Whetstone Capital Advisors LLC Has $12.97 Million Holdings in Paypal Holdings Inc (PYPL)
Whetstone Capital Advisors LLC reduced its position in Paypal Holdings Inc (NASDAQ:PYPL) by 1.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 202,600 shares of the credit services provider’s stock after selling 2,000 shares during the period. Paypal comprises about 5.9% of Whetstone Capital Advisors LLC’s holdings, making the stock its 6th largest position. Whetstone Capital Advisors LLC’s holdings in Paypal were worth $12,972,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. San Francisco Sentry Investment Group CA increased its position in Paypal by 352.8% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock worth $100,000 after purchasing an additional 1,217 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Paypal in the 3rd quarter worth about $113,000. Kistler Tiffany Companies LLC increased its position in Paypal by 511.9% in the 3rd quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock worth $129,000 after purchasing an additional 1,684 shares during the last quarter. Harvest Fund Management Co. Ltd increased its position in Paypal by 171.4% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock worth $154,000 after purchasing an additional 1,808 shares during the last quarter. Finally, Thompson Davis & CO. Inc. increased its position in Paypal by 294.3% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 2,421 shares of the credit services provider’s stock worth $155,000 after purchasing an additional 1,807 shares during the last quarter. 80.81% of the stock is currently owned by institutional investors.
Paypal Holdings Inc (PYPL) opened at $73.69 on Friday. The company has a market capitalization of $85,575.99, a P/E ratio of 50.86, a P/E/G ratio of 2.92 and a beta of 1.03. Paypal Holdings Inc has a 52-week low of $39.02 and a 52-week high of $79.39.
Paypal (NASDAQ:PYPL) last posted its earnings results on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.18 billion. Paypal had a return on equity of 11.33% and a net margin of 12.69%. Paypal’s revenue was up 21.4% on a year-over-year basis. During the same quarter last year, the company earned $0.35 EPS. equities analysts forecast that Paypal Holdings Inc will post 1.37 earnings per share for the current year.
Several research analysts have weighed in on PYPL shares. Credit Suisse Group reaffirmed an “outperform” rating and issued a $70.00 target price (up from $63.00) on shares of Paypal in a research report on Tuesday, October 10th. BTIG Research reissued a “buy” rating and set a $81.00 price objective on shares of Paypal in a report on Sunday, November 19th. Vetr raised Paypal from a “hold” rating to a “buy” rating and set a $80.21 price objective on the stock in a report on Wednesday, November 29th. Robert W. Baird increased their price objective on Paypal from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, November 16th. Finally, Bank of America increased their price objective on Paypal from $80.00 to $88.00 and gave the company a “buy” rating in a report on Monday, November 20th. Ten equities research analysts have rated the stock with a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $73.25.
Paypal Company Profile
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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