coatue Management LLC owned approximately 0.33% of Paypal worth $326,890,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Truehand Inc acquired a new stake in Paypal during the 4th quarter valued at approximately $25,000. Bruderman Asset Management LLC acquired a new stake in shares of Paypal during the 4th quarter worth approximately $27,000. Karp Capital Management Corp acquired a new stake in shares of Paypal during the 4th quarter worth approximately $37,000. Virtus ETF Advisers LLC grew its position in shares of Paypal by 33.7% during the 4th quarter. Virtus ETF Advisers LLC now owns 448 shares of the credit services provider’s stock worth $38,000 after buying an additional 113 shares during the period. Finally, WESPAC Advisors SoCal LLC grew its position in shares of Paypal by 116.0% during the 4th quarter. WESPAC Advisors SoCal LLC now owns 486 shares of the credit services provider’s stock worth $41,000 after buying an additional 261 shares during the period. 81.32% of the stock is owned by institutional investors and hedge funds.

Shares of PYPL opened at $103.86 on Friday. Paypal Holdings Inc has a 12-month low of $70.22 and a 12-month high of $104.56. The firm has a market capitalization of $120.92 billion, a P/E ratio of 58.02, a PEG ratio of 2.69 and a beta of 1.03.

Paypal (NASDAQ:PYPL) last issued its earnings results on Wednesday, January 30th. The credit services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. Paypal had a return on equity of 14.67% and a net margin of 13.31%. The company had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.23 billion. During the same period last year, the business earned $0.55 EPS. Paypal’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, analysts predict that Paypal Holdings Inc will post 2.15 earnings per share for the current year.

In other Paypal news, CFO John D. Rainey sold 5,730 shares of the firm’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $94.45, for a total transaction of $541,198.50. Following the transaction, the chief financial officer now directly owns 117,023 shares in the company, valued at approximately $11,052,822.35. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO John D. Rainey sold 32,999 shares of the firm’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $89.21, for a total value of $2,943,840.79. Following the transaction, the chief financial officer now owns 140,844 shares in the company, valued at $12,564,693.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 280,295 shares of company stock worth $26,469,952. Company insiders own 0.20% of the company’s stock.

Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Paypal from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. DZ Bank downgraded shares of Paypal from a “buy” rating to a “hold” rating in a research report on Thursday, January 31st. BidaskClub downgraded shares of Paypal from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 7th. Oppenheimer raised their price objective on shares of Paypal from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, January 31st. Finally, Bank of America reaffirmed a “buy” rating and set a $116.00 price objective (up previously from $102.00) on shares of Paypal in a research report on Friday, March 15th. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $99.15.

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Paypal Profile

PayPal Holdings, Inc operates as a technology platform and digital payments 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 iZettle products. The company's Payments Platform allows consumers to send 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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