Paypal Holdings Inc (PYPL) Stake Decreased by Cavalier Investments LLC

Cavalier Investments LLC lessened its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 1.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,785 shares of the credit services provider’s stock after selling 215 shares during the quarter. Cavalier Investments LLC’s holdings in Paypal were worth $1,159,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of PYPL. Concorde Asset Management LLC increased its stake in Paypal by 3.1% in the 4th quarter. Concorde Asset Management LLC now owns 4,027 shares of the credit services provider’s stock valued at $339,000 after buying an additional 121 shares during the period. Strategic Wealth Partners Ltd. increased its stake in Paypal by 11.5% in the 4th quarter. Strategic Wealth Partners Ltd. now owns 1,454 shares of the credit services provider’s stock valued at $133,000 after buying an additional 150 shares during the period. Northwest Investment Counselors LLC increased its stake in Paypal by 2.1% in the 4th quarter. Northwest Investment Counselors LLC now owns 7,412 shares of the credit services provider’s stock valued at $623,000 after buying an additional 150 shares during the period. HCR Wealth Advisors increased its stake in Paypal by 6.4% in the 4th quarter. HCR Wealth Advisors now owns 2,498 shares of the credit services provider’s stock valued at $210,000 after buying an additional 150 shares during the period. Finally, Capital City Trust Co. FL increased its stake in Paypal by 4.6% in the 4th quarter. Capital City Trust Co. FL now owns 4,082 shares of the credit services provider’s stock valued at $343,000 after buying an additional 180 shares during the period. Institutional investors and hedge funds own 79.30% of the company’s stock.

PYPL has been the topic of several recent research reports. BTIG Research raised shares of Paypal from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $81.00 to $95.00 in a research note on Friday, October 19th. SunTrust Banks dropped their price objective on shares of Paypal to $88.00 and set a “hold” rating on the stock in a research note on Friday, October 19th. Stifel Nicolaus boosted their price objective on shares of Paypal to $108.00 and gave the company a “buy” rating in a research note on Friday, October 19th. Craig Hallum reissued a “buy” rating on shares of Paypal in a research note on Friday, October 19th. Finally, BMO Capital Markets boosted their price objective on shares of Paypal from $112.00 to $119.00 and gave the company an “outperform” rating in a research note on Friday, October 19th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $96.75.

Paypal stock opened at $91.87 on Monday. Paypal Holdings Inc has a 52 week low of $70.22 and a 52 week high of $94.58. The stock has a market capitalization of $108.26 billion, a P/E ratio of 51.32, a price-to-earnings-growth ratio of 2.35 and a beta of 1.00.

Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, January 30th. The credit services provider reported $0.69 EPS for the quarter, topping 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 firm earned $0.55 EPS. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, analysts anticipate that Paypal Holdings Inc will post 2.14 earnings per share for the current fiscal year.

In other Paypal news, CFO John D. Rainey sold 32,999 shares of the company’s stock in a transaction dated 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 directly owns 140,844 shares in the company, valued at approximately $12,564,693.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO William J. Ready sold 27,458 shares of the company’s stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $85.89, for a total transaction of $2,358,367.62. Following the completion of the transaction, the chief operating officer now owns 85,485 shares in the company, valued at $7,342,306.65. The disclosure for this sale can be found here. Insiders sold a total of 195,736 shares of company stock worth $16,945,066 over the last quarter. Insiders own 0.20% of the company’s stock.

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About Paypal

PayPal Holdings, Inc engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. It manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions.

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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