Columbia Asset Management boosted its stake in Paypal Holdings Inc (NASDAQ:PYPL) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,652 shares of the credit services provider’s stock after buying an additional 250 shares during the quarter. Columbia Asset Management’s holdings in Paypal were worth $1,232,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Truehand Inc purchased a new stake in Paypal in the 4th quarter worth approximately $25,000. Bruderman Asset Management LLC purchased a new stake in Paypal in the 4th quarter worth approximately $27,000. Karp Capital Management Corp purchased a new stake in Paypal in the 4th quarter worth approximately $37,000. Virtus ETF Advisers LLC raised its holdings 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 valued at $38,000 after purchasing an additional 113 shares in the last quarter. Finally, WESPAC Advisors SoCal LLC raised its holdings 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 valued at $41,000 after purchasing an additional 261 shares in the last quarter. Institutional investors own 81.80% of the company’s stock.

In related news, insider Daniel H. Schulman sold 22,764 shares of Paypal stock in a transaction dated Thursday, December 27th. The shares were sold at an average price of $81.41, for a total transaction of $1,853,217.24. Following the completion of the transaction, the insider now directly owns 312,590 shares of the company’s stock, valued at approximately $25,447,951.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gary J. Marino sold 2,017 shares of Paypal stock in a transaction dated Thursday, February 7th. The shares were sold at an average price of $91.11, for a total transaction of $183,768.87. Following the transaction, the insider now directly owns 42,317 shares of the company’s stock, valued at $3,855,501.87. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 325,823 shares of company stock worth $30,176,386. 0.20% of the stock is owned by company insiders.

A number of research analysts have recently weighed in on PYPL shares. Zacks Investment Research downgraded shares of Paypal from a “buy” rating to a “hold” rating in a report on Monday, December 31st. Barclays restated an “overweight” rating and set a $115.00 price target (up previously from $110.00) on shares of Paypal in a report on Monday, January 7th. BidaskClub upgraded shares of Paypal from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 29th. Oppenheimer raised their price target on shares of Paypal from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, January 31st. Finally, Craig Hallum restated a “buy” rating and set a $110.00 price target (up previously from $100.00) on shares of Paypal in a report on Thursday, January 31st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. Paypal currently has a consensus rating of “Buy” and an average price target of $98.47.

Shares of Paypal stock opened at $100.73 on Friday. Paypal Holdings Inc has a twelve month low of $70.22 and a twelve month high of $101.26. The stock has a market cap of $118.18 billion, a PE ratio of 56.27, a price-to-earnings-growth ratio of 2.54 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 for the quarter, beating the consensus estimate of $0.67 by $0.02. Paypal had a net margin of 13.31% and a return on equity of 14.67%. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.23 billion. During the same period in the previous year, the business earned $0.55 EPS. The firm’s revenue was up 13.0% on a year-over-year basis. Analysts anticipate that Paypal Holdings Inc will post 2.14 earnings per share for the current year.

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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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