Lido Advisors LLC increased its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 2.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,867 shares of the credit services provider’s stock after buying an additional 231 shares during the period. Lido Advisors LLC’s holdings in Paypal were worth $745,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Truehand Inc bought a new stake in Paypal in the 4th quarter valued at $25,000. Bruderman Asset Management LLC bought a new stake in Paypal in the 4th quarter valued at $27,000. Karp Capital Management Corp bought a new stake in Paypal in the 4th quarter valued at $37,000. Virtus ETF Advisers LLC boosted its holdings in Paypal by 33.7% in the 4th quarter. Virtus ETF Advisers LLC now owns 448 shares of the credit services provider’s stock valued at $38,000 after purchasing an additional 113 shares during the period. Finally, WESPAC Advisors SoCal LLC boosted its holdings in Paypal by 116.0% in the 4th quarter. WESPAC Advisors SoCal LLC now owns 486 shares of the credit services provider’s stock valued at $41,000 after purchasing an additional 261 shares during the period. 81.32% of the stock is owned by institutional investors and hedge funds.

Shares of Paypal stock opened at $103.07 on Thursday. The stock has a market cap of $120.92 billion, a P/E ratio of 57.58, a PEG ratio of 2.69 and a beta of 1.03. Paypal Holdings Inc has a 12-month low of $70.22 and a 12-month high of $104.56.

Paypal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, January 30th. The credit services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.02. The firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.23 billion. Paypal had a net margin of 13.31% and a return on equity of 14.67%. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.55 EPS. Analysts expect that Paypal Holdings Inc will post 2.15 earnings per share for the current fiscal year.

A number of brokerages have weighed in on PYPL. Morgan Stanley increased their price target on shares of Paypal from $99.00 to $103.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. Zacks Investment Research upgraded shares of Paypal from a “sell” rating to a “hold” rating in a research note on Monday. Bank of America restated a “buy” rating and issued a $116.00 price objective (up previously from $102.00) on shares of Paypal in a research note on Friday, March 15th. Nomura increased their price objective on shares of Paypal from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, February 28th. Finally, Buckingham Research cut shares of Paypal from a “buy” rating to a “neutral” rating and set a $99.00 price objective for the company. in a research note on Monday, February 25th. They noted that the move was a valuation call. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $99.15.

In other Paypal news, EVP Adele Louise Pentland sold 74,021 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $97.08, for a total value of $7,185,958.68. Following the completion of the sale, the executive vice president now owns 162,735 shares in the company, valued at approximately $15,798,313.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John D. Rainey sold 32,999 shares of the firm’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $89.21, for a total transaction of $2,943,840.79. Following the completion of the sale, the chief financial officer now owns 140,844 shares of the company’s stock, valued at approximately $12,564,693.24. The disclosure for this sale can be found here. Insiders sold a total of 280,295 shares of company stock valued at $26,469,952 in the last 90 days. Corporate insiders own 0.20% of the company’s stock.

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Paypal Company 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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