Cedar Brook Financial Partners LLC Takes $210,000 Position in Paypal Holdings Inc (NASDAQ:PYPL)

Cedar Brook Financial Partners LLC acquired a new position in Paypal Holdings Inc (NASDAQ:PYPL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,937 shares of the credit services provider’s stock, valued at approximately $210,000.

A number of other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. raised its position in Paypal by 1.6% in the 2nd quarter. BlackRock Inc. now owns 74,983,829 shares of the credit services provider’s stock worth $8,582,649,000 after purchasing an additional 1,194,180 shares during the period. State Street Corp raised its position in Paypal by 0.4% in the 4th quarter. State Street Corp now owns 46,327,303 shares of the credit services provider’s stock worth $5,011,224,000 after purchasing an additional 184,624 shares during the period. Lindsell Train Ltd raised its position in Paypal by 4.9% in the 4th quarter. Lindsell Train Ltd now owns 7,735,718 shares of the credit services provider’s stock worth $836,773,000 after purchasing an additional 364,366 shares during the period. Polen Capital Management LLC raised its position in Paypal by 2.6% in the 4th quarter. Polen Capital Management LLC now owns 7,690,677 shares of the credit services provider’s stock worth $831,900,000 after purchasing an additional 198,134 shares during the period. Finally, Fisher Asset Management LLC raised its position in Paypal by 609.2% in the 3rd quarter. Fisher Asset Management LLC now owns 4,402,613 shares of the credit services provider’s stock worth $456,067,000 after purchasing an additional 3,781,844 shares during the period. 80.65% of the stock is currently owned by institutional investors.

A number of analysts recently weighed in on PYPL shares. Nomura reissued a “buy” rating and issued a $139.00 price objective on shares of Paypal in a research report on Thursday, January 30th. Robert W. Baird increased their price objective on shares of Paypal from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Citigroup reissued a “buy” rating and issued a $137.00 price objective on shares of Paypal in a research report on Monday, December 23rd. BidaskClub raised shares of Paypal from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Finally, SunTrust Banks increased their price objective on shares of Paypal from $105.00 to $110.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. Paypal currently has a consensus rating of “Buy” and an average price target of $127.03.

In other Paypal news, CEO Daniel H. Schulman sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $119.01, for a total value of $2,975,250.00. Following the completion of the sale, the chief executive officer now directly owns 357,674 shares in the company, valued at $42,566,782.74. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Daniel H. Schulman sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $103.49, for a total transaction of $3,104,700.00. Following the completion of the sale, the chief executive officer now owns 427,074 shares of the company’s stock, valued at $44,197,888.26. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 80,719 shares of company stock valued at $8,773,501. 0.15% of the stock is owned by insiders.

NASDAQ PYPL opened at $120.51 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.43 and a current ratio of 1.43. The firm’s 50 day moving average price is $114.26 and its 200-day moving average price is $107.58. Paypal Holdings Inc has a 52-week low of $93.10 and a 52-week high of $122.19. The company has a market cap of $140.83 billion, a PE ratio of 58.22, a P/E/G ratio of 2.48 and a beta of 0.93.

Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Thursday, January 30th. The credit services provider reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.03. Paypal had a net margin of 13.84% and a return on equity of 17.33%. The firm had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $4.94 billion. During the same period last year, the firm earned $0.69 earnings per share. The company’s quarterly revenue was up 17.4% on a year-over-year basis. On average, analysts forecast that Paypal Holdings Inc will post 2.63 earnings per share for the current fiscal year.

About Paypal

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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