Paypal Holdings Inc (PYPL) Shares Bought by Tower View Investment Management & Research LLC
Tower View Investment Management & Research LLC increased its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 2.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 25,530 shares of the credit services provider’s stock after purchasing an additional 510 shares during the period. Paypal makes up approximately 2.4% of Tower View Investment Management & Research LLC’s investment portfolio, making the stock its 14th largest position. Tower View Investment Management & Research LLC’s holdings in Paypal were worth $2,651,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of PYPL. Oregon Public Employees Retirement Fund boosted its position in shares of Paypal by 7,419.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 19,412,765 shares of the credit services provider’s stock worth $231,000 after purchasing an additional 19,154,611 shares during the period. Norges Bank purchased a new position in Paypal in the 4th quarter valued at approximately $906,735,000. Lunia Capital LP boosted its position in Paypal by 5,015.1% in the 4th quarter. Lunia Capital LP now owns 4,152,952 shares of the credit services provider’s stock valued at $4,153,000 after buying an additional 4,071,762 shares during the period. Morgan Stanley boosted its position in Paypal by 57.3% in the 3rd quarter. Morgan Stanley now owns 10,450,968 shares of the credit services provider’s stock valued at $918,012,000 after buying an additional 3,805,346 shares during the period. Finally, Vanguard Group Inc boosted its position in Paypal by 3.7% in the 3rd quarter. Vanguard Group Inc now owns 86,484,524 shares of the credit services provider’s stock valued at $7,596,801,000 after buying an additional 3,056,620 shares during the period. 81.34% of the stock is owned by hedge funds and other institutional investors.
In related news, EVP Adele Louise Pentland sold 3,056 shares of Paypal stock in a transaction on Friday, February 1st. The shares were sold at an average price of $89.08, for a total transaction of $272,228.48. Following the sale, the executive vice president now directly owns 55,963 shares in the company, valued at approximately $4,985,184.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Aaron Karczmer sold 3,677 shares of Paypal stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $94.44, for a total transaction of $347,255.88. Following the sale, the executive vice president now owns 11,399 shares in the company, valued at $1,076,521.56. The disclosure for this sale can be found here. Insiders have sold a total of 280,295 shares of company stock worth $26,469,952 over the last quarter. 0.20% of the stock is owned by company insiders.
Paypal (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, January 30th. The credit services provider reported $0.69 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.23 billion. During the same period last year, the business earned $0.55 EPS. Paypal’s revenue for the quarter was up 13.0% compared to the same quarter last year. Analysts predict that Paypal Holdings Inc will post 2.15 earnings per share for the current fiscal year.
Several equities analysts have commented on the stock. Barclays raised their price target on shares of Paypal from $117.00 to $125.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. UBS Group cut shares of Paypal from a “buy” rating to a “neutral” rating and raised their price target for the company from $101.00 to $120.00 in a research report on Wednesday, April 17th. Loop Capital raised their price target on shares of Paypal to $100.00 and gave the company a “hold” rating in a research report on Tuesday, April 16th. Morgan Stanley raised their price target on shares of Paypal from $103.00 to $113.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. Finally, Zacks Investment Research raised shares of Paypal from a “hold” rating to a “buy” rating and set a $116.00 price target for the company in a research report on Tuesday, April 2nd. Ten investment 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 company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $101.63.
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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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